Property Profits Real Estate Podcast

Learn the concept of rent-to-own, find out the approach and systems that Scott uses for finding clients, and discover how he finds great deals with expired listings.
 
Resources/Links
How to Wake Up the Financial Genius Inside You by Mark O. Haroldsen
People Mentioned:
Ron LeGrand
Summary
Scott Ulmer has over 23-years of experience specializing in rent-to-own deals and has done 2,000 of them. He has put his business in a box and now works with affiliates in markets across North America.
Today on the Property Profits Real Estate Podcast, Scott shares his knowledge and expertise in rent-to-own transactions and his different style in approaching and getting clients. Get loads of information as he reveals his no-frills system and top industry secrets and ideas that you don’t want to miss.
Topics Covered:
01:17 – Scott recalls how his journey started in real estate investing – from reading a book to getting deals while in college
03:00 – Explaining what rental means in real estate investment in a 30,000 feet perspective
04:56 – Learning what rent to own is for the first time from Ron Legrand
05:53 – The approach that Scott did differently from other rent to own operators
09:46 – How he finds properties for his clients
13:44 – Sharing how he deals with expired listings and different ways where he got his leads
17:03 – What he discovered in smaller markets when compared to bigger markets
19:08 – Connect with Scott via their two websites 
19:54 – Backstory on how they came up with the name Little Pink Houses of America
Key Takeaways:
“When people understand what’s expected of them, they have the roadmap in front of them, and they know that the end game is to become a successful homeowner and they have skin in the game, which is big and important for us.” – Scott Ulmer
“You always have to have consistent leads.” – Scott Ulmer
“One of the things that Ron LeGrand taught me is when you’re dealing with expired listings, it’s important to catch them at the right time. So, the problem with expired listings is people wait until they’re expired, then they get a list, and then they mail them something.” – Scott Ulmer
“We find the smaller markets are, in many cases, much more lucrative than the big markets.” – Scott Ulmer
“There are buyers everywhere. The key is marketing.” – Scott Ulmer
Connect with Scott Ulmer:
pinkaffiliates.com
pinkhousesofamerica.com 
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Find out Marco’s powerful strategies that got him a property without shelling out his own cash, learn where to invest in real estate that will allow you success (even if the market is mediocre), and discover the strategies he shares that will help you create more profits through Real Estate.
 
Resources/Links
http://www.noradarealestate.com
https://www.passiverealestateinvesting.com/
Summary
Marco Santarelli is an investor, author, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment properties. Since 2004, they’ve helped thousands of real estate investors create wealth and passive income through real estate. He’s also the host of the top-rated Passive Real Estate Investing podcast.
Listen in as Marco opens up with wisdom and suggestions on a variety of topics – some of which I’m sure can help you create more profits with your deals.
Topics Covered:
01:58 – What got him into real estate investing
04:29 – What strategy does he use for his own real estate investment that has him flowing with cashflows
06:16 – Focusing on single families and duplexes
07:53 – In hindsight, what could he have done earlier in his career had he had known before what he’s known now
13:03 – How Marco find good deals
Key Takeaways:
“Choose a market that has a strong fundamental, appreciation potential. You want to catch a bit of that momentum. And I’m not saying speculate and, and chase after appreciation, I’m saying, have the cashflow and the rate of return right from the get-go.” – Marco Santarelli
“I was under the belief that if you buy a rental property, you should hold it forever and never sell that property. That works. There’s nothing wrong with it. It’s one strategy. But there are also other strategies in real estate. There’s just a tremendous amount of flexibility in how you can create wealth and make money in real estate.” – Marco Santarelli
“The importance of the neighborhood is critically important. In fact, I would go as far as saying that you can mitigate most of your risk in investing in real estate by investing in the right neighborhoods. It’s not so much the market as a whole, that’s a macroeconomic perspective and where you invest.” – Marco Santarelli
Connect with Marco Santarelli:
noradarealestate.com
passiverealestateinvesting.com
Facebook
LinkedIn
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Discover how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility, know about the opportunity of running your own residential assisted living home, and learn about one of the greatest real estate—and business—investment for the next 25 years through running and managing a residential assisted living facility.
 
Resources/Links
https://residentialassistedlivingacademy.com/media/reia-e/
 
Summary
Emmanuel Guarino is the #1 Realtor for Residential Assisted Living in Arizona. He works alongside his wife to buy and sell more RAL’s than anyone in their prospective state.
Emmanuel trains and teaches at the Residential Assisted Living Academy and he is a sought-after coach and trainer for all things “RAL”. He has an extensive background in Health and Wellness, as well as experience in Investing and Capital Raising within the “RAL” world. Emmanuel has spoken across the country at many REIA groups, expos, and conferences.
Today on Property Profits Real Estate Podcast, Emmanuel talks about the opportunity of running your own residential assisted living home and discovering how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility. He also shares his goal to help people by training investors/entrepreneurs how to ‘do good and do well.’
 
Topics Covered:
00:54 – Emmanuel’s journey to assisted living industry
02:23 – What is an assisted living all about, a great new way of real estate investing
03:31 – Home for the ‘aged’ compared to assisted living
04:50 – How much assistance do their clients need?
06:15 – Skilled nursing facility compared to assisted home
08:55 –  Do good and do well.’ business
09:21 – How big are their single-family home converted to ASL
10:16 – Converting single-family homes to cater to their senior patient/clients/tenants
12:28 – private room vs. shared room, which is more desirable and profitable?
12:39 – Who shoulders the monthly payment for the Assisted Living service? state pay, IRA investment, long term insurance, or the children
14:44 – The hiring process for assisted living personnel- caregivers, managers, cooks, etc., what is the pay scale compared to work quality
19:24 – The ‘back-end’ of setting up ASL how to set that up
20:43 – ‘Silver tsunami’ of assisted living investments - the opportunity of the future
21:53 – Connect to Emmanuel Guarino
 
Key Takeaways:
“Assisted living is there to help them live their lives and to help them out with those activities of daily living that they might be struggling with.” –  Emmanuel Guarino
“People move in and they move out, they move out ‘upstairs’ [heaven] like we were saying, and some people, you know, move on to higher-level needs skilled nursing.” –  Emmanuel Guarino
“What’s nice about this business is that we get to do good do well, I get to help a lot of people in a time of their lives where, you know, it’s tough.” –  Emmanuel Guarino
 
Connect with Emmanuel Guarino:
http://www.ral101.com/
http://www.ralacademy.com/
 
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
 
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Know the internal challenges he encountered coming from an Engineering background and venturing into real estate, discover the reasons why he still wants to be successful in real estate despite having a great career in Engineering, and learn how podcasting helped him in his journey in real estate investing
 
Resources/Links
http://www.jacobayers.com/
Summary
Jacob Ayers is a young professional real estate investor, and host of the Real Estate Way to Wealth and Freedom – a top-rated business podcast. Jacob bought his first rental property at the age of 25. He continues to build his portfolio through buying and holding multi-family properties.
Jacob was an Engineering graduate, and this career gave him a comfortable life, but he lacked fulfillment in it. He wanted to prove that he was capable of better things. Despite the challenges he had, he achieved financial freedom in a short period. Jacob shows that regardless of your background, anyone can become successful in real estate investing if you have the right mindset, and take action.
Today on Property Profits Real Estate Podcast, Jacob shares how podcasting paved his way to discover real estate investing. And now, as an accomplished podcaster himself, he’ll tell more about how it helped him to reach his success and gave him the fulfillment that he truly wanted.
Topics Covered:
00:54 – Jacob narrates how his early midlife crisis led him to discover podcasts and later invest in real properties
02:24 – Bought his first rental property – a single-family home at $25,000
03:27 – The type of real estate he primarily focused on
04:55 – How he bought his properties
05:56 – What he would do differently if he’ll start again
07:18 – Mistakes that he sees people make when starting in real estate
08:46 – Internal challenges he experienced due to his engineering background
10:13 – The more profound reason why Jacob wants to be a successful real estate investor 
12:02 – Jacob tells the fulfillment he got from doing his podcast
12:32 – The benefits of doing a podcast in real estate investing
13:53 – Deals he made from podcasting
14:44 – Advice to the listeners who want to start their podcast
16:05 – How to connect to Jacob and where to listen to his podcasts
Key Takeaways:
“The reasons that buy and hold stuck and resonated with me are because you can create wealth over the long-term, and generate passive income in the near term. And those two things combined are a really powerful thing to allow you to create that generational wealth and build financial freedom in the near term.  It allows you to achieve that point that I call financial freedom, and allowing you to essentially be able to retire from your day job, which was a big point in my life.” – Jacob Ayers
“Always have that vision and that skill in the back of your mind to get big and do things bigger and quicker.” – Jacob Ayers
“I think one thing you’ve got to focus on is the mindset.  Why are you doing this? What’s driving you? And if you can tap into something deep there that will motivate you to take action. And to me, it came down to mindset, having that abundance mindset, having the drive to build something for yourself. That desire is what pushed me over that cliff.” – Jacob Ayers
“Podcasting has been the most phenomenal networking tool I think I could have envisioned.” – Jacob Ayers
“Think about why you’re going to do the podcast. Those are the reasons why I started doing it. And it’s not passive.  So, don’t go into it with that kind of a mentality because you’ll be sorely disappointed when you come to find out how much work it is.” – Jacob Ayers
Connect with Jacob Ayers:
jacobayers.com
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Discover what important steps you need to consider when doing real estate business in other countries, learn the effective strategy of taking action and adding value for greater real estate deal success, and get the great lessons and strategies John inherited from his real estate mogul grandfather who pioneered their family’s real estate empire.
 
Resources/Links
“10,000 MILES TO THE AMERICAN DREAM” on AMAZON: https://www.amazon.com/000-Miles-American-Dream-Financial-ebook/dp/B07TKZ3C7M
“REAL EST A TE IS A TEAM SPORT” on AMAZON:https://www.amazon.com/Real-Estate-Team-Sport-Carney/dp/1925280586
Summary
John Carney is a highly-­respected Thought Leader in the Real Estate Investing realm. As a third-generation property investor/developer he has achieved (and continues to build upon) his own wealth creation and lifestyle freedom. His property deals in the US, Australia, and Indonesia have allowed him to amass generous profits and have gained him some very comprehensive international experience. A published author and sought-after international keynote speaker, John’s popular presentation and book, “Real Estate is a Team Sport. The Nine Players You Need to Profit”, outlines the steps to become a smarter, more profitable property investor.
Today on the Property Profits Real Estate Podcast, learn the lessons John obtained from his grandfather who steered the family’s real estate empire all the way down to third-generation descendants, find out his hard-earned lessons as well as learn from his costly mistakes so that you can avoid them yourself, while you dig into his successful investment ideas and strategies.
Topics Covered:
00:57 – On being a third-generation real estate investor
02:04 – A real estate business that started from the kitchen table and reaching far out all cities in the US, to Australia and Indonesia
04:37 – Business deals he’s doing in Indonesia
06:56 – The need to do the steps you are supposed to take especially when in a foreign country
08:58 – How his grandfather started the real estate empire and lessons learned from him.
12:04 – Talking about his book entitled: “10,000 Miles to the American Dream: Our Story of Financial Freedom” 
14:52 – Mistakes often committed by newbie real estate investors
19:17 –  Why you should take action and donate your time and energy
Key Takeaways:
“You gotta start somewhere. You can’t start with the 10,000 doors to hard portfolio. I know some of those people and I’ve interviewed them and that’s the story. They didn’t, whether they’re investment bankers or not, commercial builders or not, they’ve been doing this for a long time. And then they’ve just leveraged their professional career to expand their real estate businesses.” – John Carney
“I mean, take the action. If you show up and donate your time and effort, time and energy are like the two most valuable resources that anyone has that are big for me. Cause I like to be efficient with my time and energy. But if someone’s willing to help out you’re going to go somewhere.” – John Carney
Connect with John Carney:
johncarneyonline.com
Facebook
LinkedIn
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Discover things you need to learn to succeed in real estate, know more about investing Insights and ideas about the difference between flipping and rentals, and learn why students and teachers are considered as good target markets in real estate investing according to Chad.
 
Resources/Links
Get Chad’s Free Real Estate Investing Toolkit 
Retire Early with Real Estate
Summary
Chad Carson is a real estate entrepreneur, writer, and teacher. He and his wife used rental income to retire early and live abroad with their two children in Ecuador for 17 months in 2017-2018. Chad is also the author of the best-selling book Retire Early with Real Estate.
Today on the Property Profits Real Estate Podcast, Chad shares how real estate allowed him to retire early and achieve the ideal lifestyle that he and his family are enjoying. Learn how his father played a significant role when he was starting and how his journey transcended from flipping to buying rental properties. Discover his proven strategies, backed by his authentic mindset and life philosophy, that will make you think and double-check to see if how you are building your real estate business aligns with your goals in life.
Topics Covered:
01:26 – How he shifted to real estate investing from graduating in Biology
02:23 – Chad shares how his father mentored him and how his books helped him about bird-dogging
03:31 – The kind of real estate he focused on
03:36 – How he and his business partner operated their first few years in real estate investing
05:24 – Transition from flipping to buying rental properties
06:29 – Chad’s current primary focus on rental properties
09:32 – Why he prefers to rent his properties to students rather than typical tenants
10:44 – His secret weapon aside from his experience
12:17 – Chad shares his mindset and philosophy around real estate investing
14:13 – Mistakes that people make when starting in real estate
15:40 – How to connect and get to know Chad more
Key Takeaways:
“Build your business around that goal that you have for your life, and then do what matters. Make your business work. Don’t make the other way around where the business controls everything you do with your life.” – Chad Carson
“I think the consistent thread for me is just authentic with your sellers, and with your private lenders. Have the humility to say, “I don’t know everything.” Take that attitude of “I don’t have it all figured out; here’s what I do know.” I think people see that as being real, as opposed to always saying, “I’m the best.” – Chad Carson
“Fake it before you make it. That’s the lesson you’re taught as an investor.”– Chad Carson
“It’s interesting because every time you leave or every time you change or every time that market changes, you have to act like a beginner again. And I think as long as all of us, no matter how much experience we have are willing to reevaluate what worked before because it might not work next year. And that’s a pretty good approach to business in general.”– Chad Carson
“I think the biggest mistake is just window shopping. Find some strategy. You’re listening to a podcast. You’re reading a book. Take that piece of information. If I do something this month, I go out, and apply it.” – Chad Carson
“Don’t worry about being perfect. Don’t worry about being the best right now. Just be a beginner. Make some mistakes. Don’t make the biggest mistakes. Don’t go here and do something that’s going to make you bankrupt, but make some mistakes.” – Chad Carson
Connect with Chad Carson:
coachcarson.com
Facebook
YouTube
Twitter
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Discover great strategies to start out in real estate even when you don’t have credit available and just meager cash to invest, learn about what syndication is in Real Estate, and how to leverage this strategy, and find out the tips and steps on how to start investing in the United States.
 
Resources/Links
https://www.reedgoossens.com
Summary
Reed Goossens is a real estate investor, entrepreneur, author, public speaker, and all-round good bloke (as they say in Australia :-)) In 2012, he quit his job in Australia and moved half-way across the globe to the USS. With limited funds, no credit, and no network he started investing in US real estate. He now controls over $120 million worth of multi-family real estate in his portfolio.
Today on Property Profits Real Estate Podcast, find out how Reed, an Aussie mate made it into real estate investing in the US within just a year of relocating, the strategies he followed, and the tips and tricks that he can share for someone who wants to dive into this investing opportunity.
Topics Covered:
01:12 – How did that move from Australia to the US happen
03:03 –  Digging right into multi-family properties the moment he relocated to the states
05:57 – Starting it out in real estate with not much capital, just building relationships with banks and lenders
06:37 – What is syndication in Real Estate
09:33 – Common mistakes in multi-family investing that have new investors screwing up
11:34 – One superpower that he has that makes him so good at  real estate
13:18 – How to get out of your own fear of getting started 
17:32 Talking all about his book entitled “Investing in the US: The Ultimate Guide to US Real Estate”
Key Takeaways:
“I think the big thing is the first step you need to do is understand what market and what you want to invest in.” – Reed Goossens
“Choose a market where you may have a bit of competitive advantage. Maybe you’ve got a relative there or a friend there or someone who can share information that you, because you live in Canada, don’t necessarily know that being South of Smith Street is bad or being North of Smith street is bad.” – Reed Goossens. 
“Once you’ve chosen a market or a couple of markets, I always encourage people to underwrite a minimum of 50 deals in any one market because that is a great desktop study on getting to know the market without actually being boots on the ground. And then you get to the second, and the third thing and then reaching out to local brokers, local partners.” – Reed Goossens
“If you can partner with anyone, boots on the ground, I highly recommend doing it because it will then incentivize the person who’s on the ground. They’re part of the deal that can have you both, you’ve got shared interests. And so, you don’t have to necessarily worry if it’s just your deal that’s thousands of kilometers away and sort of set it and forget it, and no one’s really looking over it.” – Reed Goossens
“And I think, as entrepreneurs in this world, things are drastically and rapidly changing, we’ve really got to be like a surfer, you know, like ride the wave of change and be okay with change and not just have the blinkers on and go down the path of this being, well-traveled, and try and blaze your own path if you can and do things a little differently.” – Reed Goossens
Connect with Reed Goossens:
reedgoossens.com
Facebook
LinkedIn
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Learn how to be the obvious choice for sellers that have a probate property to sell, discover how does branding differ from marketing and why you need to create and enhance your brand, and know how to find leads and effectively market to these executors and the heirs while simultaneously building your brand.
 
Resources/Links
https://probateinvestingsimplified.com
Summary
Sharon Vornholt began investing since 1998, and she has been a full-time investor since 2008. She helps real estate investors create unforgettable brands and marketing plans that work. She has been leading probate investing experts for more than a decade, and she can show you how you can become the go-to expert in your area in just 6 short weeks.
Today on the Property Profits Real Estate Podcast, Sharon shares her probate investing and marketing strategies that you can use to build your real estate brand.
Topics Covered:
00:26 – What’s her real estate investing strategy
01:35 – What are her interests these days
01:54 – What got her interested in real estate
02:50 – How long was she into home inspection business
03:29 – What was it like for her when the great recession took place in the US in 1998
04:48 – Real estate newbies’ common mistakes
06:30 – Difference between branding and marketing
08:21 – How to create and enhance your brand
13:42 – Just act genuinely
15:39 – What is a probate deal
Key Takeaways:
“They think, well, I’ve only done a few deals, I can work on that later, it’s not important. But that’s not the case. You need to be working on building your brand from day one so that when you’re ready to step into your brand, it’s already there.” – Sharon Vornholt
“If I had one piece of advice for people is, the thing you absolutely have to get done is your marketing because nothing else matters. If you don’t have leads coming in the door, you don’t have anything to learn to negotiate. You don’t need a buyer’s list because you don’t have deals. So you have to get the leads coming in the door. And if you outsource that and do it faster, you can make more money faster.” – Sharon Vornholt 
“So, I like to tell people marketing is how you get leads and branding is why they choose you. So if you don’t build your persona, build your brand online, build your brand at your REIA, somebody is going to do it for you, they’re going to be saying, well that Dave guy, and then that’s going to be their opinion.” – Sharon Vornholt
“The online world today, we had the unique opportunity to be seen as experts. Now you have to know your stuff. There’s no doubt about that. But you can, whether it’s through a blog or a podcast, which we do, or a YouTube channel, you can actively show people that this is what you do, this is my area of expertise. And you don’t have to wait till somebody kind of figures it out.” – Sharon Vornholt 
“Well, I tell them, you know, there is no faster way for you to become known in your industry than through video” – Sharon Vornholt
Connect with Sharon Vornholt:
www.probateinvestingsimplified.com
Facebook
LinkedIn
Twitter
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Know the mistakes that Mitch made when he bought a condo unit that paved the way in his real estate investing career, learn how he went about eliminating the liabilities he encountered in renting out houses, and discover what Owner Financed Value (OFV) is and how it can help you assess how much you could sell the property for.
 
Resources/Links
Be the Bank! Stop Landlording: https://1000houses.com
Summary
Mitch Stephen has been a self-employed real estate investor for 25+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. He has purchased well over 2,000 houses in and around his hometown of San Antonio, Texas. Mitch is a high school graduate who never stopped learning, and he considers books, CDs, seminars, and webinars as his classroom.
He specializes in owner financing properties to individuals left behind by traditional lending institutions, while at the same time, giving new life to properties that have been a scar on their neighborhoods. He has perfected a method of achieving cash-flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal.
Today on Property Profits Real Estate Podcast, hear Mitch’s inspirations rooted in the mistakes he made in the past. Learn from this expert as he discusses his journey, his proven formula in selling and making offers, and the current trends that you should be aware of.
 
Topics Covered:
02:33 – Mitch shares how accidentally buying a condo unit started his career in real estate investing
04:11 – How he resolved the various liabilities he is encountering in renting out 25 houses and make money out of it
05:15 – Mitch details the formula he is using to compute for the Owner Financed Value (OFV) to determine how much he could sell a house
07:17 – How he makes an offer to a buyer out of the OFV he computed
11:22 – Why he opts to do retail instead of wholesale
11:56 – His inspirations to write his book – My Life & 1,000 Houses: 200+ Ways to Find Bargain Properties
14:13 – What is working in real estate investing now
15:06 – Mitch talks about the last book he wrote – My Life & 1000 Houses: The Art of Owner Financing
16:07 – Sharing his winning and effective practices that made his business boomed even during a recession
18:47 – How to connect with Mitch
 
Key Takeaways:
“When I make accidents, when they hurt myself, I’d learned not to do that again. When I make accidents, and they feel good, and they make me some money, I double back around and say, how did I do that? What did I do? How do I do that again?” – Mitch Stephen
“I journal 1200 pages, but for some reason, I was journaling to an audience or a listener. I was speaking to someone, trying to heal myself.  Some people close to me got hold of it and wanted to read it. And I said it was fine with me. I didn’t care because at the time I didn’t give a crap about anything. Too much grief. And which is what made the book work was because I didn’t give a damn.” – Mitch Stephen
“I wrote this book to get your juices to flow, and it starts on how to generate leads with no money. Like most of us started broke, right? Everyone I know started broke.  I started broke. So, it starts with cheesy ways to do it with nothing.” – Mitch Stephen
“Everything runs its course. What used to work doesn’t work anymore. Maybe it’s time to try bandit signs again because maybe they’re coming back now.” – Mitch Stephen
“What happens to rent when housing markets collapse? No one can buy a house. That’s why they collapsed because the bank stopped loaning. So, if you’re not buying a house, you’re renting a house.” – Mitch Stephen
 
Connect with Mitch Stephen:
1000houses.com
Facebook
LinkedIn
YouTube
Twitter
 
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
 
Enjoyed the Podcast?
Please subscribe on iTunes for updates

Learn what you need to know about self-storage investing, be educated and know the common mistakes that newbies make in self-storage investing, and discover the similarities and differences in self-storage investing in the USA and Canada.
 
Resources/Links
Learn Dozens of Self Storage Investing Secrets From the Industry’s Leading Experts: https://selfstorageinvesting.com/events/academy/
Summary
Scott Meyers is known as one of the leading experts in Self-Storage. After becoming a penniless landlord in the Single-Family Rental and Apartment business, he began investing in Self-Storage. He “Saw the Light” and quickly sold all his Single-Family Rentals & Apartments to create a small empire of Self-Storage facilities nationwide. His company’s focus is on syndicating Self-Storage deals and helping others launch their own Self-Storage business to enjoy a lifestyle free from tenants, toilets, and trash.
In this episode, Scott brings in his expertise to discuss the ins and outs of self-storage investing. He’ll tackle the common mistakes you should watch out for as a newbie and how to prevent them, and the resources you need to get started. Get ready to take some notes and write down these top tips for profiting from self-storage investing!
Topics Covered:
01:19 – Scott narrates how he ended up in self-storage investing after venturing in other forms of real estate 
04:37 – How he purchased his first self-storage facility  
05:15 – What Scott could’ve done differently when he was starting
07:23 – Mistakes that he sees the newbies are making
09:48 – Resources to study and get involved in self-storage investing
11:36 – Similarities and differences in self-storage investing in USA and Canada
13:50 – Key criteria that make a successful self-storage investor
17:07 – How to connect with Scott
Key Takeaways:
” I think the lesson we’ve learned was trying to get out in front of folks that are investing for the first time and haven’t been through an economic cycle.” – Scott Meyers
“With commercial real estate and self-storage, it takes a little bit more to learn to understand how to underwrite it and put on it to determine if something is good. Hire feasibility study consultants and appraisers to help along the way.  But on the front end, to be able to identify opportunities there, it’s a little more education to know and understand what that looks like.” – Scott Meyers
“I think patience along the way leads to my next point.  It takes longer for anybody that’s going out from scratch to our students from the get-go to find a facility that may meet their investment criteria. It makes sense as a value and opportunity.  It may take six to 12 months before they identify and close on a project.” – Scott Meyers
“When you run out of cash, you need to be open to partners. And so, accepting it and understanding what partnerships look like, risk tolerance, threshold, and whether you want to be the driver or bring in somebody will also help in those decisions to compliment you.” – Scott Meyers
Connect with Scott Meyers:
www.selfstorageinvesting.com
Facebook
LinkedIn
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates