Now you can get the best of both worlds! We’re proud to offer a combination package of our Self Storage Home Study System and two tickets to our Self Storage Academy.
First, the Home Study System:
Self Storage is creating a mini-revolution all across the country and giving thousands of people the ability to create wealth right from their living room or favorite coffee shop. The Self Storage business may seem familiar to you, but it’s actually re-inventing itself in so many important and exciting ways. It is also widely regarded as the most profitable and easily managed real estate investment in the country.
The good news is that Self Storage is a $220 billion+ (market cap value) and $22.6 billion (annual revenues) industry in the United States that comprises more than 23 million rental units with more than 2.2 billion rentable square feet!
And of those 23 million, roughly 8 million have been added since the year 2000, making Self Storage The Fastest Growing Real Estate Business in The United States for the past 30 years!
In addition, a recent study by the National Self Storage Association showed that only 1 in 10 US Households are now renting 1 or more Self Storage Units, creating a high growth industry with only 10% penetration!
How many business opportunities have you looked at? Ten? Fifteen? Twenty? How many sites have you visited promising unlimited wealth with no risk or without lifting a finger? Maybe you’ve looked at franchises that charge astronomical fees and huge back end royalties. I know, I’ve been there.
Over 18 years ago I started looking for the perfect business…one I could do without sabotaging all my time, my current job, my marriage, or my friendships. What I wanted was a business that I could mold into my lifestyle and personal financial goals. A business that was isolated from good and bad economic cycles, not a fad that would fizzle out, leaving me right back where I started.
Tell me if any of these benefits apply to you:
1. Set Your Own Hours. Turn small amounts of time into sizeable profits. Start part-time, earn while you learn, and ultimately replace and exceed your regular job’s income before you walk away from it. Or, if you like, work part time or make the equivalent of a full-time income from spare-time hours and call yourself retired.
2.Use a Proven System, but with no Franchise Fees or Royalties I lack creativity, and did not want to reinvent the wheel. I wanted a proven step by step system – like a franchise, but without the hefty up front fees and back end royalties.
3. Low to No Overhead – I wanted the ability to run my business from my home, or my favorite coffee shop, and enjoy the tax benefits of operating a home-based business.
4. Flexibility – I wanted the ability to go it alone, or bring on partners as the business grew. In addition, I wanted a business that could be duplicated in any area of the country, so I could make money while vacationing in different cities (and make the trip tax-deductible)
5. Make Instant Profits – The ability to generate cash flow from day one; not in several years after pouring my life savings into it, or borrowing money from my relatives and friends.
Well after talking to and meeting with several older, wiser, (and richer) friends, I found one thing in common: Virtually all of them had made their fortunes in real estate, and the others had a real estate portfolio larger than most so called full time real estate investors.
So I jumped in with both feet by purchasing a Home Study System by one of the top “Guru’s” in the country on how to invest in real estate with no money down. And I, unlike so many other people who buy courses and then stick them on the shelf, actually watched those tapes and read the manual. And Guess what……..it worked! I bought my first piece of investment real estate, a 3- bedroom 1 bath single family home, for $30,000 with $0 money down!
Then I rehabbed it, rented it, refinanced it, and pulled out enough money to re-invest in 2 more just like it. I repeated this several times over and had made a small fortune in the single family buy it, fix it, rent it, and sell it real estate business. I then took that small fortune and began to invest in several apartment complexes, and office buildings. The cash flow was great, my net worth had skyrocketed, and I was living the dream! (so I thought).
Then came the tragic events of September 11, which as many of you may remember, shook our country to the core. In the recession that followed, our vacancy rate plummeted near our break even point, our insurance rates had soared, and a statewide property tax increase on all our properties a year later delivered the final blow. The promise of a better life and the creation of wealth through residential rental real estate had been jeopardized in just a few short years, and I knew something had to change!
As I pondered my options, I realized that my passion still lied within real estate. The main reason I was in this mess because I was in the business of renting space to PEOPLE. The lost rent from evictions, move-outs in the middle of the night, huge collection expenses, high vacancies in tough economies, plus the cost to repair, re-paint, and re-carpet each of our 400 units when they became vacant was eating away at our monthly cash flow.
Also, being a victim of random increases in property taxes, insurance, and utility costs over the past 5 years brought me to the conclusion that I no longer wanted to be in a position where I was slave to the tax man, the insurance companies, nor the utility monopolies any longer.
“Although I was Making Money with Single-Family Homes and Apartments…I wanted to Make More Money, Faster, without the Hassles of Tenants, Toilets, or Employees!”
So the conclusion was that my dream job was to build a low-risk, high cash flow real estate business without all the hassles of tenants, toilets, or employees! Simple enough, but did such a business really exist? Was it a pipe dream? Or was it the best kept secret in Real Estate Investing?
So How Does Self Storage Stack up against other forms of Commercial Real Estate Investments?
When comparing Self Storage to other real estate investments such as Apartments, Office Buildings, and Retail, how do they compare? Lets explore some of the most important factors.
The development cost of self storage is one-third to one-half that of Apartments (multi-family), office buildings, or retail properties.
Owning Real Estate requires regular maintenance of the grounds, appliances, plumbing, electrical fixtures, etc., which usually require a maintenance staff. As the graph illustrates, self-storage operating costs are less than half that of other real estate properties.
Break Even Cost
When owning investment property, you simply must fill a certain amount of space to keep from losing money. In self storage, this break-even point is considerably lower than other real estate ventures due to its low development costs.
This chart illustrates that the annual rent ranges for self storage fall within the range of other real estate. However, considering the lower development and operational costs we discussed above, self storage can yield a better bottom line.
Failure Rate Comparison
Compared to other real estate investments, self storage has the ability to absorb economic fluctuations, maintaining value during both good and bad economic times.
|Source: “The Big Financial Picture” Inside Self Storage Magazine, Nov. 2000, by Mike Parham, National Development Services, Inc|
I found out the hard way, however, that there are a few important differences between buying a single-family house or apartment building, vs. buying a Self Storage Facility. I made a lot of mistakes in the beginning-some very costly. But what counts is that I learned from my mistakes, and I created systems so I wouldn’t ever make those same mistakes again, with step by step instructions on how to find lowly Cinderella facilities and turn them into Belles of the Ball (making a boatload of cash in the process!)
I heard Scott’s story on a webinar in May 2009 and ordered his home study course to study while recovering from surgery over the summer. After seven years investing in residential real estate, I had sold most of my properties and was eager to invest in anything that didn’t involve tenants, toilets, and termites! While attending a Commercial RE Bootcamp with my son Joe in August, I was surprised to see Scott show up as a speaker on the last day. After hearing him speak, my son instantly decided he would rather invest in self-storage facilities than in multi-unit apartments!! He signed up for the Scott’s self storage training event in Indianapolis at the end of August and joined the affiliate mentoring program, so he could hit the ground running as soon as he got out of the Marines in October. We are now partners in self storage investing and have been working directly with Dutch and Brian on Scott’s mentoring team for two months.
The weekly mentoring calls address not only the specific techniques and strategies we must implement to find our first good self storage deal, but also provide, as a bonus, thoughtful guidance in living a balanced life based on strong relationships in both business and personal arenas. The Stepping Stones report helps each student to manage his/her time productively and make steady progress toward achieving weekly and monthly goals, despite our hectic schedules. The mentors are experienced and eager to help each student succeed. I especially appreciate the 1-on-1 personal phone calls with Dutch and Brian that specifically address my own strengths and weaknesses, and keep me focused on making the best use of my time. Brian has been exceptionally responsive in helping me with issues needing immediate attention over the last few weeks. My son and I are learning new things every week and fully expect to locate our first good deal within the next three months. I’m also encouraged by the weekly phone calls with my accountability buddies (two students in the mentoring program), as we support each other and learn together how to overcome obstacles and stay motivated. I’ve been a student in several other RE mentoring programs and have found Scott’s program to be the most systematic, effective, and exciting mentoring program I’ve been involved with over the last seven years.
Kay Harris (and son Sergeant Joe Harris)
Fortunately for you, I’ve combined all of my knowledge, and all of my systems into my Home Study System called:
This Step-By-Step system means you won’t make the same mistakes I did, and will show you how I went from being a tired, overworked and underpaid landlord, to creating $10,700 in monthly spendable cash in 12 short months, without the hassles of tenants and toilets.
Here’s the Complete Table of Contents of the course, Straight from the Manual…..
A $29.00 Value!
For a limited time, you’ll get a CD that includes every possible manual, form, and document you will ever need to operate your self storage facility, over 70 documents in all! You’ll get a Customizable Operations manual and all the forms required for the day to day operation of a self storage facility for reference, or to train your employees. It’s all there; from auction forms, to truck rental and retail sales forms, leases, and everything in between. You’ll also get my completely customizable, fill-in the blank Human Resource policy manual for employees, that I paid several hundred dollars to have developed. There’s nothing left for you to create, or pay someone else to; I’ve already done it for you. Simply Print, and go!
A $277.00 value!
That’s Right! This is the Same Business Plan that I have used to acquire $ Millions of Dollars from my Bankers and Private Lenders over the past 16 Years. You get my personal 33 page business plan that I previously charged $2,000 for. So that my students could use it to prepare and submit with their loan applications and relationship deals. Quite simply, I don’t have the time anymore, so I’ve uploaded my plan on the website for you to access with a special code so that you can simply download and replace my company and facility data with the facility you’re submitting for loan approval.
All this…normally $997.00, but included in the price of the combo.
Then, you’ll get two tickets to our Self Storage Academy:
Featuring Scott Meyers®, Live, In Person!
Want to learn how to create SUSTAINABLE wealth in Real Estate without all the hassles of tenants, toilets, and trash by the nation’s leading Self Storage Millionaire Maker? You’re not alone. It’s an extremely motivating, and powerful experience….one that could change not only your life, but the lives of your entire family tree! Countless people have gone on to achieving unimaginable wealth and real freedom after attending Scott’s 3- Day Self Storage Academy which takes you behind the scenes of the Nation’s leading Self Storage Author, Speaker, Investor, and Trainer of Self Storage Millionaires!
Author, Speaker, Investor, and Trainer of Self Storage Millionaires! Learn from a guy who bought his first single-family rental house back in 1993 only to realize that managing over 400 tenants and toilets was literally driving him to the poorhouse. How do I know, because that guy is me, Scott Meyers®, The Nation’s Leading Self Storage Expert. I’ll explain why I sold all my houses, apartments, and office buildings along with all the hassles of 400 tenants and toilets, to build a “mini” empire of Self Storage facilities all across the country. I’ll also reveal how I created a positive monthly cash flow of $10,700 in first year in the business with no cash and bruised credit!
Join me for three education packed days, where I’ll put you on the fast track to creating a lifelong income stream in the best kept secret in the real estate business – Self Storage.
Come spend 3 full days with me where I’ll share all my secrets on how to make millions in Self Storage. We’ll spend The First 2 days in an executive classroom setting followed by a facility tour to cement the strategies and concepts you’ve learned over the 2 previous days.
You’ll be able to personally experience how to make boatloads of cash with the multiple profit centers available in self storage including climate controlled units, insurance income, offices, merchandise sales, Truck Rental, Boat/RV parking and much, much more!
You get to experience first hand, in a real world setting, how I apply everything that I’ve just taught you in the classroom at one of my First Class Facilities.
Through everything I have studied in my investing career, I have discovered that there are basically Six keys to creating wealth in real estate.
It is these Six Steps to Wealth that I’ll focus on at the Self Storage Academy(tm) Live Event:
During this one of a kind, three-day live event, I’ll cover virtually every aspect of Finding, Evaluating, Purchasing, and Running a successful Self Storage Operation in thorough detail. I’ll start by assuming that you know nothing. And with my step by step system, by the time we finish on day 3, you’ll know all you need to know to go out and do your own Killer Deals.
I’ll Reveal the 7 Best Ways I have found to create a Powerful Pipeline that keeps an unlimited amount of deals flowing in endlessly and effortlessly. These simple strategies cause my competition to constantly question “How does he keep finding all these great deals?”
I’ll show you the proper way to utilize Commercial Real Estate and Self Storage Brokers, The Top Websites for Self Storage Listings, My highly coveted mailers and mailing campaign strategies, the most productive way to cold call owners, how to effectively canvass a target market, ads that attract sellers in various publications, and countless other ways to become a living billboard for your burgeoning business that will produce more deals than you could possibly do.
We’ll walk through how to use my Self Storage Valuator™ Software Tool that was designed to enable me to analyze my self storage opportunities with amazing speed and accuracy.
Bring your “HOT” deals to the academy and my staff of trained Self Storage Investors will analyze it for you for FREE!
We’ll also discuss how to use my Prospecting Fact Sheet, which is a list of The 27 Questions you must ask every seller Before moving Forward. Then, based on what I get, I will simply plug the figures into the Self Storage Valuator™, and Voila! It will tell me EXACTLY whether or not it has the potential to make Huge Profits!
I’ll teach you my “in the trenches” negotiating strategies that I have honed while working with multiple sellers & brokers over my 17 years and roughly $15 million dollars in Commercial Deals. I’ll show you exactly how I create my “IRRESISTIBLE OFFER”, and how I successfully justify why my asking price may be significantly lower than what the seller is asking. We’ll also discuss the 8 different motivations of Sellers, and how to use them to your advantage.
We’ll then discuss if and when it is appropriate to use a Letter of Intent (LOI) along with an in depth look at my Rock Solid Purchase Agreement, and the 9 Tips You Need To Know Before signing the most important document you will ever sign in your life!
One of the best attributes regarding real estate investing is also one the most abused; Leverage, or the ability to borrow money to finance your investment. The beauty is that real estate is the only investment I know of where you can borrow money to buy it. You can’t do this with stocks, bonds, mutual funds, or any other investment I have found. However, it can also get you into a lot of trouble if you’re not careful (ask me how I know this!)
First of all, thank you so much for your guidance in helping me purchase my first self storage facility. Last year, I bought your home study course and attended the Self Storage Academy boot camp. These gave me all of the tools needed to solidify my first deal at age 23. Your attention to detail and consistent e-mail feedback provided guidance I need to help seal the deal.
The unique tactics taught at boot camp allowed me to find a solid property that best fit my personal needs. Upon purchasing the facility, one of your “no money down” techniques saved me thousands of dollars. I now enjoy the success of remotely managing my property and still live four hours from the facility. Your programs allowed me the resources to find solid leads, close deals, and manage my investment. I look forward to our continued relationship and using Self Storage Academy tactics in all future business.
Thanks again! Casey Cavell”
I’ll show you the safe, low-risk strategies I use to purchase my facilities, not the risky, 100% leverage ‘em to the hilt strategies that some of the other gurus are preaching just so they can sell you their stuff. Now before you call me a hypocrite, I do buy facilities with no money down. However, I only buy facilities that are way below market price, with a tremendous amount of upside value, and I structure the deals so that they always cash flow from day one. We’ll use real case studies of several deals I’ve done and the various financing strategies I have utilized to show you that I actually practice what I preach.
I’ll also introduce you to the world of seller financing and how I have used private lenders and 16 other ways you to fund your down payments. In addition, you will meet one of the nation’s top Self Storage mortgage brokers who will show you how to safely structure no money down deals. He’ll also share the stage to explain Cap Rates, Debt to Income Ratios, Internal Rate of Return, and many other financing principles that he’ll break down into layman’s terms. By the time you leave the event, you’ll have all the tools in place to safely fund your next deal without using any of your own money.
The topic of due diligence is not very glamorous, but it is THE most critical aspect that will determine your success in this business. This is where we determine whether or not the investment is suitable for our investment goals before we write the big check. Remember: It’s not what we know that will cause problems in our investing career; rather it’s what we don’t know that inevitably leads to disaster.
I’ll walk you through my Due Diligence Checklist, which is a must have list of items needed Before Closing! I’ll show the exact steps I take and the questions I ask every seller to Verify the total income, and uncover all the expenses of a property so that there won’t be any surprises once I buy it. We’ll then walk through how to plug that information into the Self Storage Valuator(tm) to determine the ESTIMATED VALUE, POSITIVE MONTHLY CASH FLOW, AND BREAK EVEN POINT for any potential Investment.
One of the many benefits of Self Storage is that there are countless Profit Centers available to maximize the income of any facility. I’ll show you how you can buy a Vanilla Facility, and by adding a combination of the multiple Profit Centers available in this industry, how you too can take a lowly Cinderella Property and turn it into the Belle of the Ball!
We’ll visit one of my Flagship Properties that offers Climate Controlled Units to see exactly how I have implemented many of these industry leading profit centers to create multiple income streams, thereby increasing my monthly cash flow by thousands of dollars, and skyrocketing the overall value by tens of thousands of dollars within a matter of months.
I was an appraiser working in Brownsburg, Indiana when I stumbled onto a self storage facility that a business acquaintance owned. We agreed on a sales price contingent upon me sell off my 7 duplexes and 2 single family homes to have enough money to buy his facility. Fortunately, I was able to unload them all to an investor that gave me enough money to buy his facility for $460,000. Using your value add strategy, I built another building to the existing 4, with 22 climate controlled units and some offices in the front for $300,000. For another $13,000 I added gravel to the remainder of the 4 acre lot and fenced it in for Boats and Rv’s. In a short time, we were full, and it was throwing off around $3,500 a month in positive income. A broker friend of mine said he had a buyer looking in the area and he made me an offer I couldn’t refuse. I sold the facility for $1.5 million dollars, for a profit of around $727,000!. My appraisal business has grown tremendously, and now I’m looking for my next Self Storage Project.
Curt Johnson, Brownsburg, IN
Let’s face it, you need a mentor! My most successful students who wanted to shorten (or bypass) the learning curve altogether are members of my Self Storage Millionaire’s Mentoring Program.
Here’s what you’ll get as part of this exclusive program:
Monthly Newsletter – Monthly Webinars – Club Videos – Members Only Facilities for Sale – Tips – Videos and More
A $ 29.00 Value
That’s Right! This is the Same Business Plan that I have used to acquire $ Millions of Dollars from my Bankers and Private Lenders over the past 16 Years. You get my personal 33 page business plan that I previously charged $2,000 for, that my students could use to prepare and submit with their loan applications and relationship deals. Quite simply, I don’t have the time anymore, so I’ve uploaded my plan on the website for you to access with a special code so that you can simply download and replace my company and facility data with the facility you’re submitting for loan approval.
Even though there is no one else on the planet disclosing all the secrets to this business, and although you can’t get these secrets and strategies from any other source, I want to put your mind at ease. I understand that investing in the tuition for this event may be a financial stretch for some people, so just to put your mind at ease I’ll also offer my iron-clad Personal Guarantee….
Attend the entire first day and night and through the lunch break on Day 2. Then, if you look me in the eye and tell me I did not deliver on my promise of value for this event and you can’t see exactly how you will make back at least 10 TIMES your investment from attending, you will get:
100% Refund of the Amount You Paid for the Self Storage Academy – No hard Feelings and No hassles.
Oh Yeah! Here’s another incentive, the Self Storage Academy™ Live Event is 100% tax deductible*. Uncle Sam will reward you for attending the Live Event by deducting the tuition directly off your income! (*Please consult with your tax adviser about the deductibility of educational expenses)
**Please Note That The Original Receipt With Your Name Listed As Purchaser Is Required To Receive Any Refunds and the course must be returned in Resalable Condition. ** Guarantee is for online orders and event contracts and returns are per the different club return policies.