This is your opportunity to see cutting-edge syndication strategies that are creating a killing for a “select group” of commercial real estate investors and self-storage professionals.
Here’s the reality: the economy is making it difficult for most commercial real estate investors, but there are a “handful” that are doing better than they were BEFORE the recession!
Those that are clinging to the old methods of investing are slowly dying off. Just take a look around… But those investors who are quick to adapt are taking control of the marketplace and creating serious wealth right in front of your very eyes by tapping into the over 32 billion private money arena.
For this reason, I have put together a power team comprised of myself, my SEC syndication attorney, and my real estate, 401(k) & Self-Directed IRA expert for our annual Private Money & Syndication Summit. At this special mastermind with my POWER TEAM, we’ll be revealing what we’ve been up to that has resulted in millions of dollars in “found money” and funding for me and my team.
Listen, this isn’t our home study course re-hashed, or a condensed version of our 3 day Self Storage Academy. We’re getting off the stage, ditching the microphone, taking off the ties, rolling up our sleeves, and revealing all our pro-level secrets used by A-list private money and self storage professionals at our one-of-a-kind, shoot-it-to-you-straight Private Money & Syndication Summit.
You will receive a private money PowerPoint presentation that you can use to give your own presentations to private money groups … A $200 Value
Your own copy of Scott’s personal business plan to customize and share with your private lenders…A $2,000 Value!
3 days personally taught by Scott Meyers and his Private Money Power Team including the Millionaire’s Steak Dinner and Networking Reception on Friday night… A $4,000 Value
Private Money & Syndication Academy Manual…A $900 Value!
Location of Facility: 13500 Hwy 40, Kingsland, GA 31548
Square Feet: 13,700
Number of Units: 94
Method for Finding the Deal: On market
Acquisition Price: $230k
Cap Rate at Purchase: 3.4
NET Monthly Cash Flow (After any Debt Service): Break-even to start, increasing from there.
Funding Type: Owner finance 12 months, bank loan month 13
Closing Date: May 30, 2020
Why did you like The Deal? Huge value adds, way below market rents, lots of deferred maintenance, no software – our chance to bring it up to current small-town standards. 4 ac for expansion.
The strategy you learned from Self Storage Profits, Inc. that helped you the most: How to analyze a facility, how to see the different options with purchasing.
Exit Strategy/future plans: 3-year hold, then sell or begin expansion.
Scott: “This event was a culmination of gathering all the tools necessary for a serious investor to actually be successful in this business and also an opportunity for us to meet Scott and his team and the kind of values that they expose.
If you missed weekend, what I would say is find when the next event is…
…If you’re serious about changing your life and getting into the self-storage business find the next event and go to it. Thank you for being willing to share your experience. And your passion for other people is apparent and that’s not always easy to find, out there in the real world. They’re willingness to mentor, tell it like it is to make sure that your success is their success is a breath of fresh air. We really appreciate that and we are absolutely looking forward to joining forces and doing great things.”
Shannon: “Just reiterating again what Scott said already, we know that we need to surround ourselves with people that are smarter than us. We need to stay experts in what we do and we need to surround ourselves with people who are expert in what they do. So that when we’re partnered together we’re an unstoppable force and clearly we all have God on our side and so nothing will stop us now.”
Location of Facility: Apalachicola, FL
Square Feet: 11,900
Number of Units: 114
Method for Finding the Deal: Direct Mail
Acquisition Price: $460,000
Cap Rate at Purchase: 12.58%
NET Monthly Cash Flow (After any Debt Service): $23,052
Funding Type: SBA
Closing Date: April 30, 2020
Why did you like The Deal? Cash Flow- We received funding for immediate expansion which will bring our cash flow up to $50,148 in year 2 after debt service
The strategy you learned from Self Storage Profits, Inc. that helped you the most: Underwriting- we were very conservative coming in and it will pay dividends for the life of the project.
Exit Strategy/future plans: Expand with Boxwell Portables (3,552 sqft YR1 and another 1,920 sqft YR 3)
“I woke up at 5am to drive to our 8am closing and was wondering do I really want to do this? But I trusted our training and followed through. We are on track to beat Moore’s law, doubling our units (or cash flow) every 18 months. Still a lot of work ahead, but at least we can drink wine in our office! (Not cool at my city job)”
Ramsey Storage Center had its Grand Opening yesterday, on June 11, 2020, with owner Bob Mikulak cutting the ribbon.
In attendance at the ceremony were the Mayor of Ramsey MN, John LeTourneau, as well as members of the Ramsey City Council and Chamber of Commerce.
Everyone who sees the building loves it with many commenting on how beautiful it looks!
“I came to this event knowing that I was going to learn about self-storage, but it’s really beyond my wildest dreams, about the content, the plan, just the people that Scott surrounded himself with. So it’s been an absolute pleasure, and very gratifying. Would recommend to anybody…
…If you missed this weekend you missed a great event, really incredible information, just a great group to be around. Tremendous networking, I met a lot of new friends and future business partners. There’s no real word that can describe how tremendous these people are, how giving how incredible, knowledgeable. Just a tremendous fantastic group.”
Thank you very much for the lovely bottle of wine to help us celebrate the closing of Southside Storage! That was very thoughtful of you, and much appreciated.
And, I’ve said this before, but it’s worth repeating. Thank you for all that you do every day. We truly could not have done this deal without you and your organization’s help, guidance, advice, connections, experience, and encouragement…
“After attending the Self Storage Academy, my father David and I found a 115 unit, Bank owned Facility worth $600,000. We bought it for $310,000 and the Bank Financed the entire amount PLUS a new Gate System, and agreed to 4 months no payments at 4% for 20 years with a 10-year balloon!”
Please see the agenda listed above. For those of our attendees traveling for this event, we suggest planning to arrive in Wednesday evening before the event starts and flying out on Sunday to ensure that you are available for all sessions and the full event run. Also feel free to stay either before or after the event for a few days to take in local sites in the area and make a vacation out of your trip!