Just Start Real Estate with Mike Simmons

In today’s show, I am joined by Michael Episcope. Michael is principal of Origin Investments, in which he co-chairs the Investment Committee and oversees investor relations, marketing, and company operations. He brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. He also regularly contributes to Forbes, Entrepreneur, and Huff Post, and frequently speaks on real estate investment panels and podcasts.

 

We first talk about Michael’s background story and how he got into real estate. At a very young age, Michael was exposed to the investment side of real estate by his grandfather, who was in real estate at the time. He used to spend his summers with his grandfather, who was very hands-on when it came to his business. These experiences gave Michael first taste of the real estate world and allowed him to see the lifestyle it can provide, without even realizing what a profound effect that was going to have on him later in life. After college, Michael started working for Chicago Mercantile Exchange, where he spent the next 17 years building his career as a commodities trader. After 17 years, he decided to retire from this career and this is when Origin Investments was created.

 

Michael then goes on to explain in detail why he decided to retire from his first career as a commodities trader. He explains that when he first got into trading he had nothing to lose, so he could take all the risk that he wanted. But, as he was moving up the ranks in his company, he realized that he was headed to a point where the risk was simply too big, where he had far more to lose than to gain. So, he retired in 2006 and in his words, it was the best thing he ever did.  

 

We then discuss what it is that Michael is actually buying, when it comes to real estate and the two funds that they are operating at Origin Investments. Michael shares that they buy class B or better apartment buildings and they also do preferred equity, meaning they lend to certain projects. Their fund has many different products that they can invest in within the capital structure, but it's mainly class B and  class A apartment buildings. Right now, they are operating two funds at Origin Investments and their IncomePlus Fund is for the income-oriented investor. The advantage of that fund is that people can invest all of their capital at once into a diversified portfolio of assets that's made up of preferred equity, common equity, and also 20% of the fund is dedicated towards ground up development. So they are investing immediately into assets that are cash-flowing assets. Their QOZ Fund is a qualified opportunity zone fund, that is meant to deliver high-risk adjusted returns through development, but the real benefit is taking advantage of the tax benefits.

 

We then talk about the scope of Origin Investments. They have about $600 million in equity and the assets under management are $2 billion. Michael believes that their biggest strength is that they have a lot of skin in the game and they're investing side-by-side with investors. They also have a great Investor Relations Department and understand the service side and the psychology behind the individual investors. They currently have 30 members in their team divided into five areas: marketing team, investor relations team, investment management team,  acquisitions team and corporate operations (accounting and legal).

 

Lastly, we talk about the marketing strategy that Michael uses with Origin Investments. According to him, there is no magic bullet. The most important thing is to be consistent and put yourself out there. The first step to having a good marketing strategy is to have a good product. Only then can you think about the ways to market it and put it in front of people and show your competitive advantages.

 

Don’t miss this highly educational episode of the Just Start Real Estate Podcast with Michael Episcope that is all about creating and growing real wealth!




Notable Quotes:

 

“When I was 36 years old, I had a great career but I was also young. I didn't want to retire, I wanted to do something and I think it was that early exposure to real estate that really interested me in that asset class.”

  • Michael Episcope 

 

“The reality was, it was a family office. We were two guys buying real estate, putting our money to work and then we ended up bringing in friends and family, syndicating and growing a fun business, and just doing more deals and generating returns and providing people with great service.”

  • Michael Episcope 

 

“Our belief is that you buy great real estate and you take care of the downside, the upside takes care of itself.”

  • Michael Episcope

 

“When I started trading I couldn't rub two nickels to my name. So, I went and traded, and decided to take that kind of risk, because I had nothing to lose.”

  • Michael Episcope

 

“What I was really good at is reacting to the information at hand and doing it faster than anybody else around me.”

  • Michael Episcope

 

“The market is the market. What you do and how you react, and how you pivot or adjust your approach, is really what makes all the difference.”

  • Mike Simmons 

 

“We have very flexible capital because, in times like this, you have to be able to navigate across the risk spectrum when you don't see the kind of risk-return that you think is appropriate with the money you're putting out.”

  • Michael Episcope

 

“That's what real estate is about - it's about taking advantage of the tax efficiencies.”

  • Michael Episcope

 

“You don't buy, fix and sell a great asset. You buy, fix, and hold a great asset for a long duration. That's how the most amount of wealth has been created in this country.”

  • Michael Episcope

 

“The only thing that matters is what you get after paying the manager and Uncle Sam.”

  • Michael Episcope

 

“1031 exchange, depreciation, and the ability to refinance. That's the trifecta of real estate right there.”

  • Michael Episcope

 

“If you have a great product and you put it in front of enough people, they're going to buy it.”

  • Michael Episcope

 

“During COVID when the world just kind of blew up all of a sudden, we didn't know what was going on, but we knew that we had to communicate to investors.”

  • Michael Episcope

 

“Tell them the truth right away. Everybody understands the risk of what they're doing.”

  • Michael Episcope

 

“Nobody likes a black hole. Over-communicate, tell them what's happening - good and bad.”

  • Mike Simmons

 

“The best thing you can do is be consistent and put yourself out there.”

  • Michael Episcope

 

“In order to be good at marketing, you have to have a really good product. Period.”

  • Michael Episcope

 

“If you can't quantify your competitive advantage, then you don't have a competitive advantage.”

  • Michael Episcope

 

“We really go above and beyond to get people comfortable. And it's not just for their benefit, it's for our benefit as well.”

  • Michael Episcope

 

“The best investors to us are the ones who downloaded the information, they read, they come to the table ready with questions, understanding what they want to invest in or at least talk about.”

  • Michael Episcope





Links:

Origin Investments 

Origin Investments on Facebook 

Origin Investments on Instagram 

Origin Investments on LinkedIn 

Origin Investments on Twitter 

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months



Direct download: Create_and_Grow_Real_Wealth_with_Michael_Episcope.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on June 2nd and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“I know that I can impact you and your business, but it all begins with asking for help and realizing you can’t do it on your own.”

 

“I have experienced waiting in my life, like waiting for conditions to be right, and I can tell you it is just another excuse for not getting started.”

 

“Everyone I know that is successful has an abundance mentality.”

 

“One of the big regrets of my life is not starting sooner.”

 

“The second biggest regret of my life is not asking for, seeking out, and paying for help sooner.”

 

“Just keep making offers, stick to your numbers, don’t worry about losing out on deals.”

 

“Some people advise not to use a property management company to handle your rentals until you get to a certain number of them, like 10.”

 

“Real estate investing is a common denominator in a lot of people who have achieved a high level of financial success.”

 

“A benefit of investing in real estate is that if I buy a property for $100,000, I know tomorrow it won’t be worth $0, which is a real possibility with other forms of investing.”




Links:

Business Fast Track Blueprint

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months


Today’s guest is my friend and fellow podcaster and investor, Danny Johnson. I had Danny on the show about a year ago and am thrilled to welcome him back. Danny started flipping houses in 2003, made it successfully through the housing market crash in 2008, and started scaling his business up about 5 years ago. As a software developer prior to flipping houses, Danny started developing real estate investor websites by creating the software called LeadPropeller. Danny is also the host of the ever-popular Flipping Junkie Podcast and Flipping Junkie Blog.

 

Danny updates our new listeners with his background and how he got started in real estate investing. He began investing right after he had gotten his computer science degree in college because his dad had gotten into investing and was having a blast. Danny describes how passionate his dad became about flipping houses and was so excited to just do more each time Danny spoke with him. His dad’s mentor started Danny along his own investing path and Danny shared that he had to actually get fired from his full-time job before he was brave enough to invest full-time.

 

Danny talks about how and why he began his blog and wrote his book, Flipping Houses Exposed. His flipping business had slowed down because he had gotten interested in learning to fly airplanes, and he felt like he wanted to use the internet to hold himself accountable. He noticed that the popular television shows about flipping houses never showed how they got the leads and deals, so he decided to document every call he received in order to illustrate that side of the business. Danny also talks about the challenge of growing his business from an endeavor in which he and his wife at the time did everything, to the stage where he could comfortably take a vacation without thinking about the deals he might be missing.

 

Danny shares with us his passion for developing software in order to help other real estate investors on their journey. He just launched his new CRM software called Forefront and I asked him to explain with is different about this product. He tried to get back to the basics with this software on what he really needed it to do, which is to keep track of his leads and the follow-up. Danny talks about how this product is like a visual whiteboard, a visual representation of his business that is easy to just log in and get started. We talked quite a bit about the importance of follow-up and how this is an automated feature of Forefront CRM. We talk a lot about the details of this feature and different ways to customize it in order to achieve the results you desire and increase how many deals you close.

 

I asked Danny to explain the motivation behind starting a new podcast. Danny said he definitely sees the value of having a show for investors that are a little bit further along on their journey. He wants to be the encouragement to other people that they can grow their business as other investors have been to him. He has named it “Braver” and he really wants to focus on the fears that keep people from growing their business.

 

Danny is incredibly honest, transparent, and overflowing with integrity so you don’t want to miss this episode of the Just Start Real Estate Podcast! This is a great opportunity to learn all about his new software product and how it can help you grow your business!




Notable Quotes:

 

“Flipping houses while working a full-time job taught me how to maximize my time.”

  • Danny Johnson

 

“I didn’t waste time because I didn’t have time to waste.”

  • Danny Johnson

 

“A lot of people don’t even know it is an option to get off the hamster wheel.”

  • Mike Simmons

 

“Trying to compete with other CRMs on features is ridiculous.”

  • Danny Johnson

 

“I have talked to hundreds of investors who have no great system for following up on their leads.”

  • Mike Simmons

 

“You have to follow-up and when you do, it is all about being top of mind.”

  • Danny Johnson

 

“Automation that feels automated feels worse than doing nothing.”

  • Danny Johnson

 

“My hamster wheel was going fast and if I stopped, I was going to tumble and be thrown right off.”

  • Danny Johnson

 

“If you don’t think you need better follow-up, you are either wrong or exceptional and the outlier because I do not know many investors who are truly good at this.”

  • Mike Simmons

 

“If you are not really generating leads now, work on that before buying this software.”

  • Danny Johnson

 

“People need encouragement.”

  • Danny Johnson

 

“It’s not that people become less afraid… they become braver.”

  • Jordan Peterson

 

“The skills it takes to start a business are different than the skills it takes to build a team.”

  • Mike Simmons






Links:

Forefront CRM

LeadPropeller

Flipping Junkie Podcast

Danny’s Email

Business Fast Track Blueprint

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months



Direct download: Follow-up_Can_Make_You_A_Fortune_with_Danny_Johnson.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on May 19th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“When you are buying someone’s house, you want to help them out with whatever their problem is.”

 

“Don’t solve a problem for them that they don’t have.”

 

“Most people are more than happy to tell you what they need from you.”

 

“If you are a workaholic, you better partner with a workaholic.”

 

“If you are the same person, with the same skillset, it is an unnecessary partnership.”

 

“Can I survive the money and the time it is going to take for me to move forward with that decision?”

 

“What sort of accountability am I going to put into place in order to execute on this decision?”

 

“The leads that I have marketed to for the last five years grew my business to over a million dollars.”





Links:

Business Fast Track Blueprint

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months




My guest in today’s episode is a highly successful realtor, Josh Anderson. Josh is a top Real Estate Consultant in Nashville and owner of The Anderson Group Real Estate Services. He first came into the real estate business 15 years ago and he closed last year with over $135 million dollars in real estate sold. He has been a guest on several popular shows such as Hiban Digital and Real Estate Uncensored.

 

We start off with Josh sharing his background story. Right after college, Josh started working for an investment bank. He was working 9 to 5, making $31,000 and he felt like he wasn’t being challenged and wasn’t being mentored. He also knew that he wanted to get into real estate and buy some investment properties. So, in 2006 he decided to go all-in - he gave his two-week notice and started his real estate journey.   

 

We then moved on to discussing how Josh was able to grow his business, year after year, even during the market crash in 2008. He shares that growing up as the youngest of four, in a fairly competitive family, taught him to always be the hardest working guy in the room. His work ethic and his consistency allowed him to grow his business 50% to 100% each year, for the first six years. 

 

Together we then dive into discussing specific tactics that Josh uses in order to drive leads and how much it has changed in the last 15 years. Josh believes that the general idea is always going to be the same. Technology does change it up along the way, but the basic things stay the same. It’s all about building your database, adding value, and following up on leads. Another important part, according to Josh, is your mindset. Because, it doesn't matter how great your database is, or how much you want to sell a $5 million house, if your mindset around that isn't right, then you're not going to do it.

 

We then talk about Josh’s market predictions for the next 12-18 months. He believes that nothing is really going to change in 2021 when it comes to the real estate market. His prediction is that we've got several months of this market before it either softens or interest rates go up. 

 

Josh also shares some advice for any new realtors out there. According to him, the key to winning in today’s market is going back to basics. Building your database, doing open houses, and doubling down on the number of phone calls, handshakes and texts, compared to the market 5 or 10 years ago. The market is moving way too fast at the moment and the best thing for a new realtor might be to join a team for a couple of years and to learn as much as possible.   



Josh then goes on to share some advice for buyers as well. The most important thing for buyers right now is to sit down with a local agent and figure out what exactly is going on in the market at the moment. He also urges buyers to pick their agents carefully, to make sure that they get a full-time agent, a person who sees contracts and offers all the time, somebody that's got experience negotiating. 

 

Lastly, we dive more into the topic of interest rates. Josh believes that there's too much craziness going on in the world and in business right now, but that interest rates won’t experience any major changes this year. While keeping in mind that there are so many variables that go into it, interest rates are currently so artificially low that at some point we have to get back up to normal numbers.

 

Don’t miss this episode of the Just Start Real Estate Podcast with Josh Anderson and learn how to win as a realtor in today’s market by going back to basics!




Notable Quotes:

 

“I'd always wanted to get my real estate license because I wanted to buy some investment properties. And so I kind of just went all in. One day, I came into work and put in my two-week notice. That was my last normal paycheck.”

  • Josh Anderson

 

“I didn't really have any money starting out, so I had to be successful.”

  • Josh Anderson

 

“I'm not the smartest guy in the room but I will outwork anybody if it's something that I want.”

  • Josh Anderson

 

“If you're the smartest person in the room, you're probably in the wrong room.”

  • Josh Anderson

 

“It's the never stopping, getting out there, and showing up every day. That's the mindset that really makes a difference.”

  • Mike Simmons

 

“The most successful people in every industry are really great at consistency.”

  • Josh Anderson

 

“When it doesn't work the first 10 times you do it, you have to be willing to do it the 11th time.”

  • Josh Anderson

 

“I did 23 deals my first year in the business. This past year, we did 255 for about 130 million dollars in volume.”

  • Josh Anderson

 

“Having listings controls the business.”

  • Josh Anderson

 

“I literally follow up with people until they buy or die.”

  • Josh Anderson

 

“In this market, as a buyer or a seller, you're either all in or you're on the sidelines.”

  • Josh Anderson

 

“People do business with people they know, like, and trust. I don't think that ever changes.”

  • Josh Anderson






Links:

Nashville Realty Group Facebook

The Anderson Group Nashville Pinterest

The Anderson Group Real Estate Instagram

Nashville Real Estate The Anderson Group Youtube

The Anderson Group Real Estate LinkedIn

Business Fast Track Blueprint

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months



Direct download: The_Key_to_Winning_as_a_Realtor_in_Todays_Market.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on May 12th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“One of the advantages to investing in several single-family properties is that you can spread out the risk of one particular area going bad so that one area can’t kill your entire portfolio.”

 

“The economies of scale are so much better if you are dealing with one multi-family building with several units in it, rather than several single-family homes.”

 

“The short answer is: hire a coach as soon as possible.”

 

“I tried to do it without a coach, but my mindset and my belief systems and what I thought was possible were completely broken and I didn’t even know it.”

 

“Nothing significant changed for me in my business until I got help.”

 

“In the mentorship group, I finally had access to people who had already built the business I wanted to have.”

 

“Coaching and masterminds are an expense to my company, but it is also an investment.”

 

“If you really want to move forward faster and you really want to understand what it takes to build a business successfully, the best way is to get help from someone.”

 

 

Links:

Business Fast Track Blueprint

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months





For this episode, I welcome a self-storage investing expert, Scott Meyers. Scott is the Founder and Owner of Kingdom Storage Holdings. He is also a leading expert in self-storage investments and owns and operates 3 multi-million dollar businesses. During his career, Scott has been featured on CNNMoney, Forbes, BBC, and many others.

 

Scott first shares his background story and how he got into real estate. After college, Scott started working for a Fortune 500 company. After getting his first paycheck, he started looking for ways to invest, and pretty soon he realized that real estate was the way to go. He bought his first house, fix it up, and rented it out. After that, he bought two more, but he wasn’t able to get the cash flow and the freedom that he expected, so he decided to give apartments a go. After building an impressive portfolio of 400 apartments in 2005, he and his wife decided that it wasn’t worth all the time that they were putting in, and their only two options (without tenants and toilets) were parking lots or self-storage. Today, they are approaching a number of 2.4 million square feet of self-storage and 14,000 doors.

 

We then moved on to discussing how one finds a self-storage facility that is a good investment. Scott explains that with commercial real estate, the value is based upon the net operating income, meaning how much money it brings in after you subtract expenses. Then you apply a market capitalization rate to it and that's how you get the value of commercial real estate. The first step in determining whether or not a self-storage facility is a good investment is looking at all the income sources. Next, you need to figure out what all the expenses are. And finally, you need to have an exit strategy and know how much you can increase the NOI (net operating income) after you purchase it. 

 

Together, we then dive into discussing cap rates applied to self-storage facilities. Scott shares that class A facilities are two to three stories, all temperature-controlled, gleaming facilities that are right on the road in the major metropolitan statistical areas, all electronic; class B: usually single story, maybe on the outskirts, may have asphalt may have gravel, still has security professionally managed; and class C: rural, a little further out, less professionally managed, smaller, older, maybe some obsolete sizes, etc.

 

Scott then talks about the types of facilities that he usually invests in. He usually goes for the C class, buying a facility that's in the path of progress. Approximately a five-acre parcel that’s got buildings on three or four acres, not managed well, the owner hasn't raised rates in ten years because they like to stay full, they don't have a website, and they don't know how to market. He turns them around by reducing the manager's hours or his payroll hours, marketing the heck out of it, raising rates, and then adding buildings onto the additional four and five acres, continuing to raise rates, and eventually, he refinances it or sells it off to a bigger player. 

 

Eventually, we discuss how someone, with no prior experience in real estate, can start with self-storage. Scott shares some good news, which is that when it comes to commercial real estate, banks look more at the strength of the asset than the strength of the borrower. Scott’s advice, for someone who is just starting out, is to bring in somebody, not necessarily to sign on the loan, but just to be a part of the LLC. They could have 2%-3% of the shares in exchange because banks just want to see that you have somebody on your team that has some skin in the game and that you have someone to guide you. 

 

Scott then shares some of his deal-breakers when it comes to buying a self-storage facility. First on his list are facilities that are functionally obsolete, meaning a first-generation facility, built in the 70s or early 80s that is 5’ x 5’ (the most popular size now is 15’ x 10’). Next on his list of deal breakers are rural areas, simply because there is no activity and no competition. Simply put, he is just trying to stay away from the markets where he can't really drive the performance.

 

We also talked about other streams of income, other than the rent of the facility. Scott shares different ways to generate income other than the rent itself. These include a non-refundable move-in fee, renter's insurance, selling locks and moving supplies, and detailing services, for example.

 

Lastly, we discuss the future of self-storage and Scott explains why he believes that self-storage is very recession-resistant and inflation-resistant. He also shares how you can start investing in self-storage properties alongside him and his team, completely passively and still learn about the business while getting an ownership position that includes shares of the LLC, a percentage of cash flow, a percentage of the profits upon a sale, and a percentage of the depreciation.

 

Don’t miss this episode of the Just Start Real Estate Podcast that is filled with amazing advice from a true expert who is not holding anything back on commercial investing, Scott Meyers.  





Notable Quotes:

 

“You know what? The richest people in the world don’t make their money in the stock market, they make it in real estate.”

  • Scott Meyers

 

“In the beginning, it was really just the skillset, understanding the business, and talking to as many people as possible.”

  • Scott Meyers

 

“It takes a village to raise a child and it takes a real estate community to raise a strong self-storage investor.”

  • Scott Meyers

 

“As long as we've got a rockstar team, which we have, and I got air in my lungs, I'm going to continue to create value and move that money.”

  • Scott Meyers

 

“Well, the good news is that banks look more to the strength of the asset than the strength of the borrower when it comes to commercial real estate.”

  • Scott Meyers

 

“If that's what you want, go straight toward that. Don't take a bunch of detours that maybe don't have to be taken.”

  • Mike Simmons

 

“I think that's where people make a lot of mistakes, they just get excited about it and they don't do their homework. They don't know what they don't know.”

  • Scott Meyers

 

“I'll never say self-storage investing is recession-proof or inflation-proof but it is very recession-resistant and inflation-resistant.”

  • Scott Meyers

 

“We don't we don't celebrate pandemics, we don't celebrate recessions, but our industry does extremely well.”

  • Scott Meyers




Links:

Passive Storage Investing

Self Storage Investing Website

Self Storage Investing on Facebook

Scott on Twitter

Scott on LinkedIn

Self Storage Investing on Youtube

Multifamily Live Event

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months



Direct download: How_to_Build_a_Self-Storage_Empire_with_Scott_Meyers.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums last month and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on May 5th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“Seventy percent of the houses I have bought in the last six years have been because the postcard I sent arrived when that seller needed that message.”

 

“The desire to create that business and time-freedom has to be greater than your fear of actually doing it. Or you have to come up with something that scares you more than starting the business.”

 

“The fear of regret and not starting my business became scarier than actually just doing it.”

 

“One great way to build a buyers list is to go to local meetups and REIAs and meet people, shake their hands, and ask them what they need.”

 

“I initially thought that COVID was going to crush the short-term rental property market, but it looks like it is only going to strengthen it in the long run.”

 

“If you look at the history of the real estate market, it always goes up and down.”

 

“I would suggest, as a wholesaler, that you get on the buyers’ list of all the other wholesalers in your market.”

 



Links:

Blitzar Capital Investing Opportunity

7 Figure Flipping

Return on Investments

Just Start Real Estate

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Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months




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