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Self Storage Investing – By Scott Meyers, CSSM

Larry Goins — Thu, 05 Aug 2010 14:59:36 +0000

In my Home Study System, I lay out several different ways to raise the cash for the down payment on your self storage facility. But once again I will caution: I DO NOT RECOMMEND OR APPROVE OF 100% FINANCING, OR THE “NO MONEY DOWN” DEALS THAT YOU HAVE SEEN ON TV, OR HEARD OF BY OTHER AUTHORS AND SPEAKERS! In the early stages of my real estate career, most of my single family houses and apartment complexes were purchased with no money down and my entire portfolio was approached a 95% Loan to value ratio at one point. As a result, my cash flow was very tight, and when the rental market went sour after the events of 9/11, I came dangerously close to losing it all, and thought at one point that I may be heading for bankruptcy. Fortunately, by the Grace of God, and by employing the techniques I have learned and outlined in my Home Study System, I was able to turn things around and I was given another chance to learn from my mistakes. This is probably the biggest reason I have a passion for teaching others how to invest wisely, and how to avoid the mistakes that I, and so many others in this industry have made when it comes to over-leveraging their portfolio.

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Opportunities in Records Storage by Scott Meyers

Larry Goins — Fri, 10 Jul 2009 13:42:04 +0000

There are numerous ways that you can delve into real estate investing in the self storage market. Low overhead, high need, multiple opportunities, and low maintenance are just a drop in the bucket of the reasons you would want to check this out.

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My Five Principles to Success in Self Storage (or any business!) by Scott Meyers

Larry Goins — Sat, 13 Jun 2009 12:17:18 +0000

The central focus of my company, www.SelfStorageInvesting.com, is to arm the self-storage investor with the specific tools necessary to identify potential acquisition candidates, to acquire and manage those facilities once they have identified them, to implement sound techniques for creating value, and finally, to capture all of that value through various exit strategies. The process by which all of this can be accomplished rests on five keys that I feel are crucial to success. These keys do not deal with the mechanical processes involved in buying and selling self storage facilities, but are grounded in principles that are fundamental to life itself. These laws deal with the human psyche and govern our thoughts, which in turn, direct our actions.

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Myths and Opportunities - Self Storage Investing – By Scott Meyers, CSSM©

Larry Goins — Fri, 29 May 2009 20:51:29 +0000

Like all other real estate investments, self storage shares the same attractive qualities as residential rentals, apartments, retail strip centers, office buildings, and industrial properties. Those include leverage (borrowed money), tax advantages, passive income, personal control (being your own boss), and appreciation. However, self storage offers a number of benefits that I feel make it such an attractive investment. Those include the following: We are becoming a more transient society, moving around more and

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Introduction to Self Storage by Scott Meyers

Larry Goins — Thu, 21 May 2009 17:49:55 +0000

Self Storage Association Definition: Self Storage facilities are real property designed and used for the purpose of renting or leasing individual storage spaces to tenants who are to have access to such space for the purpose of storing and removing personal property. They offer rental on a month-to-month basis of individual spaces where customers provide their own lock and have sole access to their space.

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Myths and Investment Opportunities in Self Storage

Larry Goins — Thu, 21 May 2009 17:41:43 +0000

Like all other real estate investments, self storage shares the same attractive qualities as residential rentals, apartments, retail strip centers, office buildings, and industrial properties. Those include leverage (borrowed money), tax advantages, passive income, personal control (being your own boss), and appreciation.

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Why is Self Storage Suddenly So Hot!

Larry Goins — Thu, 21 May 2009 17:28:16 +0000

INVESTORS in self-storage stocks finally have some gains to stow away. The four real estate investment trusts that together own and operate about 12 percent of the facilities nationwide -- most of the other properties are mom-and-pop operations -- has soared about 31 percent, on average, this year through Thursday, after finishing 2007 with a nearly 25 percent loss.

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How to Create a Self Storage Business Plan by Scott Meyers

Larry Goins — Thu, 21 May 2009 17:25:34 +0000

Now for many people, the thought of creating a business plan is akin to the fear of public speaking. However, it does not have to be such an unpleasant task, especially since we already have the information. Our personal financial statement, the project due diligence and the market analysis comprise just about all of the information needed.

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FINANCING YOUR SELF STORAGE FACILITY

Larry Goins — Thu, 21 May 2009 17:09:58 +0000

Most types of investments won't allow the use of high leverage using the securities themselves as collateral. This makes real estate investing somewhat unique in its use of financing. The use of leverage in real estate investments is a proven method to accelerate returns and create wealth. But one must be careful not to over-leverage.

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Investment Opportunities in Self Storage

Larry Goins — Thu, 21 May 2009 17:06:37 +0000

Like all other real estate investments, self storage shares the same attractive qualities as residential rentals, apartments, retail strip centers, office buildings, and industrial properties. Those include leverage (borrowed money), tax advantages,

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