In today’s episode, Scott shares his remarkable journey from residential to commercial real estate, and how he's mastered the art of self-storage to achieve financial freedom. From navigating through economic downturns to expanding his ventures internationally, Scott imparts valuable insights on the importance of integrity and transparency in business. He emphasizes the necessity of aligning one's financial endeavors with a greater purpose, a philosophy that his company embodies through their commitment to giving back to communities by building homes in Mexico.
We’ll explore the appealing world of self-storage as an asset class, examining its resilience during recessions, its consistent performance, and favorable cap rates—even amidst the current high-interest rates. With over three decades of syndication expertise, Scott breaks down the nuts and bolts of self-storage units, including why they're a prime investment during times of transition, and the strategies for acquiring and converting properties.
