EP699: New Opportunities: The Shift From Single-Family To Self-Storage

In this episode, Scott Smith reveals his pivot from investing in single-family rentals using different strategies to self-storage facilities and the various reasons for doing it. If you’re a residential real estate investor who wants to land big deals in the commercial industry, you’ve got to hear Scott’s approach and mindset. Tune in!   KEY TAKEAWAYS How to test the waters of a real estate niche effectively A not-so-ideal investing strategy for cash flow-driven newbies Breaking down Scott’s first ever self storage deal Why it’s crucial to set a clear vision and update it regularly Upfront advice for real estate investors and entrepreneurs   RESOURCES/LINKS MENTIONED Armando Montelongo Profits First by Mike Michalowicz | Kindle and Hardcover  Michael Wagner Lifeonaire MLS LoopNet Crexi  Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and Paperback The 4-Hour Workweek by Timothy Ferris | Kindle and Hardcover    TWEETABLES “If you want something, you just have to go out and get it.” - Scott Smith “Stop waiting for things to be perfect before you act.” - Alex Pardo   ABOUT SCOTT SMITH Scott is an investor and managing real estate broker at Real Time Investments, LLC. He is also a Lifeonaire Titanium Member. His company focuses on buying, rehabbing, and selling distressed residential homes in Central Texas, primarily in Waco and Austin.    CONNECT WITH SCOTT Facebook: Scott Smith    ASCEND Don’t Wait To Enjoy Your Life, Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:   🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ https://www.flipempire.com/podcast   📺 SUBSCRIBE TO ALEX PARDO’S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don’t Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/   FOLLOW ALEX ON:   ★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo ★ YOUTUBE → https://www.youtube.com/alexpardo ★ TIKTOK → https://www.tiktok.com/@alexpardo25    ASK ALEX A QUESTION:   Have a question you want to feature in an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!