Monday, December 27, 2010
Wayne Palmer Self Storage Deal
Wayne and Robert Kiyosaki discuss a deal for 163 self storage units. Watch how Wayne analyzes how to get into this via the exchange methodology versus straight cash.
Wayne's plan worked for me! I bought a 128-unit storage facility and was able to rent every unit to college students to practice their rock bands in and let them live-in too. Hey, $200 cash per month x 128 equals $25,600 a month. Who needs to run a small apartment complex when you can provide college housing?! "Dirty old cash" is fine with me Wayne, if you don't like it, mail it to me!
Minor point at looking at self storage locations is mobile home owners are not good self storage renters - they dont have any money. Usually they are on a fixed budget, retired and not acquiring possessions. Apartments are great to be next too as well as business/office buildings.
Otherwise good solid information.
Smart people get the most dough. I totally agree with Wayne's view of dealmaking. No matter if it's real estate or buying businesses or doing anything else related to dealmaking. It all makes sense to me. I am doing it myself right now so I know that Wayne's methods work.
Wayne's plan worked for me! I bought a 128-unit storage facility and was able to rent every unit to college students to practice their rock bands in and let them live-in too. Hey, $200 cash per month x 128 equals $25,600 a month. Who needs to run a small apartment complex when you can provide college housing?! "Dirty old cash" is fine with me Wayne, if you don't like it, mail it to me!
Minor point at looking at self storage locations is mobile home owners are not good self storage renters - they dont have any money. Usually they are on a fixed budget, retired and not acquiring possessions. Apartments are great to be next too as well as business/office buildings.
Otherwise good solid information.
Smart people get the most dough. I totally agree with Wayne's view of dealmaking. No matter if it's real estate or buying businesses or doing anything else related to dealmaking. It all makes sense to me. I am doing it myself right now so I know that Wayne's methods work.
Wayne Palmer on Creative Financing
Wayne Palmer on Creative Financing
One of the most creative investors I have ever met, Wayne Palmer explains a bit about some of the deals he is working on. He will be Robert's special guest at our two-day book study in April 2007.Ive invested in Wayne Palmer's National Note of Utah for years. Absolutely the best thing that Ive ever done with my money....and by the way, the seminar I went to was free.$825K times 11% equals $90,750 per year in Net Operating Income (NOI). Less debt service to the 6% lender which is $49,500 leaves net cash flow to the owner of $41,250. That doesn't seem like making money from nothing, that is making money using OPM on a legitimate investment. Very cool!
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