On this week's show, Larry invited Mike Wagner of The Storage Rebellion. Mike bought his first house in February of 2007. Mike has systematically purchased twelve additional houses and one commercial apartment building along with two self storage facilities.

More importantly, he learned that life is far better when you master your money instead of unconsciously letting your money master you. Their mission is to lead others toward a life of freedom that comes with re-learning some important things about money, redefining what success looks like, and implementing a proven plan to help people achieve success.

In this episode, Mike shared different ways to do self storage, different ways to look at it, and different ways to structure the deals.

Topics:

• Who Mike Wagner is

• How he got into real estate

• How he discovered self storage

• Different ways to do real estate

• What his business looks like now

• On buying self storage facilities

• On selling their property

• New IRS regulation regarding opportunities

• His criteria for self storage

• Analyzing self storage by the numbers

• His remote management structure

• On having a fence and a gate

• On funding the deal

• Determining the geographic location you want to focus on

• On finding deals

• His advice to those who want to get into self storage

Quotes:

• "The better questions you ask, the better answers you're going to get and the more successful you are."
• "If we don't define success for ourselves, we'll end up chasing somebody else's definition."
• "Our success as individuals will depend on how much we help other people succeed."