The Impact Of Building Networks And Connections In Real Estate Growth - George Fitz
04/19/22 • 33 min
Despite a high-paying job, our guest George Fitz thought that getting into real estate would be the best thing to do for his future. In this episode, we’ll be diving into what makes self-storage better than multifamily and the vital role of networks and connections in growing in this business.
WHAT TO LISTEN FOR
Why do highly-paid individuals get into real estate?
Disadvantages of operating your own multifamily business
Tips for ensuring you’re buying a good self-storage property
The importance of knowing people when finding deals
Advice for investors who are new to the self-storage space
RESOURCES/LINKS MENTIONED
Who Not How by Dan Sullivan | Paperback https://amzn.to/3lGWoDf & Audiobook https://amzn.to/3GiLop2
ABOUT GEORGE FITZ
George Fitz is one of our incredible mentors and is responsible for assisting a number of our clients in purchasing their very first self-storage facility, as well as growing and scaling an existing portfolio. Born and raised in the small mining town of Hazard, Kentucky, he went on to get a degree in film from Northwestern University. He later moved to California and began investing in beachfront condos, single-family, and multi-family rentals, and eventually in self-storage where he has experienced a great deal of success. But his greatest achievements are in giving back to his local community by contributing to the local theater, other groups that support domestic violence, the Shriners, and children's suffering and poverty. Eventually, he found an IT consulting business, which is truly his passion but credits self-storage for allowing him to create his dream company. And we are thankful that George takes the time to mentor our clients and for sharing the blueprint for making their dreams a reality with self-storage as the engine to make it all happen.
CONNECT WITH US
Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/
Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.
Despite a high-paying job, our guest George Fitz thought that getting into real estate would be the best thing to do for his future. In this episode, we’ll be diving into what makes self-storage better than multifamily and the vital role of networks and connections in growing in this business.
WHAT TO LISTEN FOR
Why do highly-paid individuals get into real estate?
Disadvantages of operating your own multifamily business
Tips for ensuring you’re buying a good self-storage property
The importance of knowing people when finding deals
Advice for investors who are new to the self-storage space
RESOURCES/LINKS MENTIONED
Who Not How by Dan Sullivan | Paperback https://amzn.to/3lGWoDf & Audiobook https://amzn.to/3GiLop2
ABOUT GEORGE FITZ
George Fitz is one of our incredible mentors and is responsible for assisting a number of our clients in purchasing their very first self-storage facility, as well as growing and scaling an existing portfolio. Born and raised in the small mining town of Hazard, Kentucky, he went on to get a degree in film from Northwestern University. He later moved to California and began investing in beachfront condos, single-family, and multi-family rentals, and eventually in self-storage where he has experienced a great deal of success. But his greatest achievements are in giving back to his local community by contributing to the local theater, other groups that support domestic violence, the Shriners, and children's suffering and poverty. Eventually, he found an IT consulting business, which is truly his passion but credits self-storage for allowing him to create his dream company. And we are thankful that George takes the time to mentor our clients and for sharing the blueprint for making their dreams a reality with self-storage as the engine to make it all happen.
CONNECT WITH US
Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/
Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.
Previous Episode
Basics Of Asset/Property Management - Kathryn East
We connected with Kathryn East to learn insider tricks and trades within her wheelhouse. Hear her talk about strategies to drive net income faster, robust market analysis processes, and metrics to help you gauge a facility’s health and overall performance. Pull out your pen and paper and start jotting down notes.
WHAT TO LISTEN FOR
The primary role of an asset manager
Best ways to follow during the underwriting process and before purchasing a property
Market analysis techniques
Insights on finding quality people who can fulfill business goals
Strategies for finding markets and value creation
RESOURCES/LINKS MENTIONED
City Data https://www.city-data.com/
World Population Review https://worldpopulationreview.com/
ABOUT KATHRYN EAST
Kathryn is a wonderful Mentor/Coach with the Self Storage Investing Team and owner of Sopapta, LLC, who helps new storage owners valuate and define facilities to fit their goals. Kathryn is also an Operations Specialist specific to self-storage with 13 years of experience in the industry from ground level to ownership. She is an experienced Executive Director with a demonstrated history of working in the executive office industry. She is skilled in Negotiation, Business Planning, Operations Management, Microsoft Word, and Coaching. Strong business development professional with a vast knowledge of the Storage Industry.
CONNECT WITH KATHRYN
LinkedIn: https://www.linkedin.com/in/kathryn-east-22859564/
CONNECT WITH US
Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/
Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.
Next Episode
Leveraging Insurance Policies For Business Capital - Steve Parisi
In business, capital is everything, so we always have to find new ways to acquire it. In today’s episode, Steve Parisi joins us to discuss using insurance policies to fund an investment. Make sure to hit that play button to learn the advantages of cash value life insurance and its vital role in building capital, and the disadvantage of utilizing it that you need to know.
WHAT TO LISTEN FOR
How much cash can you access from a policy?
Different tax benefits or tax consequences from an insurance
A unique strategy to leverage insurance for wealth growth
What is the biggest drawback of whole life insurance?
RESOURCES/LINKS MENTIONED
Becoming Your Own Banker by R. Nelson Nash | Paperback https://amzn.to/3PH2gKA& Audiobook https://amzn.to/3lKRLs4
Bank on Yourself by Pamela Yellen | Paperback https://amzn.to/3MMYZre & Audiobook https://amzn.to/3z01rXx
Ready, Fire, Aim by Michael Masterson | Paperback https://amzn.to/3lFID85 & Audiobook https://amzn.to/3zfVgyL
$100M Offers by Alex Hormozi | Paperback https://amzn.to/3LNllYt & Audiobook https://amzn.to/3PBwj6m
ABOUT STEVE PARISI
Steve Parisi has been in the financial services industry since 2011 after graduating from Moravian College. He began in Medicare and Final Expense Insurance, but seeing it was not a good fit, moved on to a role as a Case Designer for High Cash Value life insurance policies at an individual planning firm. Two years later, Steve transitioned into a role where he modeled High Cash Value policies for corporations. In 2015, Steve began an independent venture and started his company, IBC Global Inc. Starting out in a garage with two desks and one part-time assistant, he was focused on helping individuals set up High Cash Value policies. He quickly discovered a need in the industry that more agents are essential who are interested in helping their clients, instead of gaining a high commission. Due to his tireless determination, the company produced $115,000 in revenue that year. IBC Global Inc. has grown into a full-functioning professional office with over 40 W-2 employees. The company continues to hold the same high standards of education, prompt and thorough service, and a follow-up process second to none. While being highly dedicated to his work, Steve always manages to have quality time with his wife, Tara, and dogs. He also is a runner and gives priority to his volunteer work where he educates his neighbors about the Bible.
CONNECT WITH STEVE
Website: https://ibcglobalinc.com/
Email: [email protected]
Facebook: https://web.facebook.com/IBCglobalinc/
YouTube: https://www.youtube.com/c/ibcglobalinc
Twitter: https://twitter.com/ibcglobalinc
Linkedin: https://www.linkedin.com/company/ibcglobalinc/
CONNECT WITH US
Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
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