EP 193: Self-Storage Secrets to Build Wealth with Guy Varble

Real estate investor and owner of Momentum Wealth, Guy Varble, shares his journey from flipping houses to managing over 10,000 self-storage units, totaling more than $220 million in transactions. He discusses the importance of avoiding cross-collateralization, the recession-resistant nature of self-storage, and how to structure deals to mitigate risk.  Guy also breaks down his unique fund structure, which allows investors to customize their investments across different deals. From converting big-box stores into storage facilities to navigating market headwinds, Guy offers invaluable insights for new and experienced investors.  For real estate agents and professionals looking to grow their passive income through real estate investing, this episode is packed with actionable advice - don’t miss it! Key takeaways to listen to:Learning why cross-collateralization can be a "house of cards" and how to avoid it.Discovering the recession-resistant nature of self-storage investments.Understanding how to structure a customizable fund for diversified real estate investments.Exploring the challenges and opportunities of converting big-box stores into self-storage facilities.Gaining insights into dynamic pricing and how to manage customer expectations in self-storage. About Guy Varble Guy Varble is an accomplished real estate investor with a diverse portfolio that includes self-storage, single-family and multifamily rentals, residential flips and commercial properties. His career is marked by the successful management and transaction of over 10,000 units, totaling upwards of $220 million. Varble"s expertise includes ground-up self-storage developments, transforming big-box stores into self-storage facilities and acquiring and optimizing existing properties.   Varble"s journey in entrepreneurship began before his academic pursuits. He is an alumnus of Westmont College, where he shaped his business insights. This foundation was further strengthened by an MBA from Pepperdine University"s Graziadio Business School. His tenure at Procter & Gamble was instrumental in developing his skills in large-scale operations and budget management, successfully contributing to projects with budgets over $180 million.   Before venturing into real estate, Varble was a Commercial Lender in California. Currently based in Iowa, he skillfully balances a thriving career with a fulfilling family life.  Connect with Guy Varble:LinkedIn - https://www.linkedin.com/in/guy-varble-65422832/Website - www.momentumwealth.fund Get 10% discount on your offering  To connect with Randal and learn more about passive investing, visit www.ridgelineig.com and follow our social media pages below! LinkedIn: Ridgeline Investment Group LinkedIn: Agents Building Cashflow Agents Building Cashflow on Facebook: Agents Building Cashflow Subscribe to our YouTube channel: @agentsbuildingcashflow TikTok: Agents Building Cashflow Instagram: Randal_McLeaird Send us an email: podcast@agentsbuildingcashflow.com