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JF2580: Why You Should Avoid Handshake Deals at All Costs with Kris Bennett #SituationSaturday

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Manage episode 303106028 series 109682
Konten disediakan oleh Joe Fairless. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Joe Fairless atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang dijelaskan di sini https://id.player.fm/legal.

When Kris Bennett made a deal with a “mom and pop” self storage building, he had no idea the headache it would cause and the money he’d lose just to get out of it. Today, Kris tells us about the due diligence tasks and time period required for self storage units, the warning signs to look for before making a deal, and how he got out of this sticky situation.

Kris Bennett Real Estate Background:

  • One of two self-storage managing partners at PassiveInvesting.com
  • 14 years of CRE investing experience
  • Recently closed a 15k sf. self-storage facility and adding another 150 units, or 22,000 sf of climate-controlled units
  • Under contract on 2 self-storage facilities in NC and CO totaling $18 million in price
  • Based in Vacaville, CA
  • Say hi to him at: PassiveInvesting.com

Click here to know more about our sponsors: Real Estate CFO Services | ThinkMultifamily.com/coaching | Rentify

  continue reading

3550 episode

Artwork
iconBagikan
 
Manage episode 303106028 series 109682
Konten disediakan oleh Joe Fairless. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Joe Fairless atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang dijelaskan di sini https://id.player.fm/legal.

When Kris Bennett made a deal with a “mom and pop” self storage building, he had no idea the headache it would cause and the money he’d lose just to get out of it. Today, Kris tells us about the due diligence tasks and time period required for self storage units, the warning signs to look for before making a deal, and how he got out of this sticky situation.

Kris Bennett Real Estate Background:

  • One of two self-storage managing partners at PassiveInvesting.com
  • 14 years of CRE investing experience
  • Recently closed a 15k sf. self-storage facility and adding another 150 units, or 22,000 sf of climate-controlled units
  • Under contract on 2 self-storage facilities in NC and CO totaling $18 million in price
  • Based in Vacaville, CA
  • Say hi to him at: PassiveInvesting.com

Click here to know more about our sponsors: Real Estate CFO Services | ThinkMultifamily.com/coaching | Rentify

  continue reading

3550 episode

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