JF2580: Why You Should Avoid Handshake Deals at All Costs with Kris Bennett #SituationSaturday
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...
The Best Ever CRE Show · Joe Fairless
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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
Learn more about your ad choices. Visit megaphone.fm/adchoices