342: From Duplexes to a 64-Unit and Self-Storage Millions with Kris Benson

Aug 8, 2019

Ask episode

Chapters

Transcript

Episode notes

From buying duplexes to a self-storage empire! Today’s guest Kris Benson sits down with Brandon and David to talk about his remarkable journey across all kinds of different real estate asset classes.

Kris began with a successful sales career and explains why he transitioned into owning real estate instead. You’ll love Kris’s story about how he built a 64-unit apartment complex (in a cornfield), how he found partners to bring the project to life, and how it all started with one phone call! He also shares why he now invests in self-storage, how he evaluates properties, and why he believes this asset is recession-proof!

Kris provides great advice for raising money and finding your niche, and explains his theory that “deals create deals” as he walks through his journey. This is a fantastic show full of great content.

Download today!

In This Episode We Cover:

Why he transitioned out of a successful sales career
How he got started with a duplex and built up to a large commercial real estate portfolio
How he acquired 20 small multifamily units—and hated it
How he built a 64-unit apartment complex from the ground up
How he got involved in a condo syndication project
How he began finding the right partners to build multifamily projects with
His theory on “deals create deals”
Why he now invests in self-storage
Where to find data on self-storage and REIT’s
Why he believes self-storage is recession-proof
How the best opportunities in his life have come from cold calls to property owners or friends
How he learned his skillset and why he sticks to it
His advice for raising money from others
And SO much more!

Links from the Show:

Learn more about your ad choices. Visit megaphone.fm/adchoices