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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 8 August 2019

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

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: BiggerPockets Forums Kris's first BiggerPockets Forums Post BiggerPockets Store BiggerPockets Shirts Mindy's BiggerPockets Profile BiggerPockets Money Podcast Buck Construction Apartments.com City Point Capital BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless UpWork Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast,
0:02.0	So that became our first commercial multifamily project.
0:07.5	We built from the ground up a 64 unit apartment complex in Rome, New York, which is in Central New York, and it was the beginning of the light bulb for me.
0:17.6	When that happened, then I realized, oh, okay, this is how you scale a real estate business.
0:23.0	You're listening to Bigger Pockets Radio,
0:26.0	simplifying real estate for investors large and small.
0:30.0	If you're here looking to learn about real estate investing without all the height,
0:34.0	you're in the right place.
0:36.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:42.0	Your home for real estate investing online.
0:45.0	What's going on everyone?
0:46.0	This is Brandon, host of the BigerPockets podcast
0:48.7	here with David the Man Green. What's up David the Man? How you doing? I'm doing really good. the man. green.
0:53.0	What's up David the man?
0:54.0	I'm doing really good.
0:55.0	I actually just got back from Atlanta.
0:57.0	I was recording some real estate stuff for CNN talking about bigger pockets and
1:01.0	house hacking and all these other cool terms like
1:03.0	Burr that you Brandon came up with.
1:05.2	Burr that's awesome well your book is selling really well I know that I was on
1:09.5	an Instagram the other day and there was a poll I'm sure you saw this somebody did a poll and they put
1:13.9	your book and my book and they said which book should I read first did that it was a
	...

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