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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI126: Three Self-Storage Facilities by 24 w/ Connor Gross

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 13 June 2022

⏱️ 61 minutes

🧾️ Download transcript

Summary

Robert Leonard brings back Connor Gross to talk all about investing in self-storage facilities as a young, and new, real estate investor. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 14:00 - How to get started without any real estate experience. 28:51 - How to pick markets to invest in. 31:22 - Why self-storage is an asset class. 44:38 - How to estimate CAPEX items on a self-storage facility. 54:23 - Mistakes to avoid in self-storage. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Related episode: Listen to REI110: Ecommerce Exit to Real Estate Investor w/ Connor Gross, watch the video. Related episode: Listen to REI077: Masterclass on Self-Storage w/ Nick Huber, watch the video. Related episode: Listen to REI108: Mastering Self-Storage & Commercial Real Estate w/ Paul Moore, watch the video. The Next Generation Podcast. A new newsletter all about house hacking. Learn about TIP’s Investing Starter Packs on real estate. Gary Keller’s book The Millionaire Real Estate Investor. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert (@therobertleonard): Website | Instagram | Twitter Connect with Connor: Twitter  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.2

Oh, man. Okay, this is actually a pretty good story. So we, all before we purchased, like the closing got extended by like an extra seven days on this property. And so not only did we get the quotes before, we like agreed and told him to get started before we even started closing. And like, we didn't totally even check in on that with like the previous owners. We're just like, nah, man, like, go ahead and get started, which in hindsight, we should have communicated way better.

0:26.3

In this week's episode, I bring back Connor Gross to talk all about investing in self-storage

0:31.5

facilities as a young and new real estate investor. Conor Gross is a successful entrepreneur in the real estate and e-commerce

0:39.4

industries and co-host of the Next Generation podcast. He has acquired over 50,000 square feet of

0:45.9

self-storage facilities and has over 275 units under management without any outside capital.

0:52.7

I heard from y'all that you enjoyed Connor's last appearance on the show,

0:57.0

and he said you guys reached out to him the most out of any podcast he's been on.

1:02.1

So I'm bringing him back today to chat again.

1:05.3

And while we're on the topic of reaching out to guests on the show,

1:08.5

I want to give you all a big shout out.

1:10.3

When you guys reach out to the guests that we have on the show. I want to give you all a big shout out. When you guys reach out

1:11.1

to the guests that we have on the show, that shows them they're getting a lot of people from

1:16.3

being on the podcast. And that allows us to bring those guests back on and to continue to bring on

1:22.0

other great guests in the future. So I wanted to give you all kudos for doing such a great job of that and to ask you guys

1:29.4

to keep doing it. If you like the guests, reach out to them and let them know that you heard

1:33.4

them here on the Real Estate 101 podcast. I also mentioned a few episodes back that we'd have a

1:39.4

bit more informal and conversational episodes. This is one of them. I hope you guys enjoy it. Let's dive

1:45.4

right in.

1:49.6

You're listening to Real Estate Investing by the Investors Podcast Network, where your host, Robert

1:55.3

Leonard interviews successful investors from various real estate investing niches to help

2:00.6

educate you on your real estate investing journey.

...

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