What You Need To Know About Developing Self Storage Facilities | Marc Kuhn E119

The Rich Somers Report

Rich Somers

Business, Investing

5.0 • 1K Ratings

🗓️ 7 December 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich sits down with the Marc Kuhn - Real Estate Investor, Developer, Contractor. Marc started his construction career with his father in 1994. In 2010 he left his hourly job with $2,500 in his account and started MAK Construction, which has now grown to over $25 million a year. MAK Construction develops commercial projects both 3rd party and investment projects for their investors and since 2018 has added over 200 units in the Midwest. Rich and Marc start off by discussing the frigid winters ...

Transcript

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0:00.0	I was like the amount of dry powder on the sidelines right now is like I think
0:04.3	two and a half trillion and nationwide that's a lot different than it was in
0:11.0	oh wait in the financial crisis.
0:13.0	You know, there's so much capital sitting out there.
0:15.0	What do you think is going to happen to that capital?
0:18.0	Right now they're earning 5% plus 6% at a bank or high yields accounts or buying a bond even. You buy a 10 year bond at 4.5% today.
0:27.2	It's like they're just gonna sit on there, but at some point it's gonna all flip over and I think that's just the difference between
0:34.0	oh wait and now there's just a lot of dry powder on the sidelines.
0:37.8	Welcome to the Rich Shummer's report where we talk real estate, business and
0:42.2	wealth building all while keeping it real.
0:44.4	No fluff, no BS.
0:46.0	I hope that you enjoy the show.
0:47.0	All right guys, welcome to another episode of the reports today. We are back in the
0:57.2	studio and we got some sunshine in the month of November here in San Diego and I am
1:01.1	very excited because we got our monthly beers and deals
1:04.6	real estate meet up two nights here in downtown San Diego and I got a special
1:08.7	guest today I got someone who is investing in self storage units I don't think
1:12.4	I've had a guest on yet that is
1:14.6	investing in self storage units. I got my man Mark Kuhn. Mark welcome to the
1:18.8	show brother. Dude, thanks for having me. I'm grateful to be down in San Diego when it's I'm from North Dakota.
1:25.8	Yeah, man. It's a great place to be.
1:28.0	Beautiful. We got you all the way out here from North Dakota. What's the temperature out there right now?
	...

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