JF2580: Why You Should Avoid Handshake Deals at All Costs with Kris Bennett #SituationSaturday

Best Real Estate Investing Advice Ever

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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

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