Bigger Cash Flow Podcast 059: Investing into Self Storage Syndications w/ Kris Benson
Welcome to the Bigger Cash Flow podcast, where each week, we share tips and tricks on how to grow your monthly cash flow and get out of the rat race. We also interview real estate investors and business owners to gain insight into how you too can reach your goals of financial freedom. For more information on investing, real estate, and increasing your overall cash flow, head on over to biggercashflow.com and check out some of the blog posts.
Episode: 059
Title: Investing into Self Storage w/ Kris Benson
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Show notes:
Kris started his real estate investing journey like most investors, after realizing that his W2 was his only stream of income - he wanted to diversify into other streams. From there Kris was able to build a portfolio of 22 units consisting of single family or small multifamily properties all while working his W2 job. After getting to 22 units Kris had a mindset shift, wanting to move into more bigger deals. He was able to segway into a 64 unit ground up commercial deal. After successfully completing this project, Kris knew that he wanted to continue on commercial investing - but had stumbled upon self storage buildings. After diving deeper into self storage he knew that was the asset class he wanted to be in.
Today, Kris is with Reliant Investments as the Chief Investment Officer. Kris leads and manages the company's investment committee, which determines what self storage properties to purchase with their investors. Along with being part of this community, Kris also manages the investor relations securing capital at Reliant Investments.
On this episode you'll learn:
Kris' W2 story and his shift into Real Estate
The mindset shift into bigger deals
Ground up development
Syndication Investing
Why self storage is a strong asset class
Value Add techniques for Self Storage
Investing tips as a limited partner
Contact Info:
Website: https://www.krisbenson.com/
LinkedIn: https://www.linkedin.com/in/kris-benson