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

<p><span style="font-weight: 400;">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. </span></p> <p> </p> <p><strong>Kris Bennett</strong> <strong>Real Estate Background:</strong></p> <ul> <li><span style="font-weight: 400;">One of two self-storage managing partners at PassiveInvesting.com</span></li> <li><span style="font-weight: 400;">14 years of CRE investing experience</span></li> <li><span style="font-weight: 400;">Recently closed a 15k sf. self-storage facility and adding another 150 units, or 22,000 sf of climate-controlled units</span></li> <li><span style="font-weight: 400;">Under contract on 2 self-storage facilities in NC and CO totaling $18 million in price</span></li> <li><span style="font-weight: 400;">Based in Vacaville, CA</span></li> <li><strong><span style="font-weight: 400;">Say hi to him at: PassiveInvesting.com</span></strong></li> </ul> <p> </p> <p> </p> <p><strong>Click here to know more about our sponsors:</strong> <a href= "https://www.realestateaccounting.co/cfo/?utm_source=joefairless"><span style="font-weight: 400;"> Real Estate CFO Services</span></a> <span style= "font-weight: 400;">|</span> <a href= "http://www.thinkmultifamily.com/coaching"><span style= "font-weight: 400;">ThinkMultifamily.com/coaching</span></a> <span style="font-weight: 400;">|</span> <a href= "https://trustrentify.com/"><span style= "font-weight: 400;">Rentify</span></a></p>