Jonathan Farber
#125 with Benjamin Lapidus: Scaling to $125 Million in Assets Under Management
In this episode, Jonathan Farber interviews Benjamin Lapidus on his road from starting real estate with single family rentals as his third career attempt to developing a real estate family that spans several states with a focus on self storage assets. Benjamin is a partner and CFO of Spartan Capital, as well as host of the Best Ever Conference in Denver. In this episode, we get into topics like: finding the right partners for you, building the first deal, finding self storage deals today, and more!
Top Takeaways:
Finding partners that work best with you - 17:00 - 21:15
- Reflect on everything you try - every experience will give you both positive and negative feedback
- The first place to look is people you get along with, but it has to be business first, friends second
- Your goal should be to form a lasting partnership so treat it like any other committed relationship
Constructing your first deal - 23:30 - 25:30
- Start looking for places with high rents, high demand, and an empty spot in the supply web
- Once you find something, be ready to put in more effort than anyone else
- That commitment will prove your value to others in the space and give you something to build on
Finding self storage deals in 2020 - 28:15 - 31:00
- One of the most lucrative deal types has existing storage in operation with room to expand
- The self storage market is pretty small - you can build relationships with every broker
- The wider marketing strategy you try, the greater number of opportunities you’ll find
How to bring value to Benjamin Lapidus:
- Check out the upcoming virtual Best Ever Conference
Resources:
bec2021.com
Social Links:
biggerpockets.com/users/BenjaminL6
ben@spartan-investors.com
@benlapidus
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