My Very First Self-Storage Acquisition: Lessons I Learned and Investing Mistakes to AvoidMy Very First Self-Storage Acquisition: Lessons I Learned and Investing Mistakes to Avoid

Real estate investing can be extremely lucrative but also fraught with risk. This includes the acquisition of self-storage facilities. It’s rare for a transaction to go off without a hitch, particularly if it’s your first one. Many a buyer has looked back and thought, “coulda, woulda, shoulda.” If you’re looking to break into the storage business or expand an existing portfolio, it’s important to know the potential perils of purchasing.  Industry investor Kris Bennett shares what they are in this video, in which he looks back at his first venture and what he learned from it. He walks you through the acquisition, explaining the challenges he faced and what he’d do differently. You’ll hear how he found the asset, the characteristics that made it attractive, the impediments he faced after taking ownership and how he dealt with them. Learn from his mistakes, so you can more successfully navigate your next deal!