Understanding Self Storage w/ Ben Lapidus, Partner @ Spartan Investment Group
Manage episode 359395407 series 3462337
Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.
We are your hosts, Pascal Wagner & Mike Klein, and today we are interviewing Ben Lapidus, CFO of The Spartan Investment Group and we're diving into:
- What makes Self Storage an interesting investment to consider in your portfolio
- How some of the best funds operate
- And why you should consider Spartan Investment Group as a fund to invest in
With that said, let’s get to it!
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Links from this episode:
- If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
- Watch the show on YouTube here: https://www.youtube.com/watch?v=e8oTTvNff6w
Links from our Guest
- https://twitter.com/BenLapidus
- https://www.linkedin.com/in/blapidus/
- https://www.instagram.com/benlapidus/
- https://spartan-investors.com/
Time Stamps:
00:00 - Intro
00:21 - What's self-storage? and success stories in the industry.
01:00 - Ben explains the concept of cap rates and how they are used in real estate investment.
02:00 - Ben discusses the potential for a home run experience in self-storage investments
03:00 - Ben explains that while real estate investments are low risk, they also have lower returns compared to venture capital investments.
05:00 - Why real estate is a potentially strong investment because of future supply and demand?
06:00 - Why self-storage is a fundamentally strong asset class?
12:00 - The challenges of self-storage
14:18 - How Ben got into self-storage
16:00 - The importance of investing in self-storage facilities
17:00 - The difference between primary, secondary, and tertiary markets in the context of self-storage facilities.
19:41 - How Ben became an expert
20:35 - Ben's typical day
22:41 - How many deals per day and the margin
27:57 - The collateral of self-storage
32:13 - Ben's strategies
32:21 - Ben's due diligence process and best questions
41:38 - What's full cycle and what can get sideways?
43:00 - The importance on having a game plan
49:46 - Ben discusses Spartan Investment Group's three funds: a private debt fund, an income fund, and a growth fund
51:45 - Outro
34 episod