By Jon Farling
5
1414 ratings
The podcast currently has 68 episodes available.
Cody Baker from Baker Capital Partners joins the podcast to discuss the intricacies of lending, particularly focusing on SBA loans and their benefits for first-time buyers in self-storage. He explains how SBA loans can serve as a low-barrier entry point into commercial real estate, emphasizing the importance of maintaining as much equity as possible in initial deals.
Cody also talks about the various loan products available to seasoned investors, highlighting credit union debt, life company debt, and CMBS loans as top options.
Throughout the conversation, he shares insights on the current state of the market, the impact of interest rate fluctuations, and the significance of having a solid business plan to navigate potential hurdles. With a wealth of knowledge and experience, Cody positions himself as a valuable resource for anyone looking to navigate the complexities of financing in the real estate space.
This episode will provide you with a comprehensive overview of the commercial lending landscape, especially in relation to self-storage investments. He shares his journey in the lending sector, emphasizing the evolution of loan products and the shifting market dynamics influenced by recent federal interest rate changes.
Cody offers listeners a detailed exploration of different financing options, including the nuances of SBA loans and how they can be leveraged effectively for real estate investments. He discusses the critical role of a well-prepared business plan and the importance of understanding lender expectations, particularly for newer investors.
Additionally, Cody shares real-world examples of client experiences, illustrating the common pitfalls and strategies for success in securing financing. His insights into navigating the complexities of the lending process provide valuable guidance for both emerging and established investors looking to enhance their portfolios.
Takeaways:
www.Storage-Vault.co
[email protected]
Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.
The Do More Podcast
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As some of you may know, Cubby Storage Software Solutions is a ground-breaking Self Storage software that's changing how operators run their business.
Jon welcomes Tully Hannon, the founder of Cubby Storage Software Solutions, to the podcast, where they talk about Tully's remarkable journey from being a passionate distance runner to an innovative entrepreneur in the self-storage industry.
Tully shares his inspiring story of discovering his athletic prowess in high school after being cut from the soccer team. Under the guidance of his cross-country coach, he not only excelled in running but also developed a deep passion for the sport, eventually becoming a multi-time All-American in college.
However, his aspirations were challenged when he faced a severe injury that forced him to redefine his identity beyond being just a runner. Tully reflects on the mental and emotional challenges he faced during this transition, emphasizing the importance of having a support system and finding new outlets for his competitive spirit, such as cycling and CrossFit.
As the conversation shifts to Cubby, Tully outlines how the company aims to revolutionize facility management in the self-storage space. He discusses Cubby’s unique approach to customer needs, leveraging feedback from operators and quickly iterating on product features.
With a focus on user experience, Cubby offers innovative solutions that streamline the renting process for tenants and provide operators with deeper insights into their marketing efforts. Tully emphasizes the significance of clean data and effective reporting, which are essential for operators looking to grow their businesses.
Top Takeaways:
You can reach Tully at [email protected]
Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.
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Kris Bennett shares his journey from a challenging start in real estate to successfully managing significant self-storage deals, ultimately reaching a portfolio worth $130 million.
The discussion with Kris Bennett paints an insightful picture of the journey from a non-traditional college student to a prominent figure in the self-storage investment sector. Kris begins with his late entry into college at the University of North Carolina, where he juggled the responsibilities of being a father and a student.
His unique perspective on education and life experiences shaped his approach to real estate investing. Kris's initial foray into the industry during the 2008 recession was marked by hardship and disillusionment, as he dealt with the challenges of foreclosure work. This experience, while difficult, ultimately propelled him toward a more fulfilling career in multifamily and self-storage properties.
Kris elaborates on the importance of mentorship, networking, and education in his career trajectory. His time managing a real estate fund at UNC provided him with invaluable insights and connections that would later prove instrumental in his success. He shares stories of pivotal moments that led him to focus on self-storage, emphasizing the asset class's potential for stability and growth.
The conversation also highlights the critical nature of partnerships in real estate, with Kris reflecting on both successful collaborations that fueled his growth and lessons learned from partnerships that fell short. He draws attention to the necessity of aligning interests, expectations, and values among partners, a theme that resonates deeply in his experiences.
Looking to the future, Kris expresses a deep commitment to growing his podcast, aiming to educate and empower others in the real estate space. He shares his vision of providing valuable content that simplifies complex investment concepts, making them accessible to a broader audience.
As Kris navigates the current economic landscape marked by rising interest rates and market fluctuations, he remains optimistic about the future of self-storage investing, advocating for adaptability and creative financing strategies as key components for success. His journey embodies the spirit of perseverance, adaptability, and the pursuit of knowledge, inspiring listeners to embrace their paths in the often unpredictable world of real estate.
Top Takeaways:
Links referenced in this episode:
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John Lindsey comes from a family that's been involved in Self Storage for decades and he now owns a Self Storage brokerage. Tune in to hear his story, his take on the market, and where it's going.
The Do More Podcast
There are a bunch of gurus selling courses on how to get started in Real Estate Investing. In this show, Jon breaks it down to show how to get started and how easy it really is.
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While Real Estate is a great vehicle to invest, M.C. Laubscher give us examples of alternative investments that you probably haven't thought of. Make sure to check out the show and M.C.'s books.
CashFlowNinja.com
Getwealthyforsure.com
CashFlow Ninja Podcast
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While everyone talks about finding deals and raising money, most never discuss the operations of the deal. Ian Bishop details how important it is to develop the people around you, become a great leader, and many other topics relating to growing and improving your business. Make sure to check this one out!
MyOpsAcademy.com
IG: therevopscoach
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At just 19 years old Ryan Campbell became the youngest person to fly solo around the world. Two short years later he had a life-altering incident that he discusses on the show and is now a widely-known keynote speaker. Make sure to tune in to hear his entire story and what his next chapter is.
The Do More Podcast
Why are you playing small? We all do it and have different reasons. Follow Jon along in this episode to see if you can relate to those reasons and how to overcome.
The Do More Podcast
We want to thank everyone for listening over the past year and this episode breaks down the top 5 traits of our successful guests that have come on the show. These 5 traits are what make our guests successful as well as most people in all walks of life. If you're enjoying the show, please make sure to rate it and share it. Thanks for listening!
The Do More Podcast
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