BiggerPockets Podcast 334: Using Other People’s Money to Fund Flips, Multifamily, & Self-Storage Deals With Ben Lapidus

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Self-storage with OPM!

Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money.

Ben has some really great advice for those who want to get into self-storage, including how he began by getting 25 percent of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self-storage space. You also won’t want to miss his strategies regarding choosing a market, his criteria for buying a deal, and his recommendation for brand new self-storage investors (hint: it’s all about size).

You CAN’T miss his mind-blowing technique for negotiating seller financing, where he improves his terms by saving the sellers money on their taxes. Brilliant!

This episode is packed with content, bursting with energy, and full of practical advice for getting into commercial opportunities with other people’s money. We guarantee you will learn a TON.

Download today and buckle your seat belt!

Click here to listen on iTunes.

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In This Episode We Cover:

  • How Ben found real estate after finding success in other business ventures
  • Starting off investing with partners and getting 25% of the deal with none of the risk or capital
  • Why he jumped from SFR to apartments
  • What he learned buying an awful property on his first deal
  • How he put together his first syndication
  • Why he invests in self-storage
  • How he found opportunities while looking for something else
  • How he focuses on his strengths and finds partners to handle his weaknesses
  • How he finds deals in today’s market
  • His criteria for what he needs to see in a market
  • How he mitigates risk when buying self-storage
  • Why he looks for “expansion potential”
  • How he finances his deals
  • The strategy he recommends for newer self-storage buyers 
  • His BRILLIANT tax-saving strategy he uses to save thousands of dollars on seller financing opportunities
  • The one thing he thinks should be taught in school that isn’t
  • How he recommends people improve their people skills and forming connections
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “A lot of top of producers are impatient.” (Tweet This!)
  • “Taxes are such a huge huge piece of your expenses.” (Tweet This!)
  • “You can make a deal work that wouldn’t have worked for a difference in tax rate.” (Tweet This!)

Connect with Ben

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 180,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!


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