Syndicating Self Storage Facilities With A Full-Time Job with Brandon Hicks

Brandon began his real estate investing journey in 2020, making several investments in his first year. He is a limited partner in 203 doors with multifamily and a general partner in a 58k sqft self-storage facility.

A problem solver at heart, Brandon has a bachelor’s degree in mechanical engineering and has worked in the Consumer Electronics industry for over 8 years, specializing in new product development. He brings this passion for solving problems into the real estate space, focusing on acquiring off-market self-storage facilities. Brandon lives in Massachusetts with his wife, Shelby, and their dog Harper.

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During this episode, you will learn about:

[01:11] A bit about Brandon Hicks and how he started in real estate

[03:24] Why Brandon settled for commercial real estate and not other forms of investment

[05:09] How Brandon’s business looks like on a daily basis

[07:10] Tricks Brandon uses to locate and connect with owners who are selling off-market properties

[09:44] Fiverr and how you can outsource people for your company

[10:50] A walk through one of Brandon’s deals- How he located it, closed and operated

[13:40] Benefits of a self-storage facility

[15:55] The difference between apartment underwriting and self-storage underwriting

[17:45] Brandon's advice and costly mistakes you should avoid in RE investing

[21:03] How to balance work and life and ensure both are thriving

[24:03] How to build successful self-storage like Brandon’s, with a limited amount of time

[26:09] How you can scale the business to the next level and even make more money 

[28:30] With just $100, how would Brandon leverage it to make money ASAP?

[30:40] The best moonlighting book that Brandon recommends

[33:06] How you can reach out and connect with Brandon

Notable Quotes: 

• Finding the seller is a great real estate strategy because cutting middlemen lowers costs.
• Simple activities in real estate can give you a big momentum. 
• Be open-minded and willing to learn before you start your real estate investing journey. 
• It’s easy to miss out on great opportunities because of a limited belief system. 
• Coaching is always a good idea. It shortcuts your learning curve.