Ep #18: Diversify Investments with Multifamily and Storage with Spencer Hilligoss

In this episode, Wayne talks to Spencer Hilligoss.  Spencer is an active syndicator, real estate investor, and co-founder of Madison Investing.  He started his career building high-performance teams across the technology sector and, in 2021, was a member of the Forbes Real Estate Council.  Madison Investing has over 6000 units and over $800M in total acquisitions in multifamily and storage units. 

Today's topics include:

• You have to take stock of your reality to find the deals you are looking for.
• You have to honestly know and vet your potential partners before you do a deal with them.
• Storage units are a recession resistance asset class.
• Traffic count and visibility to the road are significant components of a good self storage unit.
• Radius+ website is a great way to compare occupancy of storage units.
• Value can be added to storage units by cleaning up operational inefficiences and renovating the facility.
• Local resources are the best way to get an idea of what other self-storage units are going for in an area.
• Looking at real deals are one of the best ways to educate investors.
• Real Estate forms like Bigger Pockets have great hidden resources.
• When you invest in real estate, you have to take care of your tenants to create long term relationships with them.