Data is vitally important in making informed decisions, but it’s not always easy to interpret new information. Today’s guest, Chris Larsen, joins us to share some of the real estate trends that we should look out for when making our next investment moves. In this episode, we get to know Chris and his passion for financial independence and education, which is the basis of his company, Next-Level Income’s mission.
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Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally. To learn more about Trowbridge Law Group LLP, visit our website at www.trowbridgelawgroup.com or follow us on Facebook, Instagram, or Twitter.
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We also dive into some of the top real estate trends that have been sped up by the pandemic. These include migration out of high-density cities to lower density ones as well as the exodus out of high tax states. Not only does Chris shed light on these shifts, but he also helps us understand how they impact different segments of the real estate market. Chris also shares why he and his team are still looking for deals given the current situation and some of the tweaks they have made to their underwriting as a result. Along with this, we discuss why real estate is a get a rich slow game, why anyone can be financially independent, and the importance of understanding how young people consume media. Be sure to tune in today!
Key Points From This Episode:
- Hear more about Chris’ background, his real estate journey, and what he’s currently up to.
- Next-Level Income’s mission and its focus on education and financial independence.
- Chris’s approach to reading and consuming new information.
- An example of how Chris uses new information to help inform his decision-making.
- Unpacking some of the migratory and demographic trends that affect real estate.
- The shifts that are likely to happen at the individual property level.
- Chris’ revised approach to value-add and why he’s going lighter than before.
- Why, even though this is not the best year for multifamily, the fundamentals are the same.
- Some of the underwriting changes that Chris and his team have made since the pandemic.
- The hardest part of syndication and Chris’s advice on preparing for the next downturn.
- A recent business improvement, the biggest contributor to Chris’s success, and giving back.
[bctt tweet=”I really believe that if you have true independence, you can focus on what you are most passionate about in your life. — Chris Larsen” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Chris Larsen
Chris Larsen is the Founder and Managing Partner of Next-Level Income, through which he helps investors become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years. While completing his degree in Biomechanical Engineering and M.B.A. in Finance at Virginia Tech, he bought his first single-family rental at age 21. During his subsequent career in the medical device industry, Chris expanded into development, private-lending, buying distressed debt as well as commercial offices, and ultimately syndicating multifamily properties. He began syndicating deals in 2016, has raised more than $15 million, and been actively involved in over $150 million of real estate acquisitions. In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.
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