ABOUT CHRIS LARSEN
Christopher Larsen is the founder and Principal of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others 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.
Chris expanded into development, private lending, buying distressed debt as well as commercial office, and ultimately syndicating commercial properties. He began syndicating deals in 2016 and has been actively involved in over $1B of real estate acquisitions. In addition to real estate, Chris owns multiple car wash locations across the Southeast. 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.
THIS TOPIC IN A NUTSHELL:
Chris’s career background and journey in real estate
Transition from the medical device industry to investing
Having an Investor Mindset
About his book: Next Level Income
His “Why” for Investing
Other Investment vehicles that he tried
Getting into Syndication and buying his first property
House hacking and lessons learned on the first deal
How to increase the value of the property
Investing in Syndication as a limited partner
Leveraging HELOC and refinance
Evaluating your exit strategy
Analysis Paralysis and his philosophy with other investments
Getting into the different asset classes of Syndication
Understanding the operation side of the business
Underwriting and Partnership
Hiring the right people on your team
Carwash Syndication model
Processes of the Carwash Syndication and How it Differs from the other asset class
Returns and variables of the Carwash Syndication business
Investor waterfall and holding period for this model
Connect with Chris Larsen
KEY QUOTE:
“Don’t let the analysis turn into paralysis. You don't have to have the perfect strategy and by the way, whatever you're doing today with your real estate strategy, probably it's gonna be a little different from 10, 15, 20 years from now.”
SUMMARY OF BUSINESS:
At
Next-Level Income, we help investors achieve financial independence through education and investment opportunities. We work with those just starting out and needing to find ways to make more money in addition to busy professionals in the prime earning time of their careers that need guidance with tax issues, insurance, and strategic planning to keep their hard-earned money.
Once you are safeguarded and in a good place financially, we will assist you in evaluating the right investment strategies that work for you to develop passive income streams. At Next-Level, we offer education in the form of courses, blogs, a book/audiobook, and a weekly podcast designed to educate and inform professionals and entrepreneurs on how to make money, grow their money, and keep their money.
ABOUT THE WESTSIDE INVESTORS NETWORK
The
Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit
www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit
www.uptownsyndication.com.
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CONNECT WITH CHRIS LARSEN:
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Westside Investors Network