Next Level Income with 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.

In this episode, Chris shares the driving force that got him into real estate. He relates how he started with single-family rentals for many years and eventually moved up to syndication of multifamily properties. He talks about what got him into that strategy and finding deals, raising funds, and property management.

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What you'll learn in just 17 minutes from today's episode:

Learn how to get dialed into your why do you find meaning in what you do
Find out an investment strategy that has less risk but does well revenue-wise
Discover how this investment portfolio makes so much sense from the demographic perspective as well as from the scale aspect

Resources/Links:

Get Chris' book for FREE, 'Next-Level Income: How to Make, Keep, and Grow Your Money Using the "Holy Grail of Real Estate" to Achieve Financial independence'. Download here: https://www.nextlevelincome.com/book

Topics Covered:

01:02 - His professional background before real estate
01:52 - The two most valuable reasons that drive him to focus on real estate
05:55 - Where the influence of having an entrepreneurial mindset came from
10:02 - How to go about syndication
12:51 - What does it look like for him in terms of finding deals, looking for capital partners, and property management
14:13 - How his portfolio looks like now compared to years ago
14:54 - Venturing into larger apartment buildings these days
16:29 - Chris' inspiring words

Key Takeaways:

"If I can get on a track where I can be financially independent, I can really live my best life and do that. So I set this plan in place to be an investor. I bought my first property at age 21. More than two decades ago, I transitioned that portfolio into multifamily real estate commercial which is what we focus on today." - Chris Larsen

"Why we found Next Level Income was to teach people shortcuts to become financially independent. That's the reason why we now syndicate deals, because, obviously, it's a way for us to buy bigger deals and have less risk and do well as general partners." - Chris Larsen

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