Next Level Income with Demographic Trends in Multifamily with Chris Larsen
Chris Larsen, multifamily investor and the founder and managing partner of Next-Level Income, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Chris Larsen got his start in real estate investing with a house hack during college. He’s since grown into investing in large multifamily syndications. Chris talks about how he uses demographics to identify investment opportunities, and how he uses the infinite banking concept to build wealth.
Key Lessons Learned: The same demographic trends with aging Baby Boomers that led to the growth of the medical devices industry are also driving the growth in multifamily, plus the Millenials.
How did they acquire their knowledge or what knowledge did they need to acquire? He had to learn to analyze the data behind the demographics and he had to learn how to evaluate different multifamily operators.
How much money did it take to get started? He purchased an owner-occupied home that he house hacked in college for $3,000 down.
How much time does it take now? It depends on what stage of the process he is in. On average, he spends about 10 hours a week working on his syndication business, unless he’s in the middle of a capital raise, and then it’s a lot more.
Could they do this strategy from anywhere in the world? It would take an adjustment but yes.