Summary
Chris has a net worth of $15 million. Most of is in real estate with a little bit in cash. He is 57 years old and has 33 years of experience in real estate and has been involved in various aspects of the industry, including building, brokerage, condominium conversions, and new construction. After the 2008 crash, he shifted his focus to creative financing and developed the three-payday system, which allows him to get paid multiple times on each deal. He primarily uses owner financing, subject-to deals, and lease purchases to acquire properties.
Chris emphasizes the importance of mentorship and ongoing training in his business, and he believes that leaders and training are key to growing a successful company. Chris shares his experience running a family business and offers advice for those considering it. He emphasizes the importance of having a mission and values that everyone in the company agrees on, which helps reduce conflicts and decision-making challenges.
Chris also discusses his future goals, which include creating experiences and enjoying time with his family. He shares the most fun he's had with money, which is achieving his 30-year goal of building a home in the mountains. Chris also talks about the financial habits he's changed over the years, such as focusing on improving cash position and allocating money to real estate and the company. He highlights the significance of surrounding oneself with the right people and the impact it can have on personal and professional growth.
355: Net Worth Of $6.5M - Finding Balance Between Investing & Spending; When Another Million Doesn't Change Happiness Levels
354: Net Worth Of $5M - Immigrant Day Trading to the American Dream
353: Net Worth of $10M - I Live Better Than A Billionaire
351: Net Worth of $2M+ - Navigating the One More Year Syndrome
350: Net Worth of $350M+ - "The Power of The Human Isn't What You Can Do With Money But Without It"
349: Net Worth of $9M - Coupon Cutting While Ascending to Become a Decamillionaire
348: Net Worth of $12.5+M - I Started As a Janitor
347: Net Worth of $1+M - A Modern Day Gold Digger Who Lost Over $1 million During Covid
346: Net Worth of $17M - From Big Macs to Race Tracks: McDonalds with a Honda to Software with a Ferrari
345: Net Worth of $1.2M - Livin' La Vida Locum Tenen
344: Net Worth of $1.2M - Another $1 million wasn't going to change my life
343: Net Worth of $1.0M+ - A Corporate America Drop Out to Philanthropist
342: Net Worth of $1.3M - I Paid $1,000 For My Worst Meal Ever
341: Net Worth of $3.5M - Former Air Traffic Controller Cashed in His 401k and Risked It All
340: Net Worth of $1.8M - I didn't start until I was 40
339: Net Worth of $51M - The Sequel
338: Net Worth of $51M - Money Loves Speed: I Started With A Magazine Publication in Ecuador
337: Net Worth of $2.1M - The short term sacrifices were worth it
336: Millionaires Unveiled Year in Review
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast