Top Real Estate Investor Chris Salazar is only 23 years old and is the co-owner and founder of Arsenal Properties, a real estate investment company based out of Illinois. Chris has made quite the name for himself in the real estate industry in just his short time being involved. Listen as he tells Joshua how new investors should go about getting into the industry without any funds, discusses the kind of direct mail campaigns and advertising that he does, how he manages to stay within his budget during a “flip” renovation, and so much more. Check it out!
0:01 - Introduction
4:50 - Interview start
6:00 - What led you into real estate?
9:10 - Why did you become a CPA?
11:20 - How important is it to have an accounting background in real estate?
13:00 - What made you want to develop a partnership and how did you choose the correct business partner?
15:30 - Are all of your properties flips? Do you have wholesales, etc..?
16:40 - Where are you based out of?
18:00 - What model do you follow to ensure you stay within your budget?
21:00 - What kind of mistakes have you made flipping houses and what advice would you give to someone looking to do that?
25:45 - Do you still do direct mail?
33:00 - How are you finding multi-family properties that fit your model?
35:00 - What advice would you give for someone looking to create a real estate investment partnership?
36:50 - Where do you see your business going?
38:30 - How has the real estate industry impacted and changed your life?
40:40 - What are your long-term goals financially?
41:40 - What sacrifices have you made to ensure your success?
46:20 - What are some financial sacrifices you’ve had to make to build your wealth?
49:10 - If you could give your younger self 2 pieces of advice what would they be?
51:10 - Last words of advice for the GSD listeners
Websites:
https://www.facebook.com/chris.salazar.566?ref=bookmarks
https://www.arsenalpropertiesllc.com/
https://www.facebook.com/Arsenal-Properties-LLC-1530549403890378/?hc_ref=OTHER
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