Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!
Herewith tips and insight, is Chris Majors, Investor
Q: Who was your first business mentor?
A: I mostly read books, getting started in my early 20’s and made a ton of mistakes.
Q: Who was your first mentor in real estate?
A: A guy that ended up selling me several garbage properties in in 2006-2007 so I won’t share his name. What I can say is that it got me off the fence and taught me what NOT to do. It helped get me out of my comfort zone and get to know the areas of Augusta I wasn’t familiar with. I appreciate all experiences, particularly the ones that hurt the most. I became a licensed agent in 2009 and Jim Hadden was an agent at our brokerage. He was a house flipper at the time and taught me a ton about representing clients and real estate in general. Now he is my broker and we still talk about real estate and our current deals whenever we see each other.
Q: What is your favorite book?
A: Rich Dad Poor Dad.. for the mindset
Q: What is the best lesson you have learned in real estate?
A: Buy it right. Don’t try to make a deal work just because you need to keep busy or need more units. Real estate is scalable indefinitely when you buy below market value.
Q: How many properties do you own?
A: Less than I need to retire!!
Q: When did you start investing?
Q: Why do you Invest?
A: Trading your time for money and hoping for a pension and social security to take care of you is dead. Investing in real estate is accessible to everyone with the drive and determination to make it happen.
Q: What is the best advice you have received?
A: I’m beating a dead horse, but the best advice for real estate investing is to “BUY IT RIGHT.” This means buy below market value. Super difficult in the current market, so I’m not really finding anything to buy!
Q: Do you have a favorite podcast?
A: BiggerPockets for real estate
Q: Any hobbies?
A: I have 4 kids that are 10 and under.. we play basketball, videogames, fish, swim, and all that fun stuff. My personal “go-to” is to play poker every couple weeks.
Q: What is the best advice you could give someone else?
A: In regards to real estate, EDUCATE YOURSELF. Education can be very expensive or relatively cheap. I made costly mistakes early in my career by buying properties that lost me money. If you can read a book or learn from a mentor, DO THAT INSTEAD.
Q: Is there a place for you where time slows down?
A: A classroom.. LOL
Q: I was introduced to Auben ______.
A: I used to show a bunch of investment houses early in my realtor career listed with Auben and wholesaled some to Conrex through Auben.
Q: If you weren’t investing in real estate you would be_______.
A: Trading Forex or Bartending?
Q: If you were to start over_______.
A: I would have done more during the crash. I sold too many crazy good deals for pennies on the dollar to other people.
Q: I am happy I chose Auben because _______.
A: They’re investor-focused.