Why You Need to Change Your Investing Mindset w/Chris Larsen
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Episode Description
Welcome to the Freedom Point Real Estate podcast! Jeremy Dyer welcomes back Chris Larsen to the show to share more of his wisdom and experience on deciding which asset classes to pursue, setting goals and taking action, and balancing work and personal life.
Christopher Larsen is the founder and Principal of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others 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. Chris expanded into development, private lending, buying distressed debt as well as commercial office, and ultimately syndicating commercial properties. He began syndicating deals in 2016 and has been actively involved in over $1B of real estate acquisitions. In addition to real estate, Chris owns multiple car wash locations across the Southeast. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.
CONNECT WITH CHRIS LARSEN!
Website: https://nextlevelincome.com/
LinkedIn: https://www.linkedin.com/in/nextlevelincome/
Instagram: https://www.instagram.com/thenextlevelincomeshow/
Get his FREE book! https://nextlevelincome.com/book/
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Define Your Investment Goals Before Diversifying
"The first thing is you have to say, okay, what are your goals?"
Before diving into alternative investments, it's crucial to establish a clear vision for your financial future. Chris emphasizes that not all asset classes are suited for every investor—what works for him may not work for someone just starting. The key is to evaluate your risk tolerance, desired level of involvement, and long-term objectives before deciding on real estate, stocks, or private lending.
Tip #2: Follow Demographic Trends for Smart Investments
"I’m a big fan of following investments that have great demographic tailwinds."
Successful investors don’t just chase high returns—they analyze long-term trends. Chris explains how demographic shifts influence real estate markets and investment opportunities, from multifamily housing to medical office spaces. Identifying industries with steady demand ensures more resilient and profitable investments.
Tip #3: Balance Passive Income with Appreciation Potential
"I like investments that have an income component as well as an appreciation component and the ability to have some control over that value."
Chris highlights the importance of choosing investments that generate steady income while also appreciating in value. This dual strategy creates financial security while allowing for wealth accumulation. Real estate, for instance, offers rental income and long-term equity growth, making it a solid choice for many investors.
Tip #4: Vet Sponsors Before Partnering in Private Investments
"Understand how long they’ve been in business, if they’ve taken deals full cycle, and what type of financing is in place."
When investing in multifamily real estate or other private assets, thorough due diligence is essential. Chris advises potential investors to ask key questions about sponsors' track records, risk management strategies, and financial assumptions. A good sponsor should provide transparent data and realistic projections.
Tip #5: Don’t Let Fear of Missing Out (FOMO) Dictate Decisions
"Don’t be afraid of missing out…take your time and educate yourself."
Investment opportunities can be enticing, but rushing into them out of fear can be costly. Chris urges investors to spend time researching and understanding markets rather than making hasty decisions. A well-researched, strategic investment is far more valuable than jumping on the latest trend without due diligence.
Tip #6: Diversify to Mitigate Unforeseen Risks
"Regardless of what you do, make sure you have some degree of diversification."
From economic downturns to unexpected crises like COVID-19, diversification helps investors weather uncertainty. Chris discusses how spreading investments across different asset types—such as real estate, private lending, and equities—creates a more resilient financial foundation.
Tip #7: Time Management is Key to Work-Life Balance
"Schedule the most important things first, both personal and business, and let the rest fill in itself."
As an entrepreneur and father, Chris prioritizes his time by scheduling personal and professional commitments in advance. He recommends creating a structured weekly plan that includes non-negotiable family time, business goals, and self-care routines. This disciplined approach prevents work from overtaking personal life..
Tip #8: Delegate Tasks to Maximize Productivity
"Find those $15-an-hour tasks and don’t do them yourself."
High achievers often struggle with delegating, but Chris insists that outsourcing low-value tasks is crucial for scaling success. Whether it’s hiring help for household chores or leveraging virtual assistants for administrative work, freeing up time for high-impact activities leads to greater efficiency and focus.
Tip #9: Align Investments with Economic Cycles
"If a sponsor says rents will go up 5% a year for the next decade, I don’t know if we have the space to do that."
Understanding market cycles helps investors make informed decisions. Chris warns against overly optimistic projections and advises investors to analyze economic conditions before committing to long-term deals. A good investment should be sustainable in various market conditions.
Tip #10: Be Intentional About How You Spend Your Time
"Live a life of clarity, purpose, and intention."
Success isn’t just about making money—it’s about designing a fulfilling life. Chris stresses the importance of setting clear priorities, focusing on meaningful work, and regularly reassessing personal and professional goals. Achieving true financial freedom means aligning investments with a lifestyle that brings lasting happiness and balance.
