Are you tired of living paycheck to paycheck with no end in sight? Frustrated by a lack of control over your schedule and finances? Christopher Linger faced these same challenges until he discovered how real estate could change everything. A 26-year Navy veteran with a passion for service, Christopher found a new way to help others when he transitioned to investing in multifamily properties. Through grit and dedication, he grew his portfolio to 35 units before syndicating deals across multiple states. Now Christopher shares how you too can achieve time freedom, generational wealth, and the lifestyle of your dreams through real estate. Tune in to hear his incredible journey from military service to financial independence, and learn how partnering with the right mentors is the key to scaling up faster than you ever thought possible.
[01:05] -Two truths and a lie game: Christopher shares two truths about shooting a howitzer cannon and being under 100 feet of water with a 12-inch eel, and reveals that his lie was claiming to have jumped out of an airplane. This lighthearted game provides some brief personal insights into Christopher's background and experiences.
[02:46] Career transition to real estate: After 20 years in the Navy, Christopher and his wife began purposefully investing in real estate, eventually owning 35 apartments together before syndicating deals across multiple states.
[05:58] Scaling operations through syndication partnerships: Christopher details how partnering with investors and syndicating larger deals allowed growth beyond self-management limitations while stationed overseas, providing passive wealth opportunities.
[07:05] Favoring multifamily and cash flowing assets: Christopher prefers balancing stability from apartment investments writing off other income with strong returns from mobile home parks and storage delivering 6-10% cash on cash within 7-10 years.
[10:53] Developing trusted local management teams: Christopher stresses building relationships with boots-on-ground representatives who can physically check properties in different locations where he and his wife do not reside full-time.
[16:12] Leveraging VA loans early in a military career: Christopher advises those just starting in the military to leverage VA loans to purchase multifamily properties like duplexes or quads in each location and have them managed after moving, in order to generate passive income and equity over a full career.
[17:46] Strategically selling properties for growth: Christopher details an example of selling units to investors using seller financing for down payments in order to free capital and redeploy larger through syndication.
[22:05] Impact of real estate investing on lifestyle and family: Christopher shares how real estate has allowed him to triple his net worth since retiring from the military, providing immense financial security while also creating meaningful flexibility, freedom and quality time to spend with expanding family in different locations.
[28:09] Importance of taking action: Christopher emphasizes the importance of not procrastinating and instead taking action once a basic real estate knowledge foundation is obtained, in order to maximize returns and opportunities.
Actionable Takeaways:
• Partner with experienced real estate investors and mentors to accelerate your learning and deal flow. Look for those with a proven track record of success over many years.
• Consider leveraging VA loans early in your military career to purchase revenue-generating multifamily properties in each relocation. Build long-term wealth through real estate over your entire career.
• Balance cash flowing assets like mobile home parks and storage with tax-advantaged multifamily to generate returns, write-offs and control your schedule through ownership.
• Develop local management teams in the areas where you own properties so you are not limited by self-managing from afar. Build trusted relationships to oversee operations.
• Look for opportunities through seller financing or syndication partnerships to free up capital from existing holdings and reinvest in larger deals for greater scale.
Quotes:
“We really want to give back more, we really want to do more things for more people.”
“We have a way to help you build your wealth, grow some more retirement cash, and have a tax deferred growth without without having to spend your time doing it.”
“It's been a blessing to be able to do this stuff, not only to help other people so that they can free up their time, but so that we can free up our time to be available when family needs us.”
To get in touch with Christopher Linger:
E-mail: [email protected]
LinkedIn: linkedin.com/in/christopher-linger-381b15107
If you are interested investing in real estate and make connections, shoot an email [email protected]. Read on some of our blogpost http://grabthemapllc.com/.