046: Multi-Family Investor finds Happiness matters MORE than Profit - Dave Childers of RIA
Entrepreneur Stories 4⃣ Inspiration
Millionaire Interviews Podcast & Sir Austin Peek
4.7 • 2K Ratings
🗓️ 1 January 2021
⏱️ 34 minutes
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| 0:00.0 | And I would come home with a lot of stress, right? Obviously doing this millions of dollars |
| 0:17.2 | in real estate debt. My wife finally just said to me, look, you need to leave that at the |
| 0:21.6 | office. You just have to have that want to learn about people. You know, it's not about |
| 0:27.4 | money. It's about... |
| 0:31.2 | And back to my father. He hated every job he ever had, I think. And I just from the beginning, |
| 0:38.1 | I said, look, whatever I do, I'm going to be happy and joy what I do, even if it doesn't |
| 0:42.7 | make me a lot of money. |
| 0:46.4 | Yeah, my name is Dave Childers. I live right outside Nashville, Tennessee. Most of my business |
| 0:55.0 | is done here in the middle Tennessee area. I own a company called Residential Investment |
| 1:00.0 | Advisors. And we are a real estate brokerage firm that specializes and focuses just on |
| 1:06.8 | selling small to mid-sized apartment buildings. So anything from a two-unit duplex to, I'd |
| 1:12.8 | say, about a two million dollar, which would give you about 50 maybe units apartment buildings. |
| 1:18.7 | I started the company in 2011 and I'd actually kind of tell people I kind of got in this |
| 1:23.3 | business the backwards way I was actually an investor buying those type of properties. |
| 1:27.4 | And this saw that there was a need for an agent that's all they did. And they actually |
| 1:31.5 | knew what they were talking about. There's a lot of agents that go and people that get |
| 1:35.1 | their real estate license and then we'll start trying to sell property. They don't understand |
| 1:39.8 | this business. And so we kind of took that and ran with it. And in addition, I own, I think |
| 1:45.7 | I told you all some previously, I've got about 300 something units that I own and we count |
| 1:51.4 | doors in this business. And so I own a five or six different apartment complexes, smallest |
| 1:57.1 | one being eight and the largest one being 114. Really, my life revolves around tenants, |
| 2:03.3 | landlording, investing in all aspects, stuff I'm doing personally, stuff the company's |
... |
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