Anthony Chara is a seasoned Real Estate investor that has successful investing and property management experience dating back to 1993. After 16 years working for a fortune 500 company and traveling extensively, Mr. Chara gave up his lucrative Area Manager position to spend less time traveling and more time creating wealth for his family. Today, Anthony is a seasoned investor and has helped thousands of other aspiring real estate investors.
Mr. Chara owns or has owned properties across the country and shares how he selects places to invest at the MSA and submarket levels. In addition, he shares great tips to help you find deal the best markets, submarkets and take consistent action forward.
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Key Insights
Started investing in 1993 with buy and hold
Did wholesaling and flips, but they felt like a job
Enjoyed the scale of apartment investing and went full-time in 2004
Began coaching to add additional income streams and find potential partners for apartment deals
He and his wife focused on the lifestyle they wanted to create and built a business around it
Most people are waiting for the right time to let go of their comfort zone
When reviewing markets, pay attention to crime and the type of crime
SpotCrime, CrimeReports and Trulia Heat Maps for initial view, but always talk to local police
Crimes of convenient are everywhere, but high crime and violent crime areas should be avoided
School districts and crime usually go hand in hand
Prefer using Trulia for school ratings with 5 or higher
Looks for employment growth and population growth – uses BestPlaces.net and Census.gov
Likes to see 2% population growth in last couple of years
In the Midwest and Southeast, likes to see the HHI median income at a minimum of $45k
CoStar, Axiom, RealPages, ALN have great data available
Verify your projections with multiple local property managers
Markets Anthony Likes: Orlando, Tampa-St. Pete, Western Detroit & Northern Detroit Suburbs, Dallas, Omaha, Kansas City, Denver, Grand Rapids, Colorado Springs
Find 15-30 minutes a day to take actions that move your business forward
Partner: Download a Free Sample Apartment Deal Package
Bull’s Eye Tips:
Apparent Failure:
Learn from failures and keep taking action
Most Recommended Book:
Rich Dad Poor Dad by Robert Kiyosaki
The Cashflow Quadrant by Robert Kiyosaki
The Science of Getting Rich by Wallace D. Wattles
Think and Grow Rich by Napoleon Hill
Most Recommended Digital/Mobile Resource:
There are 110 Websites that Anthony Recommends
Daily Habit:
Read goals twice a day with emotion
Wish I Knew When I Was Starting Out
Investing in apartments sooner
Current Curiosity:
Investments outside of real estate – for instance, orange groves
Best Place to Grab a Bite in Denver:
Mama Roma’s
Elway’s Steakhouse
Connect with Anthony:
Website: successclasses.com
Email: anthony@successclasses.com
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