Investor Interview with Chad Williams
Thursday, October 10, 2019
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 Chad Williams, Investor
Q: Who was your first business mentor?
A: My grandfather, Edward Williams. He built a successful construction business from the ground up, and ran it for over 50 years. He believed that by helping others to achieve their potential one could achieve their own highest potential. He built a strong reputation through honesty and executing quality work at a very high level. I was always amazed by his ability to simplify a complicated situation.
Q: Who was your first mentor in real estate?
A: David Caballero, a real estate investor and business owner in Baton Rouge, LA. David owned a loan servicing company and invested heavily in the distressed housing market during the downturn. I learned a lot from David in terms of property acquisition and just the general hustle of real estate investing.
Q: What is your favorite book?
A: My favorite book right now is “The Power of Habit” by Charles Duhigg. It's very well written, and relatable to just about any personal or professional challenge you may be working to overcome or improve.
Q: What is the best lesson you have learned in real estate?
A: It's really pretty simple… Buy it right and have multiple exit strategies.
Q: How many properties do you own?
A: I currently own 3 properties. I also flip 7 to 10 properties annually.
Q: When did you start investing?
A: I started investing in real estate over 9 years ago by partnering with friends, and flipping a house or two. From there I ventured out on my own to wholesaling. I moved to acquiring rental properties about 3 years ago through the advice of Tyson Schuetze.
Q: Why do you Invest?
A: Honestly, I was first drawn to real estate investing as way to make extra money--putting my money to work on making money. I fell in love with it because of the diversity, challenges and ever-evolving nature of the business. I’ve never been good at doing the same thing day in and day out. You certainly don’t have to worry about that with investing!
Q: What is the best advice you have received?
A: “Sustainable, long-term success is derived from consistent short-term growth.” Break your larger goals down into smaller goals.
Q: Do you have any hobbies?
A: I love spending time outdoors with friends and family: Hanging by a body of water, fishing, skiing, hiking or playing any sport that involves competition. I am especially fond of golf and basketball.
Q: What is the best advice you could give someone else?
A: I often get asked about finding money for deals--especially from new investors. The best advice I can give would probably be to “find the deal and you will find the money.”
Q: Is there a place for you where time slows down?
A: Time really slows down for me when I am surrounded by nature. It just seems easier to appreciate the current moment, and really enjoy the natural state of this beautiful place we get to live.
Q: If you were a member of a music group, you would be _________?
A: a part of Steely Dan. I've always been a big fan of Walter Becker and Donald Fagen, and enjoy the eclectic, intelligent, clean sounds of their music.
Q: Who first introduced you to Auben?
A: A mutual acquaintance, Jim Hadden, four years ago. I've really enjoyed working with such a talented, progressive group.
Q: If you weren't investing in real estate you would be_______.
A: the owner of a contracting or construction business. I grew up working in the construction world and love the challenges it brings. It’s also very rewarding to be able to visually appreciate the fruits of your labor.
Q: If you were to start over_______.
A: I would have purchased more rental properties when I first started. Housing prices were low, and inventory was high. If I only knew how easy it was to get the funding and financing at the time. Buying rentals is definitely a great long-term strategy for growing your business and growing wealth.