ITF 93 | Financial Independence

Are you looking for better ways to achieve financial independence? Real estate investing could be the solution you’ve been looking for. Joining host Craig Curelop today is Lars Anderson. Lars went from a traditional W2 job, going cold turkey straight into being a real estate agent, and then absolutely crushing it in the business and building a rental portfolio of over 30 units for over $8,000 a month or $100,000 a year. How did he do it? Tune in as he shares his journey along with helpful tips and strategies you can implement to help you succeed in real estate. Not every investment works for everyone. Don’t miss this episode and get important financial advice to help you build your wealth for generations to come.

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Lars Anderson On How Real Estate Can Be The Key To Your Financial Independence

I am here by myself again because Z loves traveling. She is somewhere in Europe, where it is nine hours ahead. I am here talking to you guys. I think I am the lucky one. I got the good end of the deal because we are interviewing one of my good friends, Lars Anderson. Lars is a friend of mine. We have been good friends for a while now. He is part of GoBundance, which is this men’s group that I am a part of, of highly successful men looking to just amazing things in life, business, health, relationships, and charity. You will see that Lars is an iconic member of this group because he truly tries to embody all six of these things.

What we are going to talk about is Lars going from that traditional W-2 type job, cold turkey, going straight into being a real estate agent and then absolutely crushing it in the business and building a rental portfolio of over 30 units now for over $8,000 a month or $100,000 a year. We said this in the show, but Lars, if you are just starting out, is where you will likely be in the future if you continue on this journey, you work hard, and you get it done. It is a sacrifice to get here. Who knows where Lars goes after this. Let’s bring him on the show.

Lars Anderson, welcome to the show. How are you doing?

I am doing awesome. Thanks for having me on. I am excited.

For those of you reading, we have a weekly accountability call with some of the guys in GoBundance. Lars is one of them in my group. We talk every weekend and are here digging in a little bit more into Lars’ stories. Lars, why don’t you kick it off and tell us how you first heard about financial independence?

Like a lot of people, I heard about financial independence through BiggerPockets. I graduated from college here in Minnesota in 2017 and worked a corporate gig for a year. I hated going to work and sitting there for 40 hours a week. I wanted to get out and run. I was doing a lot of refreshing my Outlook email. I got into real estate and met with some different people. It was the connections to people who are in the real estate industry and experiencing some of these things. I had a buddy who introduced me to BiggerPockets.

What were you doing back in 2017 when you graduated? What was that corporate job that you hated?

It was a good job. I worked for a construction company. I was doing sales for an industrial subcontractor. I liked it because I was working with blue-collar people and project managers and seeing how the construction industry works.

You liked it in that regard but did not like it because you were bored, not challenged, and just hitting refresh in your Outlook box all day. You learned about BiggerPockets in 2018. What was the podcast? Was it the webinars? What got you in?

I met with a few different commercial agents that represented tenants, landlords, and different parts of the commercial real estate industry. I met with a good buddy from college that was in the residential real estate space and had started a team. I put in my two-week notice and realized that was something that I wanted to jump in at least and try and become a full-time realtor. He said, “Read Rich Dad Poor Dad. Here is BiggerPockets. You should check out the podcast.” I went down the deep web of what BiggerPockets offers and was eating it all up as quickly as I could.

You went from W-2 and straight to commission-based work without any other income stream. Without testing it out first, did you jump ship pretty quick?

ITF 93 | Financial Independence
Financial Independence: Real estate is not rocket science, but you have got to hustle a lot and you have got to be there for your clients.

I was married at that time. My wife had a W-2 job that fit her super well. I started and ran a landscaping business through high school and college. I had some money saved up that I was like, “I will give it a year and try as hard as I can. Worst case is I do not sell a house and I lose some money because I am paying fees.” I figured that years from now, I would look back and at least wish I would have tried something if I were stuck in the job I was.

I think that is a big thing for a lot of different people who are unsure of making that big move. Typically, in any progression you make in life, your worst-case scenario is the scenario that you are in right now. You are stuck in your job, but the worst thing that can happen is you got to go back and get a job. Maybe you lose $10,000 or $15,000, but you need to do that in order to get ahead.

I tell people that are thinking about jumping into something like real estate, “The hardest thing is saying yes and taking what feels like a bold action.” Being on this side of things and having some success, you look back and go, “That was an easy decision,” but it was not. It is a lot like investing in your first deal. You just say yes to it and take action and have blind hope in looking at people that I trust around me. I am super thankful that I took the jump and put in my two weeks and did not have any other option out.

Was your wife okay with this? She was comfortable and having you quit your job and being the support at least for a few months?

Being a realtor and investing in real estate, if you have a wife or a significant other, it is important to have them on board. Otherwise, life may not turn out how you want it. Your relationship might not look how it is. She was encouraging of me and knew that building a business was going to be something that was time-intensive. If we had a date night planned with some friends, I might have to take a call because it may be what I have to do to grind and start up my business and ultimately miss out on a lot of things that people enjoyed from 22 to 26.

That is such a big age to go out, party, and have fun. That is the YOLO age where you are starting to have some money. You do not have to study for anything. All you got to do is show up for 40 hours a week. Tell us a little bit about that transition, too. How was it “sacrificing” your early to mid-twenties to build this business? Maybe you cannot do as many date nights with your wife or you cannot take vacations. Was that an issue at all?

For me, I wanted a business. I had the itch to be an entrepreneur in high school and college. I wanted a job that I had to pull back from on the weekend. 8:00 at night, I wanted a job that I was excited about and wanted to think about and had to go, “Lars, we need to pull back and be intentional and be present with who I am with and create the boundaries there,” versus a job like I had when I was W-2, where your job is 40 hours a week. If you want to work more because you enjoy working, it is not going to get you any further. It was challenging, but I think I just had the end in sight of creating a personal brand. I had people around me that were doing the same thing. It was great to have a community of people that I was like.

That is such a crucial thing too. When you are in a W-2 job or you are starting out, you are going to be around other people with W-2 jobs. It is hard to break the mold and be different. You are going to have to be different for a few months and get ready for that. It is hard. I went through it. Until you meet your next tribe of people, which might be real estate or whatever other business adventure you are doing. This is 2018, and you have become a full-time real estate agent. Tell us about that first year.

The first two years are a little bit of a blur. It was a grind. I was available seven days a week for whoever needed me. I was doing 4, 5, or 6 open houses every weekend, trying to meet new people that were potential clients. I was doing as much social media. I was desensitizing myself to being on social media and taking selfies or videos, having that become a staple and in reaching my sphere in my community. That was 2018 and 2019.

Luckily, I had success pretty quickly. I would attribute that to looking at who is having success around me. I was working with a guy named Sam and Taylor, and I led a team with those two guys. They went years before me. They were successful. I was a copycat of what they were doing and put my own spin on it. In 2018 and 2019, I ended up selling my first full year, a little bit over 40 homes, which was like, “I am doing better than I thought I would.”

You are selling 40 homes. That is probably double or triple your income in the first year from your first job. Is that about right?

The more years that have gone on, you get more efficient in how you spend your time. Click To Tweet

It was six times my first income.

That is the glory of being an entrepreneur. How much are you making as a W-2 guy?

I started just above $40,000 as a W-2 guy.

Were you making $250,000 in your first year then?

In my first full year, I was probably a little bit over $200,000, which blew my mind.

Any third grader can tell you that that is six times what it is. However, put it in perspective of, “You went to college for this thing. You got this job that nets you $40,000 per year, but you are transitioning after one year to doing something that you did not need college for.” Now you are making $250,000 a year, which is as much as doctors and a lot of lawyers make.

They would go for 8 to 10 years. I think it is crazy. That is the glory of entrepreneurship. There is no cap. You are getting started here. I need to ask, what made you so successful at being a real estate agent? $40,000 in the first year, it sounds like open houses. You just went hard on open houses. What is your method? How do you crush the open house game?

I was learning from Sam and Taylor, who were the team leads at that time. Taylor was a year ahead of me. Sam was two years ahead of Taylor in the real estate game. I copied what those guys were doing. I was going, “We do not want to pay for leads to come in.” The free ways to do that are using social media, being at open houses all the time, and then we hit the phones. Cold calling different investors, for sale by owners, expired listings, and those different things. Those were the transactions that I was just grinding for.

It started to play into my social media posts, showing my sphere because I grew up in this area, have siblings, and went to high school and college in the area. It started to show my sphere that, “I am here to stay. I am having fun, doing a good job, learning a lot, and I am ready to roll for who wants to trust me.” I would attribute it to all that encompassing and treating people the way they should be treated. I do not think real estate is rocket science, but I think you have got to hustle a lot and you have got to be there for your clients. That is what we do on our team. That is what led me to have some success early.

I know that a lot of people when they become real estate agents, they sit back on their laurels a bit. They are working with 1 or 2 clients at a time. That is great. You can make a pretty good business that way, however, if you take that 40 hours a week that you work at your W-2 job and apply that to lead generation, which sounds like what you did between your open houses, cold calls, and your social media posts. That is how you explode your business. It does not necessarily have to be a ton more work. You just put in the same amount of work that you would have for a job. I think you would have tremendous success. That works with a lot of businesses.

The more years that have gone on, you get more efficient in how you spend your time. The first year, I definitely was not efficient. I was running around like a chicken with my head cut off.

ITF 93 | Financial Independence
Financial Independence: There are a lot of different ways to get funding. There are a lot of people that want to invest a lot of money in real estate.

I know that feeling. We are in 2019, heading on to 2020. You are hitting into your second year. When did you start thinking about buying properties yourself? Where did you start thinking about some passive income?

I think what motivated me a lot was going, “I do not have this desire to buy the fancy car, live in the big fancy house, or even do the fanciest trips.” What motivated me from day one was making more money so I could invest more money. It sounded like a fun game to enter the real estate investment world. In 2019 is when I bought the first place that me and Nicole bought. A lot has happened, but I am very thankful for that first house.

That first house is your for real deal. We like to go into everybody’s first deal as what makes you a true real estate investor is your first intentional deal. Tell us what that deal looked like. What were the numbers on it? We will dig in a little bit.

In 2019, the market was hot. I was looking for a duplex or triplex, something to house hack. I was nervous about it, but I was like, “I am jumping in. It is a tried and true way. I was going to house hack.” Do you know who wrote the book, The House Hacking Strategy? The man, Craig Curelop, himself. Learning from BiggerPockets what house hacking is, we put in 2 or 3 offers on duplexes going well above the asking price, waiving inspection, even though I did not know what was all entailed in a house and how it all worked.

We continued to strike out on a few spots. The school I went to, Bethel University, right in St. Paul, Minnesota, I knew the rental market around there. It was the low-hanging fruit. I saw a single-family home that was listed at $280,000. After a few days, it dropped to $250,000. I went, “$280,000 was too expensive. $250,000 is certain to pique my interest, but it is still expensive.” Why did they do a $30,000 price drop? There were six cell phone images on the property, so it was a terrible job marketing it. I went to the Ramsey County Property Tax website. I saw there was some delinquency on taxes. No one told me to do this, but I am sitting there curious why it is dropping in price so much.

I saw they are a delinquent. I put a lowball offer on it. We went back and forth a little bit. I had to close by a certain date but landed at $224,000, which was not a screaming deal but definitely a deal. It was a house where the numbers would work. I would live there for a year was the plan, and then we would rent it out to some college students and make some good money on it. It was like I was looking for a duplex and saw a single-family home. That made the most sense at that time.

That is a strategy that not a lot of people talk about where you buy a single-family home. You live in it for a year, do not rent it out, and then move on to the next one and rent it out prior. A couple of questions I want to ask you on this property. You got this thing from listed at $280,000 to price drop at $250,000, all the way down to $224,000. How do you negotiate and get that? How do you get $26,000 off?

There were no offers on it. The benefit of when there are no offers on something, I realized, “I need to be quick to the table and get to their bottom dollar as quickly as possible.” I probably offered something like $210,000 on it. $40,000 under and pretty quickly got to a point talking with the other realtor where they had a price point they needed in order to sell it. Otherwise, the home would get foreclosed on or pre-foreclosure. They would go through that whole rigmarole. $224,000 was the breaking point of that. I think they wanted $230,000, so I worked them down during an inspection phase yet landed at $224,000.

You beat them up a little bit on the inspection and knew they were desperate. That always helps, knowing the seller’s motives. Inspection is your biggest tool to help get the price reduced. Why did you take a price reduction versus not taking cash at closing? Did you think about that?

I do not think I had everything. It was a conventional Freddie and Fannie loan that I was using, so a 30-year fixed rate. There is a little bit less flexibility on getting seller concessions. Looking back, I was nervous about that monthly payment. What I wish I would have done is go a little bit higher and then get my closing costs paid for up to 3%, but I did not do that. I look back and I go, “It was far from the perfect deal, but it turned out. I took action and learned a lot from it for my next deal.”

I want to explain that to people too. When you are doing your 1st, 2nd, and 3rd deal, you are not an expert. Even when you go in and do your first deal, you are not going to know everything. I messed up my first deal too. I was only looking for a duplex when I could have done a single-family. I never thought about that. You start to learn, and you start to get smarter as you go. It is perfectly okay to be like, “I was not on my mind at that time.”

There are a lot of shiny objects out there, things to invest your money in, and just because someone else is doing it, does not mean it is right for you. Click To Tweet

Another thing I did that I wish I did not do turned out okay, but I did a 10% down conventional loan. I think I was nervous about that monthly payment, which is understandable. My income was not super high at that time because that was early in my first full year. I wish I would have done a 3% downer or 3.5% FHA, but I did a 10% down conventional loan. Hindsight is 2020.

What was that monthly payment on that property? It was $1,150 or about $1,200. Somewhere in there.

A lot of people would salivate at that mortgage cost. You got to remember that you are paying this yourself because you do not have roommates, tenants, or anything at that time. Did you do any rehabs to the place or anything like that?

It was a beat-up. They had five kids living there. It was a small 4-bedroom, 3-bath, but it was a hidden gem because they did not take good pictures of a couple of the bathrooms that were nicely done. I noticed, in the basement, we are going to add a bedroom. I added a fifth bedroom. Over that next year, we put in $25,000 of our own money. I am not a very handy person. That included getting a new water heater, HVAC, and furnace.

All of those things had to get replaced because it was junky. Before, five dogs were living there. What was cool about that is I took it as an opportunity as a realtor to go, “I am going to GC these things so I am going to find handymen and subcontractors, an HVAC guy that I can begin to like, know, and trust and hire them and see what work they do, how much it costs.”

That helps me to put certain costs associated as I am walking through a home with a buyer or an investor because I have been there. I have been the one that is meeting the person at my own house, having them, and seeing how the work is getting done. I put $25,000 over that year into it and then a little bit of sweat equity with painting cabinets white and beautifying it because I have my wife, Nicole, with me there. She is not going to live in filth that maybe I would be more okay with. We beautified it over that year.

It sounds like you got about $25,000 down and $25,000 into it. $50,000 all the way and your monthly payment is about $1,150. After a year, you move out. What are you getting for rent nowadays?

I moved out and got $2,450 in rent from some good college guys that have taken better care of the property. They just moved out and a new crew moved in, but they took good care of it over the past few years. $2,450 was year one. It increased in 2019. I use the BRRRR strategy, so it is a mix. I was living there, but then, we used the BRRRR strategy because we rehabbed it, rented, and then I refinance. The appraisal came back at $328,000.

We forced $1,000 between appreciating in the market, getting a good deal, and then forcing some appreciation with sweat equity. We added about $100,000 to that deal and then we took out $35,000. I still left quite a bit of money in it because I flipped it to an investor loan. I was no longer there, so it had to be a 20% down investor loan. The monthly payment went up to about $1,250. We took $35,000 out. We had $15,000 left in the deal. We are cashflowing about $1,000 after we paid a property manager.

That is using all of the strategies. You have got a little house hack with a low down payment loan, a traditional rental property, the BRRRR, and it is cashflowing you $1,000 a month. With these college kids, is it one lease, or do you have individual leases?

One lease.

ITF 93 | Financial Independence
Financial Independence: It all started because we just saved money and it snowballed then compounded on each other. It is cool how real estate works in that fashion.

Did you manage it yourself?

I initially managed it myself. That is another story. For a year and a half, I have not been managing properties, and I am so thankful for it. I finally took the plunge and am so dumb for not doing it earlier. Those guys did not call me a whole lot, which was good. That one cashflow about $900 or $1,000 a month after I pay a property manager. I do not hear anything from him. That was my first deal and it was a good one.

I would say the biggest benefit is I am getting paid for learning more than I learned in my years in college about how the housing market, money, and refinancing works. I was new to all that stuff. I did not have someone holding my hand through it, but I did have people giving advice on stuff. It was a deal that I learned a lot about.

The first one is always the hardest. 2020 is when you moved out of that one, is that right?

2020 and then we moved into a home that was a little smaller down the road.

Was this an investment property as well?

It is now an investment property. We lived there for a year. There were fewer maintenance issues and cosmetic updates that we needed to make to that one. We were going to live there for a year, do a 10% down payment, and lock that in for 30 years. $230,000 was the cost. We added a bedroom and then moved out a year later. My wife is like, “I do not want to move in a year.” We had a kid in that home. It was 1,200 square feet and that is when COVID was rampant. My wife was at home with our newborn and said, “I need a little bit more space and I do not want to move again in a year.” We got two of them doing the live there for a year and move.

We have got to get a name for that, the hack and hop or something like that. You got the second one. When you moved out of that one in 2020 or 2021, what was the monthly payment and what was your rent?

It was a smaller house, 4 bedrooms, and 2 bathrooms. Rent is $2,000 and my monthly payment is $1,250. I am cashflowing $650 after I pay a property manager. At first, I was cashflowing $750 or $800 on that one.

Are these typical deals you see in the Minneapolis area where you can get cashflow from $500 to $1,000 a month? That is feeling pretty good or is that because you bought it a few years ago and now it has increased?

I have had a couple of investors offer and get homes under contract like that. Cashflows have been leaned out a little bit, but I would say all day, Minnesota is still a cashflow state. In single-family homes, you could get a home anywhere from $275,000 to $325,000 and cashflow $600 to $800 a month on it. It is still a good spot to be in. Those are B or B-plus areas to be. Maybe not the most expensive, but your renter pool is going to be families with good jobs or college students. There is a couple of Christian universities right around here.

Stay in your lane and focus on what you want to focus on and become an expert on it instead of always looking. Click To Tweet

Minnesota seems like a hot market. I might have to hit pick your brain. My shiny object syndrome is definitely lighting up here. In 2020 and 2021, you have got your two rental properties. You have got your primary residence, which you are staying in for a while. One question I have is, you quit your W-2 job. How did you qualify for these loans? How did you get two loans in your name when you did not have two years of being a real estate agent?

I had a little bit of a cheat code because my wife was W-2. We paid off debt as quickly as possible and paid that off within a year. Before we were married, leading up to the wedding, we got all our loans paid off. We put all our savings towards that. We were able to use her W-2 income for that because I had to wait a couple of years.

Let’s fast forward a little bit now. 2020 and 2021, you have got the houses. Where is your real estate business going next? Where is your real estate agent business going next?

Along the way, in 2020, I bought as we are doing those houses. We lived below our means. I started making good income. We did not put our money towards a car or buying a fancy home. I look back and I go, “I am so thankful because we could have stretched ourselves and maybe afforded a $400,000 home that we were really excited about off the bat.” I am really happy that we decided to be smart with our money and live like a lot of people would not think to live and do those two homes that were below where I was seeing even friends or peers around me, what they were buying.

We lived below our means and could pick up some other properties. We picked up a few duplexes, a few fourplexes, and a sixplex. We are at about 30 doors in all. That has been over the last few years. It all started because we just saved money, and it snowballed and then compounded on each other. It is cool how real estate works in that fashion.

It seems like you have perfected that formula of growing your real estate agent business, make more money, live frugally, spend less money, and investing the difference in rental properties. That is how you went from two single-families to now 30 units in a short time.

Some people do not have the ability if they are in a W-2 job to boost up their income that quickly and fund some of these deals. There are a lot of different ways to get funding. There are a lot of people that want to invest a lot of money in real estate. That has been our philosophy, and we will keep going with it and try to live below our means so we can continue to invest in real estate. It is a fun game.

Have you ever taken money from other people to invest?

I have not. As people saw what I was doing and other investors that were executives or had high-income earners, I jumped on a deal quickly, allowing me to act swiftly where I had my name on there. I sometimes even act like a wholesaler in a way where I say, “Lars Anderson and/or assigns,” and then I will shift it to someone else and go, “Here is a deal. Here is how the numbers work. It is a single-family home or it is a duplex. It is maybe a single or a double. It is not a grand slam type deal, but you have said you wanted to invest in real estate.”

That is a way that I have tried to build up trust with people. Eventually, those may be people that come in bigger deals. For my wife and me personally, we have decided to invest in deals ourselves so we can maneuver the finances. If we want to sell a property or not sell a property, we have the ability to control that 100%. Maybe that changes, but everything has been 100% owned by us.

We have taken your journey. As a quick recap, we have similar stories. We started off in college, go to go the traditional route of corporation, hated it, found BiggerPockets, did real estate, started to become a real estate agent, and bought rental properties. Those of you just starting, we are you in the future. We are in chapter five and you guys are still in the beginning or in the intro. If you are reading this and you have not started investing yet, it is where you can get to. Lars, you said you had about 30 units. I have got 20-something. Lars, where is your passive income at about three years after your first rental property?

ITF 93 | Financial Independence
Financial Independence: There are a lot of very wise people out there when it comes to real estate investing, but make sure to stay focused on what you want to stay focused on.

It is around $80,000 to $100,000 per year. My wife was making $65,000, so we got to the $65,000 mark or right around there. She is now at home. We have two kids under two. It is a huge blessing for our family that she is able to be at home. We are right around $80,000 or $100,000 passively.

That is financial independence. Now you are growing and then you can get a bigger house for when you have kids number 3 and 4.

Something that drives me each day and my why behind what I do is I enjoy seeing friends, family, and anyone who wants to jump into the game and help them, like in BiggerPockets and you in this show. You are trying to demystify how challenging it is and how many hoops you have to jump through and try to simplify it. I know if someone even picks up that 1 or 2 properties, it does not have to be 30 or 1,000.

Those properties can change the landscape of their future family and generations. It could help pay for college, a retirement, and ease off if they have a larger home payment where you get a few thousand dollars towards that payment, passively each month. It is so cool what real estate can do in that fashion. It all starts with having the trust to jump in.

Real estate is huge. It has changed my life and it sounds like it has changed yours. It gives you the freedom that nothing else can. Lars, we are going to be heading into the final part of our show, which is the Final Four. Before we get there, are there any last words of wisdom you want to enthrone on our readers?

There are a lot of very wise people out there when it comes to real estate investing, but make sure to stay focused on what you want to stay focused on. There are a lot of shiny objects out there, things to invest your money in, and just because someone else is doing it, does not mean it is right for you. Something that I tell people is to decide what your goal is. If someone’s goal is to have $5,000 a month in passive income, great. If someone’s goal is just to have $1,000 in passive income and that eases up some stress that they have and they are able to sleep a little better at night, then get to that point.

You do not have to strive to be the person that syndicates a massive deal. My one thing would be is to stay in your lane and focus on what you want to focus on and become an expert on it instead of always looking. I have done that too. I have to remind myself that just because the grass looks greener on the other side, does not mean that is green grass for what I want.

It is so easy to compare yourself, especially in GoBundance. People are making hundreds of millions of dollars a year because they are doing syndications, but what is the goal? Do you want to do all that work? Do you want to grow that much? Do you just want to enjoy life? Do not forget about what you are trying to get to. I love that advice. Let’s head into the Final Four. The first question is, Lars, what book are you reading?

I am reading Think and Grow Rich, but the book that I finished that I want to talk about is The Lifestyle Investor by Justin Donald.

You were talking about this book in San Francisco. Is this a really long book, or are you a slow reader?

I am a pretty slow reader. If I am reading a book a month, I am doing good.

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Tell us a little bit about The Lifestyle Investor. Would you recommend it? Is it good?

I would definitely recommend it. It has been, besides Rich Dad Poor Dad, one of my favorite investment mindset books. Justin Donald talks a lot about investing in cashflowing assets. It is all about your lifestyle. If you want your lifestyle to look a certain way or to be able to afford something that is not an asset, think about purchasing an asset. It could be a home or something else that cashflows that would end up paying for that car that you want, whatever that thing is that you want, the season tickets to the ball game, or that thing. It has been a good mindset shift for me.

You were telling that so much. I put it on my list. I think that is up next for me. I will let you know when I finish it. Second question, what is the best piece of advice you have ever received?

It is to meet with people that have been there and done that. To meet with people that are wiser than I am, pick their brains, hear their life stories, hear how they do business, how they view business and family, and how they view their faith. It is when I made a shift like that of going, “I want to start to have coffee meetings with even investors that have a whole lot more than I do or this person that runs a successful business and is also a great dad and is involved in the community at church.” That has been great for me to meet with people that are doing an awesome job, learn from their mistakes, as well as the advice they would have for a 27-year-old like me.

The third question is, what is your why? We touched on that, but why don’t you reiterate it?

My why is helping my clients to build wealth and be a positive impact on their communities, churches, and future generations. That is through me being involved in the community, real estate, me being a dad and a husband, and also involved with my friends and family.

Final question, how long do you think you would last in a zombie apocalypse?

Not very long. I am not school smart, but I am street smart. I think what I would do is make good connections with the people around me who seem like they know what they are doing. I may look at you and say, “Let’s be great friends.” I may pump your tires up a little bit because I realize you may have some resources and knowledge that I do not have.

How long did it take you before you got COVID? I got it long after for the first time.

You would last pretty long. If COVID is the time when you turn into a human from a zombie, then you did pretty good man. Good for you.

Whatever the last strand was, I was lucky to get that one.

ITF 93 | Financial Independence
Financial Independence: If you want your lifestyle to look a certain way or you want to be able to afford something that is not an asset, think about purchasing an asset.

Lars, thank you so much for coming on the show. It has been a pleasure. I loved hearing your story. I love having you on and love you as a person in general. We will talk soon.


That was Lars Anderson. I love Lars so much. He is such a great dude. I love all of the things he says about wanting to help other people achieve financial independence through real estate investing, just like we do. I love how he and his wife were able to work as a team to get those first two properties. After those first two, he was able to take a step back, put the foot off the throttle a little bit, and he has got some passive income. His real estate business has taken off. He has a couple of kids and he is able to buy a house that is more to his liking. No matter what, he has still lived well below his means, trying to crush that formula we talk about all the time.

Make as much as you can, spend as little as you can, and invest the difference in assets that will give you passive income. The results are incredible that way. You can see that Lars has had tremendous amounts of results. If you liked this episode, please leave us a rating or review on iTunes. It helps us so much. Shoot me a follow and message on Instagram. I am @TheFIGuy. Zeona is @ZeonaMcIntyre. You can give her a little nudge and tell her to get back on the show because we miss her. We will see you all next time.


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About Lars Anderson

ITF 93 | Financial IndependenceLars is a full-time realtor in the Twin Cities and surrounding areas. He was born and raised in St. Paul, Minnesota. His interest in real estate is driven by his love for people and his desire to walk alongside them in the home buying, selling, and investment process. His perspective is that his sole job is to add value, to educate and to empower his clients, to feel confident and excited about the process of buying/selling/investing. He has a focus on investment properties from multifamily to NNN lease commercial space. Lars is all about building relationships, not just creating clients and the goal is to make a positive impact on the lives of those he serves. Lars is also an active real estate investor himself and in process of building up a portfolio of investment properties (currently at 30 units) around the Twin Cities and other markets. He really enjoys assisting others with investing in real estate as well and does so with first-hand experience. Lars is married to Nicole and has 2 kids, Cruz and Josie and a French Bulldog named Meatball!