Chase Calhoun is a real estate investor, developer, and general contractor based in Little Rock, Arkansas. He owns and manages more than 130 units, leads 26 active construction projects, and is developing two build-to-rent communities that will add over 160 new units. Transitioning from distressed rehabs to large-scale developments, Chase has built a reputation for creating long-term value, revitalizing neighborhoods, and guiding others in their real estate journey. A member of GoBundance and an endurance athlete training for a full Ironman, he brings the same discipline and vision to both business and life.
Here’s some of the topics we covered:
- The Story Behind Chase’s First Ever Property Purchase
- How Being a General Contractor Gave Chase an Unstoppable Edge
- Rod’s Heart-Stopping Tornado Story You Won’t Believe
- The Creative Way Chase is Funding His 52-Unit Deal Through a Joint Venture
- The Charlie Kirk Tragedy & Memorial Service
- Why Open Dialogue Is the Secret Weapon of a Free Country
- How Running Marathons Transformed Chase’s Health and Mindset
- Chase and Rod’s Game-Changing Conversation on Stem Cells and Longevity
- Advice For New People Coming Into The Real Estate Game
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
Full Transcript Below:
01:20:07:27 – 01:20:25:25
Rod
Welcome to another edition of Life Time Cash Flow through Real Estate Investing. I’m Rod Khlief, and I am thrilled that you’re here, and I know you’re going to get tremendous value from the gentleman I’m interviewing. Today’s name is Chase Calhoun. He hails out of little Rock, Arkansas, which is close to Memphis. Never heard me talk about Memphis. You know that I was dog in Memphis before we started recording.
01:20:26:01 – 01:20:54:15
Rod
If you’re from Memphis, I love you. But you know, too. Okay. And, anyway, Chase is, real estate investor. He’s a GC general contractor. He’s got a significant, contracting business, and, he’s making some stuff happen. So we’re gonna have some fun today. Welcome to the show, bro. Thanks for having me here. Absolutely. Well, why don’t, you were telling me quite a bit already, and, probably have you restate some of it, but why don’t you talk about your background and why real estate?
01:20:54:17 – 01:21:00:03
Rod
Oh, I see you got rich, dad. Poor dad on here, which a lot of people started from. Okay, well, give us your story.
01:21:00:05 – 01:21:12:20
Chase
Yeah, I’ll try to keep keep it as brief as possible. I, so I’m from the San Francisco Bay area in California originally, and I wanted to get started in real estate investing back in oh eight, nine and ten when, in hindsight, being.
01:21:12:25 – 01:21:14:07
Rod
1 or 2 or did.
01:21:14:10 – 01:21:37:00
Chase
Wanted to. Oh, crap. So that other people talked me out of buying, the $100,000 houses in the East Bay that are probably now worth, you know, seven, $800,000, pop. And so fast forward a couple years later, I was I was ready to get started, but it didn’t make sense there anymore. And out of state, real estate investors become a very, like, common mainstream thing now.
01:21:37:00 – 01:21:51:14
Chase
But back then, I hadn’t even heard of that or didn’t even know that was an option. So I actually chose to move somewhere where it made more sense to invest. I was working for a company at the time on a contract basis, and I just basically said, hey, where would you be willing to send me and pay me the same amount of money?
01:21:51:16 – 01:21:56:23
Chase
And so they rattled off a bunch of different places in little Rock, Arkansas, was one of them. Thank God it wasn’t Memphis, Tennessee.
01:21:56:27 – 01:21:58:18
Rod
Oh, right.
01:21:58:20 – 01:22:14:28
Chase
But it was a they was like, I well, I don’t know. And I checked check Zillow and you could buy houses back then for almost nothing. And they were run out for decent money. So we bought our first, single family house site on scene, packed up and moved to California and then basically did a live in flip in that first that for oh, you.
01:22:14:28 – 01:22:17:05
Rod
Moved and you married.
01:22:17:08 – 01:22:24:02
Chase
I’m married now. And my, my wife now is two. We’re just kind of started dating back then. And so she.
01:22:24:05 – 01:22:28:16
Rod
She you just dating right away. But that’s not something that I would, I would recommend.
01:22:28:16 – 01:22:41:10
Chase
It also wasn’t in the best the best neighborhood. And so we weren’t we weren’t there too long. I think it took us about three months to get it remodeled. And we were fortunate that we were able to buy a house in a little bit nicer part town, rent that one out. Still owned the house today was our first rental.
01:22:41:12 – 01:22:57:01
Chase
Since then I’ve kind of specialized in, in single family and small multifamily. So we’ve only done up to, 12, a couple, 12 unit buildings. But it really kind of early on, I think, just because the opportunity specializes in heavy rehab stuff. Service.
01:22:57:05 – 01:23:03:01
Rod
So when did you get get your general contractor? Was it part of your previous job or did you go out and do it once you start investing?
01:23:03:02 – 01:23:21:09
Chase
Yeah, not at all. So it was I got the experience by investing and doing these heavy rehabs. And I was a few rehab projects in it was actually, I had bought a four unit townhome. So it’s basically a fourplex that it caught on fire. So it was a burn out completely, demolished the like almost completely destroyed.
01:23:21:12 – 01:23:37:26
Chase
And in little Rock, at least back then. They’re a lot more strict now. But back then, if you owned the building, you could pull the permits and GC yourself. No. Without having a license. Yeah. And so but I think somebody from the state licensing board was just checking the permits that had been pulled. Right. And then looking for licenses.
01:23:37:26 – 01:23:54:20
Chase
And so he saw that I pulled a, you know, a $275,000 remodel permit, but I didn’t have a contractor’s license. So and so he called me and just kind of want to know what was going on with that. And I told the situation. He said, I agree, technically you don’t need a contractor’s license, but just get one because it’s we’re going to keep calling you bugging you about it.
01:23:54:25 – 01:24:15:05
Chase
Oh, so that that’s when I decided to get license. I initially had no interest in doing customer work. We did a little bit, for other people occasionally. And it’s been more recently that we’ve leaned into the customer side of things when we started there. So we did, several heavy rehabs like that, and then we started basically testing, ground up new construction, what I call build the rent.
01:24:15:05 – 01:24:20:03
Chase
So we built a double single family rentals. It’s been a little bit over four years ago now. And so.
01:24:20:05 – 01:24:21:20
Rod
And that went well, triggered me.
01:24:21:27 – 01:24:40:16
Chase
You went well. It was interesting. There was more, upside on the, the heavy rehabs just because a lot of times we were getting them so distressed and so cheap. But what what really intrigued me over the first couple of years was the, the non-existent maintenance CapEx. And so I’d go, you know, I probably track this a lot better.
01:24:40:16 – 01:24:49:17
Chase
Some people track it really well, but it was usually when I went to go do my taxes, I would see how much I was spending on maintenance and CapEx on the portfolio. And then I would get to these new constructions.
01:24:49:17 – 01:24:51:10
Rod
And and there was nothing on zero because the brand.
01:24:51:10 – 01:25:06:11
Chase
New, the brand new warranties on stuff. And so very good tenants, higher rents than expected in the neighborhoods. And we’d fetch these higher rents because we do kind of nicer rehabs on when we get them so distressed. We could do nicer rehabs on the distressed properties as well.
01:25:06:11 – 01:25:13:28
Rod
But let me circle back to something real quick. Yeah. So did you have some previous construction experience I had before you got your GC?
01:25:14:01 – 01:25:15:24
Chase
Little to no construction because.
01:25:15:24 – 01:25:17:04
Rod
They usually require that.
01:25:17:09 – 01:25:25:10
Chase
So I had little to no construction experience when I moved. I had some paint. My dad was a painting contractor come, and I worked for him for several years when I lived in California. I was.
01:25:25:10 – 01:25:27:11
Rod
Young, and you could lean on that for the I was.
01:25:27:11 – 01:25:39:29
Chase
Able to lean on that, but honestly, we did several rehab projects. I got several heavy rehab, like full gut remodel projects. Okay, on my own as the owner and the permit puller.
01:25:40:01 – 01:25:40:22
Rod
In Arkansas.
01:25:40:26 – 01:25:50:28
Chase
In Arkansas. So when I moved there, from the time I got licensed to the time from the time I moved there to the time I got licensed was probably about three years. Okay. So I had three years and several heavy rehab.
01:25:50:28 – 01:26:08:25
Rod
Catches on them. So you you were able to show those and show what you did because. Yeah, I mean, I would recommend anybody listening if you can get your GC license. I’m trying to get my boy to get one. My son who moved here, because he’s having a baby. Very exciting. I’m going to be grandpa here in December, but, but anyway, you know, if you can get your GC license.
01:26:08:25 – 01:26:23:27
Rod
Awesome. But I know that they have the the the requirement that you’ve got to have some, some level of experience and I can let you, you know, deal with it. But, so, so so please continue. So you’ve been doing some you just started with some little build to rent. Please, please bring us current. I mean.
01:26:23:29 – 01:26:42:21
Chase
Yes, we’ve done build the ranch. We I went into I think it was 20, 23. You kind of intending to slow down on buying just because everything was. Oh yeah. Looking weird is all across the board. And then we unfortunately had a really bad tornado that came through the city of little Rock and like, nice parts of the city, little Rock.
01:26:42:23 – 01:26:59:18
Chase
So I kind of went from not buying anything to buying basically everything I get my hands on. There was just a lot of buildings that have been almost complete or completely destroyed, basically, like nobody else was going to touch these things. But since I had the experience with the burnouts and these heavy rehabs leading up to that, we ended up buying a ton of those.
01:26:59:18 – 01:27:01:15
Rod
And now, fantastic. What an opportunity.
01:27:01:15 – 01:27:07:17
Chase
Yeah, I mean, there was like one street where we bought that. I done that original burnout where I was telling you, right, same street contractor, same.
01:27:07:17 – 01:27:07:27
Rod
Street.
01:27:08:04 – 01:27:19:24
Chase
Was that same street. So that building was directly hit by the tornado. Wow. But I bought, 4 or 5 buildings, like four plex on that same street. So across the street, catty corner from there. Literally looks like looked like Bomb City. Oh, no.
01:27:19:26 – 01:27:33:14
Rod
I had a I had 101 unit in, Beavercreek, Ohio, a suburb of Dayton. And, they’re like, hey, we just got hit by a tornado. So I flew up the next day and I’m driving down the street and I’m like, there’s no damage. Then I see my place. I’m like, Holy wow.
01:27:33:15 – 01:27:35:20
Chase
It’s it’s wild. Yeah. I’ve never seen in person.
01:27:35:23 – 01:27:49:26
Rod
I was funny. I tell the story, I tell the story. There was a there was a woman, you know, 101 families had to move because they shut off the water and a power and everything else. And there was a woman bringing her clothes out because she was moving. She had her trunk open. And I said, were you here?
01:27:49:29 – 01:28:08:08
Rod
And she said, yeah, my son was, oh, excuse me. My son was upstairs sleeping and my son was upstairs. I was sleeping downstairs on the couch. His phone went off. Thank God, with the alert system. By the time he got downstairs and woke me up, his bedroom was gone. And I look up and holy shit, it’s just a gaping hole where his bedroom was.
01:28:08:08 – 01:28:19:28
Rod
He would have died for sure. Yeah, luckily, nobody died in this one. We had two people out of surgery. No kids got hurt either, thank God. But, you know, it’s crazy what they what what a hurricane or what a tornado can do.
01:28:20:00 – 01:28:31:02
Chase
It’s wild. So we bought several. Those were nice. It took us a while to work through all those projects. And then more recently, we’ve been ramping up on, the new construction build, the rents.
01:28:31:04 – 01:28:42:00
Rod
So you said, you know, before we started recording, you talked about a 52 unit. You’re doing the entitlement on right now. You’re going to you’re going to build basically built to rent, correct? Yes. These are going to be duplexes.
01:28:42:00 – 01:28:51:25
Chase
Yeah. So in and I say duplexes, I think a lot of people have this like a negative connotation of duplexes. They think like the little just single story rectangle things that are crap to want. Yeah.
01:28:51:26 – 01:28:52:09
Rod
How ugly.
01:28:52:12 – 01:29:13:00
Chase
That’s horrible. Nice. Townhomes are going to a two story, three bedroom, two bath, nice, one car garage. Like nicer looking ice duplexes. And so, yeah, the 26, 26 duplex is 52 units. And so that’s going again, the, initial application has been submitted, so it’s going to zoning approval.
01:29:13:02 – 01:29:24:25
Rod
So my question to you is, you know, you we for we start recording. You haven’t done any syndication yet and you haven’t really raised money. You’ve kind of done a lot of hip National Bank, correct? Yeah. What about this 52 unit. How are you funding that?
01:29:24:25 – 01:29:30:28
Chase
So that one I’m doing it with a JV partner. Oh so it’s not we’re not I’m not syndicating it. But in a way it’s I’ve, I had a scene.
01:29:30:28 – 01:29:32:06
Rod
So he’s putting up the money.
01:29:32:06 – 01:29:48:04
Chase
In the money and so and he’s a he’s a developer builder. So he does the same thing I do. He’s done build the rent developments himself before. But he’s in a different area in the market. He’s and he’s been he’s, he’s had the, the fortune situation where he’s still having a lot of success building and selling homes.
01:29:48:06 – 01:30:02:24
Chase
Oh, but he’s having a heck of a time finding build rent projects that he can get through entitlements. He’s tried several times. He just hasn’t been able to take another one all the way through entitlements. So we’re going to partner on this one to do this one, together. I’ve got another one that’s a it’s a basically a failed subdivision.
01:30:02:24 – 01:30:08:06
Chase
It I mean, he was still lingering from like 0809, which had been developed in 0809,
01:30:08:08 – 01:30:11:00
Rod
Meaning roads put in and infrastructure. But houses.
01:30:11:03 – 01:30:17:25
Chase
Oh, there was a couple of houses. So like ten houses built. And then it failed and went through bankruptcy and was tied up for a long time. And so we bought that.
01:30:17:25 – 01:30:19:13
Rod
We you bought the subdivision.
01:30:19:13 – 01:30:20:09
Chase
The subdivision. How many.
01:30:20:10 – 01:30:20:20
Rod
Lots.
01:30:20:20 – 01:30:47:10
Chase
45 lots total. So we we thought that, you know, is within, land use density recommendations and everything like that. So the lofts were plenty big enough. We didn’t think we’d have any issues getting it entitled for high end two unit townhomes. Unfortunately, the little rocks are still some small city, and there’s some politics there. And if you’re not on the right side of the politics, that stuff can get shot down real quick, which was the the case here.
01:30:47:12 – 01:31:09:24
Chase
Luckily, it’s one of those things where it was kind of more just, you know, been blessed and a little lucky in that as soon as we got shot down for not being able to get the duplexes approved, the state passed an Adu by right law. Well, that has recently gone into effect. So we’re pivoting from not going to be able to do duplexes, building single family houses to me doesn’t make as much sense down there right now.
01:31:09:27 – 01:31:18:17
Chase
For Adu, single family houses with attached, Adu units, they look very similar to a, a duplex. But there’s, there’s some that.
01:31:18:17 – 01:31:20:26
Rod
Basically are duplex, but you’re calling it an 80.
01:31:20:28 – 01:31:22:26
Chase
It’s their 80s with attached.
01:31:22:26 – 01:31:25:02
Rod
Yeah. Yeah okay. Yeah okay. Okay.
01:31:25:02 – 01:31:39:03
Chase
In cases they’re they’re two. Yeah. They’re two unit. They’re talking. It’s. And so one would be it basically think that that nicer townhome that we’re going to build in this subdivision. One unit will be the two story three bedroom, two bath, the other.
01:31:39:09 – 01:31:39:27
Rod
Single story.
01:31:39:28 – 01:31:45:02
Chase
It’ll be single story, two bedrooms, two baths. So it’d be cool because it’ll give us a unit, like mix.
01:31:45:02 – 01:32:00:08
Rod
Yeah. You have, you have you have somebody you get somebody who doesn’t like stairs and there you go. Yeah. Oh that’s funny. So it’ll be interesting. Yeah. You know, I when I built my house here on the beach across the bay here, you could, you couldn’t, you couldn’t build new. You had to, you had to say. Oh yeah.
01:32:00:08 – 01:32:20:11
Rod
Yeah, yeah. And then of course, two walls. There wasn’t even a wall. I mean, it was like, there wasn’t like nothing there. And they called it a remodel. I’m like, okay, a bit of a stretch, but, yeah. So, well, that’s exciting, man. I mean, the, you know, the build to rent model. I love the build to rent model, especially when you’re building brand new stuff like that.
01:32:20:11 – 01:32:34:19
Rod
I mean, that’s easy to rent people love it. People love not having somebody above them or below them. You know, those townhouses, you’re going to do really well with that. And so, so what’s next? What’s what’s next after that? You’re going to keep doing those. You’re going to at.
01:32:34:19 – 01:32:45:21
Chase
Least for right now, we’re going to be pushing real hard on the the build to rent. As I start to build out my business, this construction company, and we’re we’re vertically integrated to our in-house property management as well.
01:32:45:22 – 01:32:46:23
Rod
Oh, you’re managing yourself.
01:32:46:23 – 01:32:50:14
Chase
We are fortunately, a little rock and roll. This place is I’m sure the Memphis it’s hard to find.
01:32:50:14 – 01:32:51:10
Rod
Good. Oh, yeah.
01:32:51:15 – 01:32:55:14
Chase
No, it’s like for us to be successful at it, it’s the it’s almost a requirement.
01:32:55:16 – 01:32:57:18
Rod
And it’s not a huge city either.
01:32:57:18 – 01:33:13:00
Chase
So no, it’s very doable. And I just it just makes things it’s a little bit more set up on the front end, but it makes things better on the back end. But it, it we’re probably really going to continue to push on these build the rents I wouldn’t be opposed to do. And I’ve got a good friend of mine who’s out of Nashville and they do ground up new construction multifamily.
01:33:13:03 – 01:33:28:10
Chase
And so I wouldn’t be opposed to looking at that in the future as well. But the build, the rents, it just seems there’s a there’s a big demand. So we’ve got some guys who are in in little Rock and have been doing this for a really, really long time. And they build amazing high end, Class-A, new construction, multifamily, built to rent.
01:33:28:15 – 01:33:49:17
Chase
Now you Class-A multifamily multifamily. Okay. And so there’s already people that are doing that really well. We’re we’re there’s nobody that’s doing build the rent. I think there’s you know, fortunately unfortunately, I think we’re we’re going to continue to move into a renters society. I think a lot of questionable want to rent, but there’s still going to be, there’s, there’s going to be a need for the people who have outgrown the apartments.
01:33:49:17 – 01:33:56:13
Chase
And they want to rent a house or at least something that has the feel for house. Then I think the build the rent.
01:33:56:16 – 01:34:02:15
Rod
What you’re describing and Bill to rent, I mean, you can build around anything, but what you’re describing sounds really nice and very desirable.
01:34:02:17 – 01:34:18:00
Chase
And for me it’s very scalable. So like if you if you were to say, hey, I want you to, I want you to, you know, I’m gonna buy a bunch of crappy houses and we need you to rehab 50 of them. I just feel like, you know, thanks, but no thanks. It’s a nightmare to do rehabs at some point, and the more they can be very lucrative.
01:34:18:00 – 01:34:33:10
Chase
But it’s just a lot of challenges with those. The build the rent or new construction specifically is just much more scalable. So once we go in there and as we do more and more of them, it’s like it, especially when we’re building the same product. And, you know, having done all studies.
01:34:33:10 – 01:34:34:06
Rod
Yeah, it’ll be easy.
01:34:34:07 – 01:34:38:08
Chase
It’s just very scalable compared to to buying and all you have in a market.
01:34:38:08 – 01:34:56:02
Rod
Yeah. When you build the same thing over and over again, I mean, it just becomes seamless. Everybody knows what they’re doing. There’s no screw ups. There’s no change orders. There’s no yeah. So we’re seeing some crazy times right now and I’ve kind of pivot for a second just because I, I’d like to and I haven’t not had a chance to do this publicly.
01:34:56:02 – 01:35:29:28
Rod
I’d just like to, talk about how horrified I was with by this whole Charlie Kirk business and, and just, you know, it’s a sad, sad situation here in the United States. They literally just had the service for him yesterday. I don’t know when this will go live, but, I don’t know what your thoughts are with that, but, I know that, you know, I and honestly, if you’re watching me or listening to me and you’re on the side that is happy that he got killed, please block me and leave my ecosystem because I don’t have any use for you.
01:35:30:00 – 01:35:33:15
Rod
But, what are your thoughts on all that?
01:35:33:18 – 01:35:42:07
Chase
I think it’s horrific. And I think it’s it’s very sad in when I saw it. So I saw it. Yeah. And it made me sad.
01:35:42:09 – 01:35:42:29
Rod
Oh, it’s horrible.
01:35:42:29 – 01:36:06:18
Chase
That somebody that. I the and I guess I don’t follow him very closely. So I almost had to dig into it a little bit more. But everything I’d ever heard from him was a positive message. Right. And even though he was very clear what he wasn’t for. Yeah, right. Okay. With a post, he was very respectful in the way that he dealt with people and presented his argument.
01:36:06:18 – 01:36:24:06
Chase
And that was so that was just my initial reaction that that’s the only thing I’d ever seen. And so and the fact that he was killed because he spoke what he believed in. Yeah. And a lot of his message in some of this was after the fact was listen to him a little bit more. But the, you know, I’m a Christian.
01:36:24:06 – 01:36:42:09
Chase
I believe in God. He was too. But he was very outspoken about it. But he did it in a very respectful and eloquent way. It, it just anything I’d seen, never in a hateful way. So the fact that people are so negative about it, it just makes me a little bit scared. It was sad for society.
01:36:42:11 – 01:36:47:22
Chase
It’s almost that people have lost, a common sense with their ability to. To reason. Yeah.
01:36:47:25 – 01:36:49:03
Rod
At all. And it’s a common sense.
01:36:49:03 – 01:36:58:01
Chase
They sides and stuff. And so it was interesting to me because I made a post about it and, and just kind of along those lines that I hadn’t really followed him much. But it’s sad that that.
01:36:58:01 – 01:37:00:21
Rod
And did you get any hate a little bit. Yeah.
01:37:00:21 – 01:37:28:06
Chase
In in it kind of caught me off guard because the, the whole thing I posted was that it was sad that it happened. And it’s easy like for me to get really pissed off about that happening and where our country is kind of gone to. But instead of getting mad about it, we should all try to focus on just being the best kind of version and example, all the selves that we can and, and and just try to, you know, have positive influence on people.
01:37:28:09 – 01:37:29:16
Chase
And that’s what I posted.
01:37:29:21 – 01:37:30:22
Rod
And that’s what he was doing.
01:37:30:22 – 01:37:45:27
Chase
I had some people make negative comments about that. And it just it surprised me. And it, it, it it kind of pissed me off a little bit. But again, trying to just not engage with people like that, people that are going to be like that. It’s just there’s there’s no point of me even talking to them. That’s not who I want to be friends with.
01:37:45:27 – 01:37:49:07
Chase
And that’s not my audience. And it’s just it’s a sad situation.
01:37:49:09 – 01:38:14:24
Rod
Yeah. No, it’s it’s there’s such a divide in this country right now. And and I’ll tell you, you know, I don’t care what side you’re on. Being happy that somebody got killed. I have no patience for and and, I mean, I, I literally saw one of his most prolific critics, a guy online, this kid online that that was dogging him all the time, literally in tears, in genuine sobbing over hearing that this happened.
01:38:14:24 – 01:38:43:03
Rod
And that’s see, that’s that’s the the right approach, you know, that’s the right reaction as far as I’m concerned. And the thing with Charlie that I admired was, you’re right. He gave everyone an opportunity to speak. You know, I saw his interaction with a trans person, and he was loving and caring with that person. And, you know, so, so know that we live in the greatest country on earth because you can have open debate and, and and again, he was never, you know, in my from what I saw, he was never disrespectful.
01:38:43:07 – 01:39:02:14
Rod
I mean, he would joke sometimes somebody had some crazy frickin thing they were saying. He would be joking about it. But yeah. No, I thought it was horrific. And and everybody I know thought it was as well. But, you know, I, I hope, honestly that it’s, it’s they’re talking about it being a turning point, you know, that’s the name of his organization.
01:39:02:16 – 01:39:17:23
Rod
We’re seeing a lot of groundswell underneath that, possibly. And I and I hope that’s the case. I hope that, you know, that more people. I mean, I think he’s got some big shoes to fill. The people have big shoes to fill because he was I think he was like a savant. He was just so brilliant as well.
01:39:17:23 – 01:39:49:17
Rod
I don’t know, you didn’t watch him as much as I did, but he was just brilliant. And and my ex said, I think he said savant because he would have these mannerisms when he’s talking and be very, you know, animated, but regardless, I hope that more people pick up that torch and, and continue that because he, I, you know, the other piece was the impact he had on, on, on, you know, kids in these colleges and, and, and and it was a positive impact, you know, and debate is, is a positive thing that’s like like we live in the greatest country on earth.
01:39:49:17 – 01:40:05:26
Rod
We’re not in, you know, Saudi or somewhere like that where you get killed for speaking your mind, you know? So anyway, thanks for humoring me on that. I wanted I wanted to publicly say something I did a little post to, and I got a lot of hate from my post. But, I hadn’t talked about it.
01:40:06:01 – 01:40:30:13
Chase
It’s just unfortunate. He was. He was very well spoken, and he had a very good, positive message, the things he was speaking. Right. I mean, the some of the stuff I’ve listened to him is have him giving advice about being a father. So I’ve got like a young daughter and so I can relate. To his advice on being a father or marriage or, you know, being a young man and what it takes to, like, get ahead in this world instead of the whole woe is me type thing.
01:40:30:13 – 01:40:32:26
Chase
Right. So it’s just unfortunate that they’re.
01:40:32:26 – 01:40:33:24
Rod
The.
01:40:33:27 – 01:40:38:27
Chase
One that that would happen. But to the the reaction just it blows my mind. It does make me a little.
01:40:38:28 – 01:40:53:14
Rod
Bit me to piss me off. It pissed me off. But I got to tell you, it’s like, are you kidding me? It’s like, come on, you know, be respect. At least be respectful. You know, you can you can feel a certain way and, and,
01:40:53:16 – 01:41:11:26
Chase
I think you can even, I mean, again, I don’t think what he was saying was bad first night. Right? I think you could be. I think you could be even enemies with something. I could have somebody say something to me that, like, is just horrible. But at the same time, I would never wish something ill of them, right?
01:41:11:26 – 01:41:22:07
Chase
Yeah. If something bad happened to them, I’m not going to celebrate that. Specially with, wife and children and stuff. Right. I think the people that are having that reaction are just. They’ve lost.
01:41:22:07 – 01:41:38:17
Rod
It. I think they’re broken. Candidly. I think they’re I think they’re I think they’re mentally broken. You know, because. Yeah, his wife, I guess, was ten feet away when it happened. And kids too. Yeah. I mean, that’s that’s it can’t even unimaginable for as a parent. So. Well, thanks for humoring me on that, guys. For listening to all that.
01:41:38:17 – 01:41:53:13
Rod
I know it’s probably a little ad nauseam at this point because it’s been all over everywhere, but I had to say something about it. All right, we’re going to we’re going to shift gears. Now let’s talk to some about something positive. I noticed on your bio. Number one, you’re in go bunions. Yes, sir. And you’re also quite the athlete.
01:41:53:13 – 01:41:54:28
Rod
So speak about that a little bit.
01:41:55:00 – 01:42:01:04
Chase
Yeah. That well, I would say the two are probably kind of, related a little. Right. Right here. Right. A bunch of guys who are doing crazy stuff.
01:42:01:04 – 01:42:03:01
Rod
And I got let me let.
01:42:03:01 – 01:42:03:13
Chase
Me in a little.
01:42:03:13 – 01:42:20:28
Rod
Bit. Let me interrupt. So, so I, I got invited to go abundance literally. Gosh, probably eight years ago. And I just I’ve been so busy. I mean, that’s my story. That’s the story. Check it out. I it’s it’s been it’s been it’s been brought up several times over the last eight years. And I guess it’s an amazing group of men.
01:42:20:28 – 01:42:24:21
Rod
It is. But anyway, please continue. So I yeah, yeah.
01:42:24:21 – 01:42:44:23
Chase
So it’s a group. A lot of the guys in there are entrepreneurs. A bunch of them are real estate related. Not all of them, though. There’s, there’s, you know, high high W2 or high paid W2 guys and, and people from kind of all different areas. But a lot of entrepreneurs, a lot of real estate based stuff. I’ve been in there for for several years now, so.
01:42:44:27 – 01:42:54:01
Rod
Well, give it a little, give it a little, a little back. I mean, not enough background, talk about what you do, because just give it a little framework so people understand what it is for goal one specific abundance for us.
01:42:54:01 – 01:43:11:27
Chase
Yeah. So it’s it’s it’s a it’s a group of, guys who I would say want to be better in, in all aspects of their life. So you have a lot of groups like, you know, Tiger 21 and some of these other ones that are just for high net worth people or successful business people, but maybe not so many that are more well-rounded.
01:43:11:27 – 01:43:37:00
Chase
So abundance is, you know, there’s a lot of there’s some business stuff and finance stuff that be spoke. You know, we didn’t go but it’s but it’s it’s more about like kind of all aspects of your lives, your health, family, your family, your friendships, you know, your faith, giving back all that kind of stuff. So I would say it’s a little bit more well-rounded, similar to other, you know, organizations or groups.
01:43:37:00 – 01:43:56:18
Chase
We’ll they’ll have conferences and they’ll bring in speakers and stuff like that. But again, it’ll be a mix. So they won’t just it won’t just be all business. I’ll have a business speaker and then a fitness somebody speaking about fitness or health and, or you know, they may have smaller events where it’s just been, you know, I did one recently where was just leadership and the one before that was just about health.
01:43:56:18 – 01:44:00:07
Chase
And so, it’s a good group of guys. And again, how.
01:44:00:07 – 01:44:01:07
Rod
Long have you been in it?
01:44:01:09 – 01:44:19:16
Chase
Since, I think since 2021. So. Oh, wow. Wow. Now, well, it’s you have accountability pods within that where you have, almost like smaller groups of guys that get together on a regular basis. And it’s just kind of, you know, accountability stuff. So what are you working on right now with it’s business for health or whatever, and how can we, you know, what are you going to do to move the ball forward?
01:44:19:16 – 01:44:43:16
Chase
How can we hold you accountable? There’s something called a one sheet, which is kind of like a structured, mix between a goal setting worksheet and, and just kind of tracking some of your stats, like a baseball card. So whether it’s, you know, vertical earned income, passive income, you know, network, that kind of stuff. And but it’s also, you know, body fat percentage, you know, and, you know, relationship goals and all that kind of stuff.
01:44:43:16 – 01:44:59:27
Chase
So it’s a mix of everything nice. And then you have the triathlon thing. Fitness is always something that was kind of a struggle for me and something I will. I make, priority. It’s over the last couple of years, it’s like one of those. I have different pods, too. One of them is like, it’s just developers, and that’s all we’re talking about is developers, right?
01:44:59:27 – 01:45:16:20
Chase
There’s a lot of property management. And I ended up in one that was a lot of guys that are in super good shape, and one of them was a formal Ironman athlete and coach. No one was training for, half Ironman. And so I signed up a couple years ago and I did my first half Ironman. And since then I’ve done a couple of them, a couple more.
01:45:16:23 – 01:45:30:02
Chase
And then just recently I did so this year in the spring, I did a Half Iron Man, and then I trained up and just completed a full, full Ironman and and go, where was it? And you go, but the style somebody gave me the recommendation. They’re like, hey, if you’re going to do it, you should do it somewhere that’s badass.
01:45:30:02 – 01:45:42:01
Chase
Like a bucket list type area. Coupled with if you spend all this time training, you should do it somewhere cool. Your wife’s looking forward to it because, oh yeah, I’m going to be gone a bunch. But we did it. And, it was in Thun, Switzerland. Oh no kidding. Yeah.
01:45:42:06 – 01:45:43:12
Rod
So. And when was it?
01:45:43:15 – 01:45:46:16
Chase
It was the 24. So it was about three weeks ago.
01:45:46:17 – 01:45:48:10
Rod
Oh was it cold already?
01:45:48:13 – 01:45:52:02
Chase
The weather was moderate. The lake that it was in was a glacier.
01:45:52:08 – 01:45:55:07
Rod
Oh good God. You swam in a great lake. Glacier Lake.
01:45:55:07 – 01:46:05:02
Chase
The lake was quite cold. The inside that caught me a little bit off and we were in full. I was in full. Wetsuits were required, so. Oh, of course it still surprised me a little bit. Wow. Coming from coming from training.
01:46:05:05 – 01:46:07:26
Rod
And that makes it so much harder to swim in a wetsuit too. Good.
01:46:07:26 – 01:46:09:00
Chase
Lawrence. It’s that’s.
01:46:09:00 – 01:46:09:29
Rod
Restrictive and.
01:46:09:29 – 01:46:30:10
Chase
It’s a long. The distances are pretty wild. So I’ve done the halves, but the it was a weird feeling because you swim out a couple hundred yards and you hang a right, and then basically you go down half ways, you go out a little bit farther, and then you come all the way back. And when I went out there and swam out and kind of turned to the right, and I looked up initially like, you can’t even see you physically can’t even see the halfway point.
01:46:30:10 – 01:46:32:09
Chase
It’s so far away. And so it gives you a little bit.
01:46:32:15 – 01:46:46:04
Rod
Oh well, congratulations brother, because that’s that’s, that’s, that’s a real and go abundance inspired that for you. Yeah. But this is kind of like a sales pitch for go bunnies. But I, I there’s about by the way I don’t get anything for this. I just heard good things about it for almost a year.
01:46:46:04 – 01:47:05:20
Chase
There’s a bunch of guys in there that have done for Ironman. It’s it’s just not that uncommon for people. So you talk to a guy. It was I was having so a good friend of mine. Now we recently started doing a podcast, my friend that I’m all court cast with, I was having lunch with. We’re actually at a multifamily event in Seattle about a year ago, and I just finished my first half Ironman.
01:47:05:20 – 01:47:18:03
Chase
I was training to do my second half Ironman. I was having lunch with him and he looked me dead in the eye and he’s like, you know, it doesn’t count until you do a full one, right? Hahaha. I’m like, come on man, you dumb one. He’s like, oh yeah, I did one two years ago and I’m like, well, okay.
01:47:18:05 – 01:47:19:13
Rod
There you go, there you go.
01:47:19:16 – 01:47:24:14
Chase
You hang around the hang around with a bunch of guys. That’s just a normal thing. And it’s like, yeah. And that’s cool.
01:47:24:16 – 01:47:33:06
Rod
And that ship has sailed for me. My knees are shot. I ride this gay elliptical bicycle around the neighborhood to the amusement of my neighbors. Oh, yeah, it’s the gays. Then you’d be.
01:47:33:06 – 01:47:38:00
Chase
Surprised. There’s a there’s a guy at that race that I did. I did he was 75 years old.
01:47:38:00 – 01:47:39:01
Rod
75.
01:47:39:01 – 01:47:45:26
Chase
He finished the the cutoff is like midnight. And I think he finished like a few minutes before the economy. He made all 75 year old.
01:47:45:27 – 01:48:16:00
Rod
Oh, wow. Okay okay okay. No. So don’t. And I’m going I’m not sure I’m going to, to you want to again for stem cells here in two weeks. You know the place Joe Rogan talks about I’m going to CPI Institute again. We’ll shout out to that man that’s been incredible. I’ll tell you guys. Let me just shift gears for a minute on, on, biohacking because, you know, I was talking on social media, I’ve called it the Butt Capades because I literally my in my ass, there was a, there was a muscle called the performance in your, in your underneath your glute.
01:48:16:07 – 01:48:34:09
Rod
And I could barely move. I literally couldn’t walk 30ft without being excruciating pain. And I discovered that at a pinched nerve in my back. And I went and got PRP, platelet rich plasma here in Sarasota. Within a week, it was gone. I’m completely healed. And I literally was immobilized for a month. And and if I had gone to a surgeon, they would have caught me.
01:48:34:16 – 01:48:52:11
Rod
Okay. And I instead I got some injections and I’m great. And, you know, I went to I went to the CPA Institute about 90 days ago for my knees and and they’ve greatly improved. I’m dying to see the MRI because they do a number another MRI on your follow up, but, but yeah, I’m going to go there again and get that done.
01:48:52:11 – 01:49:14:11
Rod
Some, I don’t know, maybe I can run again. I mean, I ran for decades. And, what what what happened was I was doing leg extensions, you know, where you’re sitting in your in your in your all the pressures on your knees, you know, you’re you’re sitting you’re kicking up your feet up. And I don’t recommend that to anybody actually, if you’re going to do that, do leg presses instead because you’re using your whole leg, but your knees are made for that kind of weight.
01:49:14:13 – 01:49:32:08
Rod
But I heard them both pop when I did it. I was doing too much weight. Heard them both pop. Did that. Didn’t hurt. Actually. It hurt once I started running again. But anyway. So biohacking. I mean, I don’t know if that’s classified as biohacking, but but I, I’m a huge believer in PRP platelet rich plasma and stem cells.
01:49:32:08 – 01:49:52:10
Chase
Now I haven’t done the stem cells yet. It was. And again going back to the whole go one it’s thing, it’s if having dinner one night with a guy who he’s he runs a stem cell clinic out of Costa Rica. Yeah. There you go. There you go. Yeah. But learned learned a lot from him about it. And he was a big proponent of like, you know you don’t need it right now.
01:49:52:12 – 01:49:53:02
Chase
Come down.
01:49:53:03 – 01:49:53:13
Rod
To the.
01:49:53:13 – 01:50:09:01
Chase
IV. Or they can pull your stem cells and freeze them for when you need them later. Oh yeah. Oh shit. So that way they’re they’re available to you then. And he’s like, it’s better, you know, doing, you know, getting them harvested when you’re 39 versus older. Not. How old are you. Yeah I’m 30.
01:50:09:01 – 01:50:16:22
Rod
Now. Oh you’re 39. And so you I’ve got socks that haven’t, two decades, you know, at least a decade on you the triathlon, those stuff.
01:50:16:22 – 01:50:43:06
Chase
So I, I’ve got a bad family history of like cardiovascular disease. So I and I’ve got the bad, the bad cholesterol that can cause the plaque buildup. Right. Yeah. It’s had, like, an extreme, extreme problem with the plaque buildup. And again, through, through that group, I recently went down and did a, like a preventative heart scan in, in Texas, but, it’s wild now because they do a former eye of your heart.
01:50:43:06 – 01:50:58:01
Chase
One is clean, they use eye, they run it through eye and they can look at all look inside. Oh that’s cool. All the arteries and stuff and they give you a percentage. The biggest thing is like you can take bloodwork tests. But they can’t necessarily like always identify the plaque build.
01:50:58:04 – 01:50:59:18
Rod
I’ve done calcium score with.
01:50:59:18 – 01:51:15:21
Chase
The calcium scores. Like I guess a really low level of that because this heart scan can actually look and see if you’re starting to get that soft plaque. Oh wow. They get ahead of it and try to treat it wow. And advanced it again. It’s, my my father’s really I mean, he’s had some severe, like, full clogged arteries and stuff.
01:51:15:21 – 01:51:28:15
Chase
Oh, wow. And so I’m very high risk for that. But again, with all this, I think with all this triathlon training and stuff. Oh, I did that heart scan, and it was there was literally like, even the doctor was surprised with the the that bad.
01:51:28:20 – 01:51:29:17
Rod
How good your heart looks.
01:51:29:17 – 01:51:30:15
Chase
And how good.
01:51:30:17 – 01:51:53:10
Rod
Yeah. I’ll tell you. You know, I’ve, I’ve got, I my father had three brothers, and the only one still alive was a jogger. Okay. He’s in his 90s now, and he’s the only one still alive. Everyone else is gone. But, no, I’m a big proponent. Now, the other thing that I’ve learned fairly recently is that sauna use, regular sauna use cuts your risk of a cardiac event by 50.
01:51:53:10 – 01:51:54:09
Chase
Percent, 50.
01:51:54:16 – 01:52:11:26
Rod
50. So I don’t know, when you go out and you can see my son on the bay here. I’m blessed. I’ve got this beautiful infrared sauna with a commanding view of the whole bay. But, I was just. In fact, it’s just funny. My ex is here for a few days because she’s moving and she’s got stuff here, and she’s like, you haven’t been doing the sauna, have you?
01:52:11:26 – 01:52:16:23
Rod
I’m like, oh, yeah, I’ve been slacking on there. But, but yeah, so that’s something else.
01:52:16:23 – 01:52:21:14
Chase
I don’t know if you do that or not. Yeah, I try to. I probably don’t do it. I know you have to do it for a certain length of time.
01:52:21:14 – 01:52:28:06
Rod
I it’s 15 minutes, 15, 20 max. But, but and I’ve got my cold plunge out there. I did do that this morning. So that’s I the.
01:52:28:06 – 01:52:29:02
Chase
Cold plunge is no.
01:52:29:02 – 01:52:31:16
Rod
Joke. Oh it’s awesome. And I freaking love it.
01:52:31:20 – 01:52:39:18
Chase
I would do it when I was swimming for the Ironman and a cold plunge by the pool, and so I was better about doing it, but know that’s uncomfortable every single time you get in it doesn’t matter how.
01:52:39:19 – 01:53:01:00
Rod
Oh yeah, I know you can’t think about it. You just have to do it. You just. Yeah, I, you know, like, I just force it not to think about as I’m walking out there in my Speedo, and, and I don’t, you know, I just think about it. So one of the things I like to ask when I have my boot camps and I’ve got my panelists on, on, you know, as answering questions for my participants is talk about a time you got your butt kicked.
01:53:01:00 – 01:53:14:16
Rod
You know, a seminar I call them, you know, and the lesson and I know that you’ve got a full menu of them to choose from. Anybody that’s in real estate does, talk about a doozy and maybe the lesson in it, if anything comes to mind?
01:53:14:19 – 01:53:25:02
Chase
Yeah, it’s funny, it’s one of those things where if you’re actively investing in real estate, it’s going to happen so often and then so much it’s almost hard to narrow it down, I know. Right. Exactly, exactly.
01:53:25:07 – 01:53:27:03
Rod
Yeah. So what do I choose?
01:53:27:06 – 01:53:47:26
Chase
You know, one thing that comes to mind to me is it probably because we we did specialize in a lot of these, these rehab stops. Boom. It was just early on, underestimating the scope of work in the budgets for these rehab projects. Right. That’s something I personally screwed up often and over and over again. And I see it a lot with new investors.
01:53:47:26 – 01:54:10:29
Chase
They’ll they’re in it can even be on smaller rehab stuff, but maybe a larger scale because there’s more units. But yeah, it’s you you can want things to be cheaper, but at the end of the day it’s going to cost what it costs. Right? You’re just a whole lot better off being realistic on the front end, what something’s going to cost and then not getting yourself kind of tight or in trouble on a deal or on a project.
01:54:11:02 – 01:54:12:24
Chase
And so I would say that’s something that’s.
01:54:12:24 – 01:54:13:21
Rod
Huge, that’s huge.
01:54:13:21 – 01:54:36:24
Chase
Early on and on, some of my small multifamily, because we did heavy rehab multifamily projects. But it’s like I would go in, I’d want to be able to do a full gut rehab on on the units at 30,000 unit, but it’s just not it wasn’t realistic. No. There’s been upfront and upfront, so I didn’t get surprised. More funding in place and not have that extra stress over there.
01:54:36:27 – 01:54:52:28
Chase
And then I guess the flip side of that is, I would say is the cool thing about real estate, as long as you’re still buying good deals, you’re, you’re operating them. Well, it’s wild to me. And I’ve been doing this for a fraction as long as you have, but just in the time I’ve been doing it, how a little bit of time kind of heals.
01:54:52:29 – 01:54:53:25
Rod
Time heals all wounds.
01:54:53:25 – 01:55:12:21
Chase
Yeah, it just with real estate, as long as you’re, you’re buying good deals and you’re doing things the right way, you’re not ripping people off. It’s just if you can give it some time. Almost every time I’ve had these major mistakes, where I’ve bought something was way, way over budget. It’s just like, as long as I can get to that finish line, rent it out.
01:55:12:24 – 01:55:19:21
Chase
You know, it’s just it kind of heals those mistakes. Yep. And none of them have really. You know, I think I’d been been.
01:55:19:23 – 01:55:40:22
Rod
Too big business threatening, thank God. You know, that’s not business threatening. Those are the what? Those are the ones you want to worry about. Well, so let’s end with this. You know, I think, you know, the people, there might be some guys listening or leaving lady listening that maybe have some construction background. Maybe they’re, you know, plumbing, electrical, electrical, drywall, painting, roofing, whatever.
01:55:40:29 – 01:55:56:24
Rod
And they’re inspired by what you’re doing with your GC license, where you’re building to rent and, could you maybe give them some tips, any, any, any suggestions or, you know, any anything you might share with them? Let’s encourage them. Yeah, absolutely.
01:55:56:26 – 01:56:12:10
Chase
I think it’s extremely valuable to learn and to get into. And I think at least this is how I learn stuff. And I think it’s really important. But at the end of the day, I think it’s important just to just to do it. And and sometimes it’s like I look at it like I’m paying for an education.
01:56:12:12 – 01:56:33:14
Chase
So the first ones I did, did not go nearly as well is the ones we’re doing right now. I think it’s a sometimes I think you just got to kind of go for it and do it. With that said, if there’s any way you could really lean on somebody who has the experience. Yeah. And kind of benefit from some of their experience and the road bumps that they’ve the things they’ve learned the hard way.
01:56:33:16 – 01:56:52:23
Chase
I’d highly recommend that. And I think especially with, ground up new construction, it’s a little bit easier to, to maybe find somebody that’s got the experience because you’re willing to help. We’re we’re building a lot right now for other investors. We’re not charging a ton or making a ton on any one of them. It’s just a volume thing for us.
01:56:52:23 – 01:56:56:09
Chase
We’re it’s allowing us to continue to scale what we’re doing internally.
01:56:56:14 – 01:56:57:18
Rod
Keeps your subs busy and.
01:56:57:18 – 01:57:15:16
Chase
Keeps our subs busy. It helps cover some of the overhead costs. And so it’s like we’re there’s still meat on the bone and some of these new construction projects that we’re doing for other investors. So if you could find somebody in your market who’s willing to do that, even if your end goal is just to learn how to do it well so that you can you can kind of take it over and do it.
01:57:15:16 – 01:57:30:27
Chase
Your own in the future. Yeah, I see that’s a great place to start. For me personally, I was fortunate that I happened to meet a home builder, that I built a good relationship and record with that. When I went to build the new construction houses, I was able to lean on him heavily. Still was really scary, right? It was still very stressful.
01:57:30:27 – 01:57:44:07
Chase
And it’s funny to me now because I look back now and he thought I was nuts for buying these. Like, oh, turned out for plexus and rehabbing those. He’s like, I don’t know why you’d ever want to do that. Then I was nervous to do the new construction. So now looking back, I can see why. Why don’t you get the hang of them?
01:57:44:07 – 01:57:45:14
Chase
Oh yeah. There’s so much easier.
01:57:45:14 – 01:57:47:29
Rod
Oh, sure. Than to than to rebuild. Oh, yeah, I do.
01:57:48:00 – 01:58:03:13
Chase
It is intimidating when you haven’t done one. So I’d say if you have the construction experience, like trying to find a GC who’s who’s going to be up front in honest about cars and not try to rip you off. Unfortunately, there’s a lot of builders out there who are like, they try to sneak in their profits instead of being upfront about the profits.
01:58:03:13 – 01:58:16:20
Chase
And so I just make sure that you’re on the same page, about what’s hard cost and what’s what’s kind of profits that are being charged through the GC. But if you could find somebody that experienced really lean on them to to help you with the first couple, that’s that’s great. Oh, that’s a no brainer.
01:58:16:22 – 01:58:30:14
Rod
No, that’s that’s great advice and that’s the way it should be done. Well listen, Chase, I really appreciate you coming down and coming on the show that you’ve added incredible value. It’s been a wide ranging conversation that I’ve enjoyed immensely. And, and I appreciate you coming in here, but absolutely.
01:58:30:14 – 01:58:30:29
Chase
Thanks for having.
01:58:30:29 – 01:58:31:22
Rod
Me. I absolutely.
