Chiropractor and real estate investor Chris Safferis reflects on property appreciation with host Paul Morris after buying a home following the 2008 crash.
Disclosure
Chris Safferis pays tradesmen full asking rates for demanding craft standards
“No, in fact, I give them exactly what they want to because I'm demanding. I like it to turn out the way I want it to turn out, and they're already, I'm paying them exactly what they want, and they still kind of Don't want to stick around sometimes because I'm …”
Disclosure
Safferis: Bought Venice Beach house using $7,000 FHA loan
“I had like 7000 dollars from my father's... It was nothing, you know, and I took all that money and did a FHA loan. I bought the house.”
Assertion Partly supported
Safferis: Venice Beach homes were $150K in 1994
“All day long now, but back then you could get them for a 150.”
Assertion Contradicted
Safferis: Venice Beach home sold for $980K in one day
“And I go, if I can get nine 80, I'm leaving. And he goes, you're getting more than 30% what anyone else has ever got in your, in this area. And I go, well, that's what it's going to take for me to leave. And I sold it in a day.”
Assertion Not checkable as stated
Safferis: Live-in home renovations built more wealth than chiropractic career
“Every single time, Except for Joshua Tree, I have lived in the house that I am working on, and I don't know if that's a good thing, you know way better than me, but it has grown my wealth way more than chiropractic”
Assertion Not checkable as stated
Safferis: Venice Beach home build cost under $100,000 using DIY labor
“I remember I told the building department I was going to build the whole house for under a 100,000, because they wanted to tax me all this, and I'm like, and they laughed at me, and I'm like, you can't laugh at me. I could, that's, I can do, I'm building this …”