Buying, Building, & Developing Real Estate

OUTdrive Episode 90 with Russell Childers

Entrepreneurship has evolved over the years, but one thing is for certain, the American Dream is still alive and well for those who are willing to work for it. In this episode of OUTdrive, I sit down with business owner Russell Childers to learn more about what it takes to be successful in real estate development.

Russell is the president of RAC-JAC Properties Incorporated, which owns and manages numerous types of business and real estate ventures. He is the definition of self-made and has been doing business in Sedalia and the surrounding area for the last 44 years. A lifelong Sedalia resident, Russell bought his first home when he was just 18 years old. He graduated from Otterville High School and attended SFCC Vocational Technology classes as an upperclassman. Russell is heavily involved in the Sedalia area, serving on community boards and supporting local schools.

Tune into this episode of OUTdrive to hear from Russell about current projects he is working on, how he identifies potential properties, and lessons learned from over 40 years of entrepreneurship.

SHOW NOTES

• 2:30 – Russell shares a little about his background and upbringing in the Sedalia and Otterville area
• 4:30 – Russell tells Cliff about his main buying focus right now in Florida and around the Lake of the Ozarks
• 7:05 – Russell shares what he looks for when buying property and what excites him when it comes to certain projects
• 9:20 – Russell shares where his vision for buying property came from and what advice he would give to his younger self
• 13:00 – Cliff and Russell discuss the struggle business owners face when they retire and transition out of a business and hand it off to a new owner or family member to take over
• 15:50 – Russell explains why trust and relationships are critical to success in his business, especially when it comes to advertising
• 21:10 – Russell shares how he got involved with schools in the community and where that passion comes from
• 27:15 – Russell shares his closing thoughts on healthy competition and his current projects down at Lake of the Ozarks