In this episode of The Passive Income Attorney Podcast, Seth discusses with expert multifamily investor, Alex Kholodenko, how he used his W2 income generated in big tech to invest passively in commercial real estate. If you want to learn how to invest smart and avoid common investing mistakes, make sure you listen to Alex, who shares his extensive experience in real estate. Enjoy!
“You’ve got to understand the basics and the fundamentals: the business plan, the market, the projections, and the risks.”
HIGHLIGHTS:
1:48 – Alex talks about his background.
4:46 –Alex talk abouts his “a-ha” moment while working in Silicon Valley and explains how networking helped build his business.
8:38 – Alex explains the importance of focusing on strengths to have a successful real estate business.
9:50 – Seth asks Alex why his 401(k) alone was not enough for investing.
10:08 – Alex reveals how he uses diversification to get 15 to 20% annual returns on his investments.
13:17 – Alex explains how he got started with crowdfunding.
15:46 – Seth asks Alex the difference between investing in crowdfunding versus real estate syndications.
15:57 – Alex explains the importance of understanding the basics and fundamentals.
18:01 – Alex explains how he transitioned from passive investor to active investor.
21:07 – Seth asks about balancing a W2 with investing passively.
23:34 – Seth asks about Alex’s biggest investing mistake.
23:43 – Alex explains the importance of understanding the management team.
24:18 – Seth asks about Alex’s biggest investing success story.
26:12 – It’s time for the Freedom 4.
26:30 – What’s the best thing you do to keep your mind and body healthy?
26:56 – In an alternative universe where you weren’t involved in real estate, what would you be doing?
27:47 – Where were you at five years ago and where do you see yourself five years from now?
31:28 – How has passive income made your life better?
FIND | ALEX KHOLODENKO:
Webpage: wealthymindinvestments.com
Email: alex@wealthymindinvestments.com
FULL TRANSCRIPTION:
Seth:
What is up everyone? Welcome to the new episode of the Passive Income Attorney Podcast. Thanks for joining in on the fun. When you have a moment, go check out escapethebillable.com and snag our free passive investing guide. It’s absolutely free. Most of the time when we think of the Bay Area or San Francisco or Silicon Valley, you know, we think about big tech, stocks, startups, things like that. Well, our guest of honor today works in big tech in Silicon Valley. But instead of rolling with his colleagues by investing in stocks and startups, he actually uses his active W2 income to invest in commercial real estate. Alex Kholodenko has over 10 years of real estate investing experience, and has spent over 20 years in the high tech software industry in the Bay Area as an IT professional. He’s the managing general partner of Wealthy Mind Investments, a firm specializing in helping busy professionals invest in tax efficient real estate funds. Alright, let’s get started.
Seth:
Mr. Kholodenko How’s it going, man?
Alex:
Outstanding. Hello from Silicon Valley.
Seth:
Awesome, man. Happy to have you on.
Alex:
Thank you for having me.
Seth:
Of course. Tell us a little bit about your background. Your story, man.
Alex:
Yeah, thing. Thank you. Thank you for the opportunity to appreciate that. So my background is I was born in Ukraine. I am an immigrant, first generation immigrant and I came to the United States more than 45 years ago. And ever since then, I have lived in the area. Don’t ask me why. My aunt, my uncle that is picked up one of the most expensive places to live and we have immigrated with my parents. And since then, I have met my wife, I have two children, two boys age 12 and 18. And always been in Silicon Valley. I love living here. My background is in tech. I’ve been working for startups and larger corporations including fortune 500 companies such as Capital One, Wells Fargo, a lot of financial background and always been kind of fascinated with financial services work for a mortgage company at one point that’s where I learned all the underwriting rules, even during fun times in subprime base with zero down payments and you know started the real estate investing kind of journey as a side business more than 10 years ago, just like most people, I did single family homes for a while try to crack that code to certain degrees certain fail or certain successes build homes flip homes did some joint ventures lending money to actions bought some live actions, a home including land and ultimately nothing seemed to stick for a while until I realized that I needed to buy more time. As a busy professional. I have a demanding job but demanding business, not only business but life in general. There’s so many things to do right including your interest. And that’s what I found the syndication model was very good for somebody who is a busy professional, sure, and never looked back. I mean started investing passively. Luckily for me, I had some stock portfolio that I built over time that I had to kind of reposition and prove, tried, tried that to prove the model whether it worked and made six figure income in that. And the last year I launched my own company together with my business partner called wealth in mind. I am a big wealth and mindset believer that in order to accumulate wealth, you have to have to start thinking about wealth and act like wealth, in person right, and now I’m helping other people to invest when we find the good deals together with my business partner is specifically multifamily.
Seth:
Awesome, man at what point, What point in your career Did you kind of have that a-ha moment? Was it in the middle of you know, a crappy flip, like, hey, I’ve had enough of this. I’ve gotta find another way and then you found syndications or you know?
Alex:
yeah, I think it was a combination of different things. I mean, you know, I got excited about real estate for a long time ago. I don’t know whether many listeners of yours are you know, getting excited about watching, you know, flippers saw on TV. So I always have in the back of my mind, man, if these guys can do it, you know, I can, I’m a smart guy, I can figure this out. But at one point, I realized, you know what, I suck at construction, I don’t understand a lot of these moving parts. And, you know, I have used the form good relationship with other people. But I have used partnerships and joint ventures to certain degree, but some of them did flop. In fact, you know, I partner up with one guy who is a professional flipper, that’s what he does for a living. And we did build a brand new home, he purchased a lot. And then it took about a year and a half this way over budget way over time. I brought a buddy of mine together as a third joint venture person, and we funded the entire project with him, and we’re like, man, when are we going to get out? How long is this gonna last? And how much can can will? The minimum can we lose, because you know, the projections are super high, we started lowering the price. It was about two hours away from Seattle. I mean, the location was not super great, but it’s still okay, in a smaller town, where there was, you know, we build one of the best houses, your neighborhood, right? That’s Mistake number one, right? You never want to have the best house out there. There are some bigger homes, but ours was one of the biggest one of the fanciest one of that, so they didn’t work out. And then, you know, to me, I think that was the sticking point. And I said, You know what, I’m not a flipper, I don’t want to be a flipper. But there’s got to be a different model out there. So I started looking around, you know, for something bigger, more scalable, and more passive. You know, I’m a big believer in, you know, invest, forget about it, create systems, and just by time, you know, because there’s so many other things that they want to do besides working. I love travel, like many people do, right? And that’s where I, you know, I was googling, searching, you know, exploring different options, talk to a lot of people went to a few conferences, and sometimes you know what, this makes sense, right? Where you’re buying something bigger, more scalable, where you are passive investors. And then over time, that’s how I evolved, right? I was passive. In many, many deals, I have invested in probably close to 50 deals, some of them were smaller investments to crowd funding platform. So I didn’t invest, you know, hundreds of 1000s of dollars into each deal, right. But I tried that model, and it seemed to work. Some of them I did lose money. Not every deal went full cycle according to projections. But over time, I did cashed out really well, multiple deals that over deliver performing. As you know, real estate has been doing really well, at least the last five years, right. So I, like I said, I proven the bottle to myself. And that’s why I decided to launch my own my own firm where I’m an active syndicator, as well as passive.
Seth:
Yeah, yeah. And I mean, real estate, it’s on a spectrum, right? I mean, it depends on how much time you have, you’re busy w2 professional, and you have a really high demanding job, it’s gonna be really difficult to flip full time, or even flipping on the side or wholesale or anything transactional like that. And then somewhere in the middle you might have, you know, buy and hold, you might have, you know, turnkey investments, but you’re not gonna see the returns you necessarily want to see. And then on the other side, on the really passive side, you have the syndications where you’re really just betting the sponsors in the market and the deal up front. And then after that, it’s completely passive.
Alex:
But I mean, at some point, you know, the goal for everybody I’m sure is to accumulate enough assets, that you can be totally passive, right, but until you get to the threshold, a few million bucks, and then you got to bust your butt to get where you want to go. Right. And I think a lot of people also under estimate the effort that involves, I mean, you know, you talk to everybody out there, most people are either curious or interested or want to be in real estate, but it’s, it’s a grind, man, as you know, it’s a lot of time, you know, building relationships, studying the markets, understanding the numbers, there is a lot of moving parts. And I would say, I think it’s very important to realize what your strengths and weaknesses are. I think a lot of times I was thinking that I know at all, I am a Superman, and at one point, I realize I’m not. Yeah, like I said, You know, I realized, you know what, construction is not my forte, I suck. And it’s okay. You just got to be honest to yourself, and you know, let somebody else who is good at it, who is enjoying that, you know, who has maybe architectural background or construction background, because real estate as we all know, it is a team sport. It’s a team game.
Seth:
Yeah, yeah. Leave it to the experts. I mean, everyone has their niche, so yeah, so why is the tech guy investing in real estate man, why was like why was your 401k Hey, not enough for most people, they’re just like, you know, let’s plug as much money into that let’s invest in stocks and bonds. You know, why was that not enough for you?
Alex:
Yeah, so I still have exposure to the stock market as well. But at one point, I started to kind of study what successful people do what ultra wealthy wealthy people do, um, you know, there was a common denominator, which is certain holdings were real estate related. I mean, it is very difficult to create passive income that is a tax efficient with 1031 exchange, deferrals through the stocks and real estate does allow you to do that. So if you’d like to, you know, have a cash flow sort of lifestyle. You know, it’s hard to create that kind of income from the stock portfolio itself. And, in fact, you know, a lot of my friends are also starting to shift some of their portfolio because it’s also mindset, right? If you’re working in technology space, like I’m in Silicon Valley, right? That’s what we’ll do. That’s what we know. My friends on Facebook, apple, you know, Google’s small startups. And when it comes to syndication a partner to them is it is a foreign concept. Yeah, but slowly, but surely, you know, because a lot of these people are very analytical, they’re into numbers when you start to break things down to them and tell them, Hey, you know what, I understand that Facebook and Google could grow or potential other stocks could grow, but they could also stagnate lose money. And it’s hard to create those tax efficient passive income where you just collect a check, right? So why don’t you diversify? And that’s what I started doing, I started to diversify and shift some of my portfolio from some volatile or some of the bonds or, you know, money markets that were not producing much into more growing cash flow in assets with an equity upside, because, you know, ultimately, we’re all looking for, you know, 15 to 20% annual returns, which, which is doable, if you do your due diligence on an operator and, and find the right deal in the growing market. Right?
Seth:
For sure. I mean, that’s hard to find, even if you invest in just like an index fund or something like that, we’re gonna get wide brush to the market, it’s, it’s really impossible to do it, you can’t really beat the market. So if you want those kinds of returns, you need to look at real estate, and you need to look at alternative assets. Yeah, and you’re definitely going against the grain of a lot of your colleagues.
Alex:
Yeah, no, no, but you know, it’s funny that you say that, but I think over time, perception does change. Some friends are still kind of on the lookout, like, what is this guy? Real Estate syndication, you’re buying a group but you know, slowly, but surely people do come around, I have some friends that are now that are more curious that are opening up, open up to at least an opportunity to educate themselves, because you’re not going to invest if you don’t understand what it is, right. So the step one would be to at least explore. Does this make sense? And for some people, it might not be the right choice. It is okay.
Seth:
Yeah, for sure. So, you know, after you started investing passively, how did you how did you find that first deal? And, you know, what are some tips maybe to find that first deal or to vet those sponsors?
Alex:
Because I’m, you know, I’m analytical engineer; kind of tech guy was online. So I started investing through crowd funding platforms. You know, back in the day, there were many and there still are. So that’s, that’s how I got started. In fact, one of them went out of business together, called realty shares this very large venture capital funding, I think they’re raised close to 50 $60 million. And some of the deals I’m still holding, believe it or not, were invested more than four years ago, five years ago. And, you know, some of them I did cashed out well, they beat the performance. Some of them underperformed, some of them, I lost money. I’ll be totally transparent with you. And I actually met the CEO at one of the networking events. Very young guy, cool guy, he said that we just over leveraged company, they just hired too many people. They grew too soon, too quick. And, you know, in a nutshell, you’re looking back, what would I have done differently? I mean, at one point, I educated myself and I said, you know, what? paralysis analysis, I have some money to invest. Okay, let’s shift from stock market to real estate and I just died it right. Could I have done more research, talk to more people, analyze more deals, probably. But you know, in retrospect, sometimes you just need to, you know, pull the trigger and the end of the day, it’s still a risk, man. As you know. There is no guarantees. If you want to have a guarantee, then it’s FDIC insured savings account that earns 0.5% you talk to a few advisors Or more experienced investors, make sure that you talk to somebody who has a track record who is experienced in what you want to invest to. Because you know, as we know, real estate, there’s so many different niches. Right. So don’t talk to syndication to flipper. Does this make sense? Yeah, talk to somebody who’s been investing in a space that you want to invest. Right? As them you know how to evaluate the deal, then I’m a big believer in going to networking events. I know it’s difficult now, because of COVID. But you know, there’s so many zoom calls, networking mixer, business mixers online, you know, Facebook is exploded, LinkedIn is exploding. Just reach out, there is a lot of people out there that are more than willing to help you and share the knowledge.
Seth:
Yeah, for sure. Now, what’s the difference between, you know, investing in a crowd funding platform versus just directing directly investing in a real estate syndication deal?
Alex:
Yeah, so the biggest difference, there is no personal touch, right. So for example, there is an 800 line, you call them, nobody picks up the phone. And they might call you back three days later, when you’re not available, they’ll send you an email. So when you actually syndicating with, with somebody that you actually know, or you you, hopefully you know, that person you trust, and you like, because most likely you’re not going to invest with anybody that you don’t like no trust, right? I mean, that’s how it works. And just make sure you ask some of the tough questions that are out there, that you got to be absolutely 100% sure and positive that, that you have all the answers that you need, because we’re not talking about small change, right, the typical investments are 50 to 100, sometimes even more, right? So if you don’t feel like that person is answering the question, that person is not genuine, that person might not have the answers, but that is not getting back to you like responsiveness. For example, if somebody promises to you to get back to you, and they’re not doing that, that should send you the wrong message. You know, just be careful, probably not not a bad, not a good idea to continue, explore investing with them. And ultimately, you know, you got to understand the basics and the fundamentals, right, we’re not talking about maybe reading ppm from A to Z. But nobody has time for that, or no desire or expertise. But what I’m trying to say is, you know, understand the business plan, understand the market, understand the projections, understand the risk involved that as well, as you know, hopefully, you, you, you vet out the operator that has a track record, right?
Seth:
Yep. For sure. Yeah. Are there any differences in let’s say, you know, the return profiles, or the fees between, you know, the crowd?
Alex:
Pretty much the same, you know, 70-30-80-20, I mean, here and there, there are some, you know, different hurdles, things like that. But, you know, sometimes, crowdfunding platforms are at more fees, because there is a marketing fee associated with, you know, white labeling and putting the deal together. But end of the day, you know, there’s some good deals sometimes out there will they perform? You know, it’s hard to say, I got to say, What I can tell you is that, in my case, I ended up being a sponsor in one of the deals that I did the investment through crowdfunding platform, so this could happen. So this is kind of a backdoor entry. If you want to be an active investor, a lot of people are rushing to be an active investor. Right? So and the good analogy is that, you know, you got to date a little bit, though, don’t you’re not going to get married and become a partner, a true partner with somebody without getting to know each other. Right? So in my case, what happened was, I did invest on a couple of deals with the sponsor, as a passive investor. And I kept in touch with those guys through an update that they were sending me and at one point, I said, You know what, I liked the company. This is what I do. I’m raising capital and helping with the deal analysis, because you cannot just raise capital. I can help you with maybe some asset management’s of marketing and list of relationship, you name it. Just give me a shot. And guess what happened? After a while I was given that opportunity, because I have that relationship. They knew me. I was an investor wisdom.
Seth:
Yep. Yeah, for sure. I mean, I’ve heard it time and time again. Everyone always says you know, if you’re interested in being an active syndicator or an active person in commercial real estate, just start off passively. I mean, invest in a deal. See how it goes. learn the ropes network, and Then see if you like it, because you may end up just like, enjoy being a passive investor and enjoying that cash flow. And you’re like, Oh, well, look, I’ll just plug in 5k or 100k or 150k every year. And then before you know it, you’re gonna replace that active income and you’re gonna be good to go.
Alex:
And then you’re, you’re also building your own track record, because guess what’s gonna happen if you start raising capital, people are gonna ask you, how many deals Have you invested? What are you going to say? Yep, I have not invested. This is my first deal. You know what? I’d rather wait and see see how the deal performs? And then why don’t I talk to you six months from now? Right? Right. That’s what I’ve been telling a lot of people. I mean, there was a, we have a booklet or sometimes people call it the investor pitch deck. Right? So you got to create the track record for yourself. And once you do that, it’s a lot easier to raise capital or to talk about your potential deal joint ventures, because if you have some track record, people are going to be very receptive to talk to you. They’ll be taking you more seriously.
Seth:
Yep, for sure. So now that you’ve kind of graduated into active investing, how are you able to balance your four full time W2 career with that, as well as continuing to invest passively?
Alex:
Yeah, it’s a challenge. You know, I’m not gonna sugarcoat In fact, you know, people say live balance, all of that, I think, I think was a such a fun, fine line. Like I was reading about what book, never eat alone, I don’t remember the guy name. And he was talking about the story of one politician, I don’t remember the name either. But he said that, you know, if you really want to achieve greatness, man, you got to bust your word for a long time. And meaning that you know, 5am, sometimes waking up working your 10-12, sometimes 20 hours. So I have a day job, right. And then some of the activities I do is during lunch before my job after weekends. I mean, it takes time to build the brand, to build the company to build the track record to build recognition, I wish there was a shortcut. But again, if you want to achieve something amazing, you got to put sweat and low hours. Now, what what’s interesting about your real estate business, it has a lot of flexibility, right? So I could take off and do nothing for two weeks, and then pick up where I left off two weeks from now. Now we’re at the point where we’re kind of estimating things a little bit more, we have some interns, we’re looking at a digital agency as well. So a lot of these processes are going to be automated so that you know we’re going to be starting to get out of the picture. But at least in the first year or so you got to go full in then you got to go full in and work your tail off until you see some results.
Seth:
Yeah, I mean, you’ve got to kind of figure it out. I mean, that first year or so. Or even longer than that. I mean, you’re doing a lot of stuff yourself. Before you can even hire VA or hire interns or hire anyone else. You got to know what you’ve got to get done first.
Alex:
Exactly. Because, you know, like, right now we’re training some of the interns, some of the email marketing, like we talked about it before the call rate. But if you don’t know what needs to be done, how you gonna train the person, right? Right. And I’m not talking about becoming an expert, but at least you got to have clarity to what you want them to do. What do you want them to do? Or how to do it yourself? Because you’ve got to create instructions for them, right?
Seth:
Yeah. Yeah, for sure, man. So let’s switch gears a little bit. what’s the biggest investing mistake that you’ve made?
Alex:
I think not understanding the team, the management team, so one of the deals I was foolish enough to invest where there was a single member. And the guy did not have a good experience. And I guess nobody else was there to tell them you know what, maybe you’re doing something wrong. Yeah. And that was one of the biggest losses of my investment. And right now the lesson learned is I just don’t invest more partner up with any operators that are single member.
Seth:
Yeah. Yeah. Got to have a team around you, man. Gotta have a by yourself. For sure. What about biggest investing success story?
Alex:
Oh, well, one of the biggest. One of the biggest success stories was you know, I would say we our first deal as an active investors. We actually did it during pandemic, when it just started when it was just starting out. We were scared ourselves. We turned down the deal initially because without you know, the world is ending or something terrible is happening, but then we looked at ourselves so I will personally like the deal and we’ve been Building up, you know, anticipation and have been talking to investors for three to six months even before doing the first race. And when we actually did decide to do that deal, and this was early March, by the way, like the stock market tanked. Yeah, 30% 40% of people were panicking. So people are looking for something more stable that produces cash flow rate. Yeah. And we just, you know, decided to go full in that we hosted a webinar with our partners, we send the email campaign and we were blown away. I mean, we raised a significant amount of money in a very short period of time, and we never looked back. I think it gave us so much confidence. Yeah. Going forward that you sort of man, if we can do this during pandemic, what else is possible? What else could we do, right. And that gave us a very good kick in the butt and the momentum for 2020. So we’re finishing strong. We’re finishing close to 5 million in raising capital for this year. And we’re very excited to double the number next year and shoot for more.
Seth:
That’s awesome, man. Congrats. I mean, that’s when the world was really on hold. I mean, stock market was crashing, the sky was falling, and people were just like bracing because they had no idea what was happening. So that’s incredible. You’re able to pull that off. Let’s jump into the let’s jump into the freedom for man.
Seth:
So what’s the what’s the best thing you do to keep your mind and body healthy?
Alex:
I do yoga. Cool. I exercise. In fact, I did it today. And I just like the spiritual component, the physical component, and everything in between breathing. I am in a very active mind. So it’s hard for me to sometimes to slow down. But yoga does help me a lot to do that.
Seth:
Nice. I like that. I just started doing that this year. So it’s it’s definitely relaxing and a different kind of different kind of workout. Sure. Yep. In an alternative universe where you weren’t involved in real estate, what would you be doing?
Alex:
I love sports man. If If, if starting all over again, I will probably become a football player.
Seth:
There you go. Nice. What your team.
Alex:
I was born in Ukraine, as I said earlier, so my home team I’m actually sad today the last to Barcelona for nothing.
Seth:
Oh, soccer, football.
Alex:
Yeah, soccer. Soccer. I’m not American. I love football. You know, I’m a 49, or fan to probably receiver around fast. But my dream of growing up was to become a soccer player.
Seth:
Very cool. Where were you at five years ago? And where do you see yourself in your business five years from now?
Alex:
Well, five years ago, I think I was I think I was starting out I started to see real estate kind of end of the tunnel sort of lights the word some, you know, it’s all kind of a tunnel. But there were small little lights here and there. So majority how I started was remember I was telling you about the flipping experience. I had to I took some time off I went to Fiji for Tony Robbins event. And he sometimes holds these events in his resort and he’s got one in Fiji. He’s not teaching that anymore. But he still has that resort available. Mm, my roommate was the real estate guy. The flipper guy, right, okay. And we became buddies we still keep in touch with with him, I’m going to be traveling to Florida. And I’m going to be seeing him so I we became instant friends because real estate was always something that I was passionate about. And then even though that didn’t work out the way I planned, I decided you know what, I’m going to stick with it. And that’s how I ended up you know, syndication model, because I always knew that there was going to be something in real estate that I will find a way how to make it work. And I really enjoy what I do. I mean, it gives me so much joy and happiness where I get on a call I get to educate people for such as today just sharing what I know, just genuinely being yourself sharing what I know what worked, what didn’t work and what work right and inspiring people and helping them. So five years from now I see myself that you know, my company is very successful. I helped over 1000 people together with my business partner, she’s around busy professionals. That’s our target audience, you know, middle aged, tech guys what men and women, we have some CPA, doctors, dentists, attorneys as well. And I just like to share my knowledge and help as many people as I can To become financially free through real estate, because ultimately real estate is a vehicle, right? We all want to be financially independent, free and enjoy life, travel the world. But real estate is a true and proven way to build wealth, right? There’s very few ways how you can create generational wealth through real estate, you got to educate yourself, right? You got to take time and build the skill set. That’s what I’m doing on a daily basis. I’m continuously learning from a lot of other successful people, because there’s a lot of people that are doing exactly what we do, right. And we can learn from each other and help each other because real estate is a fun, team game. Team game.
Seth:
Yeah, I mean, that’s the beautiful thing about it. I mean, it’s strange, because real estate, you know, most people that have like the secret sauce, they don’t want to share it. But in real estate, it’s a pretty open dialogue that you can have, it is real.
Alex:
Yeah, it is so true. Like I was on a call today, you know, the guy is just brand new to commercial real estate, and he is busting his butt to find the deal. And I said, you know, happy to help you and share any knowledge and links or resources that you have. And who knows, maybe tomorrow or one year from now, we become partners, right? Because it’s all about helping each other and growing together.
Seth:
For sure, man. So how is passive income made your life better?
Alex:
Just gives me more opportunity to enjoy my life, you know, I do enjoy traveling a lot. So being able to create these passive income streams, looking at your quarterly statements like oh, here is, you know, another 1000 2000 $3,000 came in without doing much of it, right? You just do due diligence on it. And that makes a lot of difference right now my older son is in college. So you know, he’s out of state college students are the bills are pretty expensive. He just earlier this year got into Purdue University, but we’re in California, right. So college is expensive, right? Being able to supplement that income, from my job with some of the real estate investments, you know, makes a difference.
Seth:
Yeah, for sure. Alex, thanks for coming on the show today, man. Where can people find out more about you?
Alex:
Yeah, so you can go ahead and just contact me directly at alex@wealthymindinvestments.com my company name, again, is wealthymindinvestments.com. Again, I’m a big believer in the wealth, wealthy mind, you cannot attract wealth without thinking like you’re a wealthy person. And please email me I have a lot of resources. I have a YouTube channel, I have free report that I can share with you. I’m more than happy and willing to connect offline as well. You can schedule a call on my website as well. And I’ll be glad to connect with anybody who would like to learn more and get started either actively or possibly invest in real estate.
Seth:
Great. Alright, brother. Thanks again.
Alex:
Thank you so much for having me have a great evening.
Seth:
All right. All right, Alex always lights up a room. I love how he started using his W2 income generated in big tech to invest passively in commercial real estate. Once he got his feet wet, he dove headfirst into active investing. That’s the route I recommend and have heard time and time again from experts in the industry. That that’s the way to go. If you want to take your passive investing to the next level, I want to invite you all to go to escapethebillable.com and get our free copy of our brand new passive investing guide. It’s absolutely free and I know you’ll find great value in it. Until next time, folks. Enjoy the journey.
