Join Vince and Matt as they chat with Alex Sabio about how he attained his own definition of freedom through luxury short-term rentals. Since 2002, Alex has worked as a Respiratory Therapist in one of the best-paying hospitals in the field. But, despite the high income, for Alex, it felt miserable. To satisfy the itch of doing his own thing, Alex got into real estate investing and focused on cash flow. Now, Alex shares about how he learned his way into real estate, how he self-manages his properties when they're miles away, and how investing in short-term rentals replaced his income and helped his wife retire from her W-2 job. For Alex, when you have limiting beliefs, sometimes you just have to poke around and see the many people who broke through those issues. Once you do, you go to those people and learn from them. There's a lot to unpack, so stay tuned and enjoy the episode!
Outline of the episode:
● [03:08] How do you transition from a W-2 job to real estate?
● [05:02] The most worthwhile investment for Alex
● [07:28] Listen to your professionals – the right thing to do
● [11:22] How is the property doing in the market currently?
● [15:50] The thing with short-term rentals
● [20:09] What is financial freedom to you?
● [24:50] Alex Sabio on confidence and underwriting
● [28:26] During the busy seasons, price high and be patient
● [32:19] Do you need conventional loans?
● [37:00] You need to be comfortable with being uncomfortable
● [40:47] Can't hurt me, by David Goggins
● [45:00] If you're going to dive into it, dive all in
https://www.millionairesmindsetblueprint.com/
Resources:
● Health Care Professionals Real Estate Investors Facebook Group
● Can't Hurt Me, Book by David Goggins
Connect with The Cashflow Project!
● Website
● Youtube
The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com