Alex shares how he got interested in real estate investing and bought into “guru” advice which did NOT serve him well! He dives deep into the compounding mistakes he made as a new investor including lack of focus and education and working with an inexperienced team. Alex discusses raising and losing private capital which lead to intense stress, difficult conversations, and severed relationships with friends and family. The silver lining is that Alex provides great lessons learned, advice, and closes with how he’s rebounded and built a nice investment portfolio! His story is proof of the importance of getting educated and building a team to minimize risk in REI!
If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!
02:52 Housing Provider Tip: Be cautious of potential damage caused by hydro-jetting sewer lines?
05:00 Intro to our guest, Alex Fenske!
08:02 Alex’s real estate journey since starting in 2000.
20:25 Early acquisitions pre-crash!
26:55 Mindset to continue after early failures.
33:25 Rebounding from failures and getting licensed!
42:34 Alex’s current investment areas of focus.
51:40 5-Year outlook on the south suburbs.
53:08 What is Alex’s competitive advantage?
54:10 One piece of advice for new investors.
56:12 What do you do for fun?
56:42 Good book, podcast, or self development activity that you would recommend?
57:14 Local Network Recommendation?
58:34 How can the listeners learn more about you and provide value to you?
---------------------------------------------------------------------------------------------
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Alex Fenske
Guest Company: KW Chicago Southland Homes
Guest Link: KW Chicago Southland Homes
Other Links for show notes:
Atomic Habits (Book Recommendation)
Show Sponsors:
