In this episode, Alex and Matt sit down and speak with Alex Camacho. Alex was in the banking/mortgage industry when he lost everything in the market crash. His experience is diverse from property management to airbnb arbitraging, to now running his own company 2 years ago. He's worked really hard over the past 2 years to build himself and others back up. Alex went from doing 1 flip a month to now 25-30 deals/flips a month.
Alex loves the investing aspect of real estate and it has helped him create the lifestyle he wants. He recently visited San Antonio and says it's a 'good area for single-family rentals; short-term rentals." He's also very bullish when it comes to investing in multi-family in the Phoenix area.
Recommendations for people that are wanting to flip a property 1+ a month and need loans:
JV (joint venture) on deals in the beginning
Wholesale when it makes sense
Always have the bigger picture in mindSome of Alex's advice for others starting out is to have a strong mindset, positive habits, and networking to take action. He also says to not be afraid to pay for a mentor or coach with the right context to get to the next level. "You'll either pay with your time or money."
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