Business
This episode with Alex Kamunyo was powerful! The turning point for Alex came during his first job after college. He observed older co-workers working late everyday and he was determined to reach financial freedom at a young age to avoid that same destiny.His first investment was a single family home with a garage apartment. He decided to rent out the larger space, renovate the garage and live there. From that point he decided to flip houses in order to build up capital to go towards his larger goal of apartment buildings. In 2020, Alex realized that he had to get into other business ventures to speed up his path to financial freedom. He tried various businesses such as trucking, stock options, vending machines and more. Once he learned how to start a cleaning business, the rest was history. His cleaning business generated $200,000 in sales in just one year. His goal is to use his business income to buy more real estate. In this episode we talk about house hacking, a flip that didn't go well, leaving his job, future plans and more. How to find himIG- @ikamunyo, @moneymonopolizersListen to his podcast here Get his course: The Monopoly Manual: How to Acquire Your First Flip or Rental Property hereHighlights1) Don't rush to fill your vacancies. Take your time and make sure it's the right person. It's better to have an empty property than to have a headache tenant.2) If you want good deals, connect with wholesalers and consistently make offers on properties that fit your criteria. 3) If you can start a business and grow it to be successful, you can put that money into real estate to grow your long term wealth.Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-opt-inLearn how to invest out of state- https://www.outofstatemoney.com/opt-in