044: Alex Sabio: Building a luxury Short Term Rental (STR), overcoming bankruptcy, breaking down limiting beliefs, lessons learned on the front line of COVID, and how grandma was Vegas high-roller

Happy Holidays Investories Fam. 

Rather than spreading festive cheer, I'm trying to keep COVID to myself. But we continue! 

Alex lives in Southern California and worked on the front lines battling the COVID pandemic, and helping patients as a Respiratory Therapist and has been in the real estate game for a while now. 

As a child, he first learned about real estate while watching his family members operate a motel on the Las Vegas strip.  He then went on to investing in long term rentals (LTRs) in the early 2000's while also launching his career in healthcare as a respiratory therapist.  Unfortunately, with the crash in 2008, Alex learned the more unforgiving side of real estate and had to real back his portfolio.

Over the next several years, Alex continued to progress in his carrer as a respiratory therapist.  He and his wife (whose also a respiratory therapist) focused on their family and grew from a family of 2 to a family of 6, welcoming 4 wonderful children.  By 2015 or so, they were ready to take another swing at real estate!

Their CPA was actually the one that advised them to consider short term rentals for the tax benefits.  Taking their CPA up on his advice, they purchased a cabin in the Great Smokey Mountains of Tennessee.  This turned into a wildly successful investment.  In Alex's words "it was an ATM machine".  Alex and his wife have since continued to buy short term rentals, which allowed his wife to walk away from her carreer in healthcare to spend more time with family and on the business.

These days, Alex continues to work as a respiratory therapist and runs an online community supporting other healthcare professionals who want to get into real estate investing.  He's incredibly passionate about helping others recognize their own financial freedom through real estate investing and he continues to give as much as he can to the community!

Struggling with getting the numbers right? Stuck on CAP Rate? Struggling with expenses? 

This is the episode for you. 

Today, Investories welcomes Ryan Rex. Ryan is an underwriter with experience in taking down dozens of deals with Real Focus Capital. Ryan understands underwriting and sets out the hacks, tips and rules to better underwrite. Especially in a recession. 

Ryan has agreed to come on the pod again to answer your questions - so ask 'em; on instagram or via investoriespodcast@gmail.com

Thank you to every listener of the Investories Podcast. We appreciate you! 

If you liked this episode and have burning question, email us at investoriespodcast@gmail.com

Alex:

• Instagram: https://www.instagram.com/the_real_alexsabio
• Alpha Geek Capital: https://alphageekcapital.com/

Investories:

• Tik Tok: https://www.tiktok.com/@investoriespod
• Instagram: https://www.instagram.com/investoriespod/
• Email: investoriespodcast@gmail.com

Kyle:

• Facebook: https://www.facebook.com/yourmultifamilymentor
• Instagram: https://www.instagram.com/your_multifamily_mentor/?hl=en

John: 

• Instagram: https://www.instagram.com/hoopeezy/?hl=en
• Airbnb: https://airbnb.com/h/ponderosapinehaus