Episode 248: Early Investing Pitfalls and Tremendous Lessons Learned in Chicago's South Suburbs with Alex Fenske

from Straight Up Chicago Investor · host Mark Ainley and Tom Shallcross

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! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guests: Alex Fenske, KW Chicago Southland Homes Link: Atomic Habits (Book Recommendation) Link: Gary Davidson (SUCI Ep 79) ----------------- Guest Questions 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? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.

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This episode was published on October 5, 2023.

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