In this episode, we speak with Jarod Alexander, a seasoned investor based in Phoenix, Arizona, who's been investing in alternative assets for over 13 years. He's currently involved in six syndications, all multifamily, and is looking to diversify into different markets. 

We discuss the importance of being part of a community dedicated to Community Personal Finance and how it can help you achieve your investment goals. We also explore the value of diversifying your assets, the benefits of being part of a Tribe, and why investors should avoid putting all their eggs in one basket. 

Whether you're just starting out or have been investing for years, you won't want to miss these valuable insights and practical tips on building a successful investment portfolio!

Here are some power takeaways from today’s conversation:

• How he got started in real estate investing
• The value of Community Personal Finance
• Looking into different markets
• Why you need to diversify upfront
• The benefits of being part of a Tribe

Episode Highlights:

[05:12] The Value of Community Personal Finance

It's so important to have a group of like-minded individuals who are also looking to improve their financial literacy and make better investment decisions. The forums provide a space for open discussion and sharing of ideas, while the educational content offers practical advice and guidance. Whether you're just starting out or have been investing for years, being a part of a community dedicated to personal finance can help you achieve your goals and feel more confident in your decisions.

[09:23] A Look Into Diversifying Your Assets

Diversify your investments to build success. Educate yourself by researching different options and asset types through books, podcasts, and online courses. Networking with industry professionals can also provide valuable insights. Stay patient and take a measured approach to maximize success and stability in your portfolio.

[11:51] The Importance of Diversifying Your Investments

When investing, diversify to spread risk. Build relationships with operators you know and trust, but put capital into multiple assets to reduce vulnerability. Try crowdfunding platforms or pooling funds with other investors to diversify on a lower budget. Research debt service, underwriting practices, and communication style when choosing an operator. Fixed-rate debt is often safer than bridge loans without rate caps. Stay informed and diversified for a better chance of success.

Investing can be a learning process, and sometimes mistakes are made along the way. It's important to recognize when you may have gone too big with one operator and take steps to spread out your investments across different opportunities and operators. Meeting multiple operators and exploring various deals can help you identify a smaller pool of trusted operators to invest with. Joining a community like Tribevest can also provide access to more operators and further diversify your portfolio. While it can be difficult to learn this lesson early on, it's crucial to avoid putting all your eggs in one basket and instead take a measured approach to investing for long-term success.

[16:55] The Value of Being a Part of Tibevest

Being part of Tribevest can offer tremendous value for investors. The community brings together both experienced veterans and newbies, allowing for cross-pollination of ideas and knowledge sharing. Newer members can learn from the experiences of seasoned investors, while veterans may gain new perspectives from the questions and responses of newer members. 

The community can provide a sense of comfort and support as members navigate their investment journeys together. Learning alongside others who have gone through similar experiences can also be more effective and efficient than trying to do it alone. Ultimately, being part of a community like Tribevest can help investors feel more confident, informed, and successful in their investments.

Resources Mentioned:

Tribevest