How Alex Made Money On Amazon And Creates Wealth As An Investor
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 26 February 2020
⏱️ 74 minutes
🧾️ Download transcript
Summary
Alex Upperman made his money selling on Amazon and now he's taken his business knowledge into multi-family real estate investing.
He has graduated from just being an entrepreneur, to a true capitalist.
In this interview he talks about how he makes truly passive income through real estate, and brings resources together to fund deals, mitigate risk, and grow his family's wealth.
Transcript
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| 0:00.0 | So I started writing checks, you know, with different operators around the country and multifamily. |
| 0:06.2 | This is 2016. |
| 0:08.2 | And realized this is a way better process and strategy around getting exposure to real estate. |
| 0:15.1 | You know, I could write a check. |
| 0:16.2 | I get distributions quarterly. |
| 0:18.0 | I get a K-1 at the end of the year. |
| 0:20.3 | And I don't do anything, right? |
| 0:22.1 | Like to me, that was truly, I truly had found the passive income source I was looking for. |
| 0:26.5 | Right. Right. And, you know, I could invest less than what it would take me to go buy a single |
| 0:31.4 | family house. It takes one free person to create change. This is the show for them. We are the creators of the free world. |
| 0:41.1 | This is capitalism.com and we are the one percent. A few years ago, I held a workshop, which at |
| 0:51.1 | the time was called the next level workshop. Now the workshops that I have are called |
| 0:55.1 | the eight figure exit event. And one of the attendees was the man that you're about to hear |
| 1:02.6 | on the podcast. And at the time, Alex had a business that was doing right around $100,000 a month |
| 1:08.2 | all on Amazon. He ended up making some pivots after |
| 1:11.6 | the workshop, scaling to $3 million a month, having an eight-figure exit, and now is a full-time |
| 1:17.6 | real estate investor. And I wanted to ask him about the full journey, but specifically about |
| 1:23.2 | that transition from one career to the next because Alex has been wildly successful in both |
| 1:29.9 | professions. So I wanted to know what did he do differently in order to dominate on Amazon |
| 1:36.1 | and win at the e-commerce game? What was the exit like? And how did he then take what he learned |
| 1:42.7 | to dominate a completely different industry |
| 1:45.5 | in which he is now putting deals together? He's more operating like a capitalist and an owner rather |
... |
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