Aug 15 2023
Alix Kogan - Overcoming Obstacles And Creating Wealth
In this episode of the 5 Talents Podcast, Abel welcomes Alix Kogan, Alix is the Founder and President of Ashland Capital an industry veteran with 20+ years of successful real estate operations and $500mm worth of transactions under his belt. Alix has been involved in all facets of real estate, construction, and development since he embarked on his career in real estate over 20 years ago. Alix’s career began in Colorado through the start of his high-end construction company, Kogan Builders, Inc (KBI). Alix grew the business to become the largest and most successful single-family, mixed-use, townhome, condo, and small subdivision construction company in Southwest Colorado, which he ultimately sold and realized a successful exit. Tune in now as Alix shares his expertise on how one should evaluate schools, sports programs, enrollment growth, and other factors when considering investing in student housing![00:00 - 07:20] Opening SegmentIntroducing Alix to the show!Alix is the Founder and President of Ashland CapitalHe grew up in a real estate family in Kyiv, Ukraine, and immigrated to the US[07:21 - 14:48] Overcoming Obstacles And Creating WealthLearned the importance of entrepreneurship, grit, taking accountability, and not relying on anyone elseEncouraging parents to talk to their children about their family history and where they come fromWriting a book about the family’s history is a great way to capture these storiesLeverage active capital, time, and investments to build wealth over 20 years[14:49 - 28:18] Unlocking The Secrets Of Student HousingTaking risks and diversifying investmentsHigher barrier to entry for student housing compared to conventional multifamilyTaking into consideration of factors, such as:School growthSports programsDemographic of students[28:19 - 37:08] Closing SegmentAlix shares his expertise on how one should evaluate schools, sports programs, enrollment growth, and other factors! See the links below to connect with Alix!Quotes:“They're going to take their students from 20 to 30, 000 new on an asset there, you've actually gained equity overnight just by the school announcing, a major growth plan. So, you have to be nimble and I think that's certainly the case for conventional apartments as well, right? You have a major employer that shuts down. You got to react to it. So, you got to be nimble.” - Alix Kogan“I hate the concept of dead money even if I have capital on the sideline. I'm always trying to figure out a way how to earn as much as we can with the least amount of risk.” - Alix KoganConnect with Alix through his Website, LinkedIn, & Facebook!Connect with me:www.5talents.capitalLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.com 5 TALENTS CAPITAL | ABEL PACHECOIf you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:View our informational video and case study at Support the Show.