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How A Korean Immigrant Built Cash Flow With ADUs, Airbnbs & Boutique Hotel | Alex Kang E31
Manage episode 521408741 series 3563837
In this powerful episode, Ryan sits down with entrepreneur Alex Kang to unpack his unbelievable journey from immigrating alone at 15 to building real wealth through ADU investing, Airbnb arbitrage, and eventually acquiring a 24-unit boutique hotel in California.
Alex reveals how leaving his corporate CPA job forced him to rethink what financial security, ownership, and freedomreally mean. This episode hits everything from real estate strategy, seller financing, hotel investing, the collapse of Airbnb profits, and why immigrants often outperform because of their relentless grit and resourcefulness.
If you're interested in entrepreneurship, real estate, private equity, or creating true multiple income streams, this episode will hit you hard.
Chapters
1. Meet Alex: From Korea To Canada (00:00:00)
2. Building Grit Through Immigration (00:02:30)
3. Choosing CPA In A Down Market (00:07:05)
4. MBA, Consulting, And Tech (00:10:40)
5. Leaving W‑2 For Ownership (00:12:20)
6. ADU 101: Value, Cash Flow, HELOC (00:14:40)
7. ADU Numbers And Appraisal Upside (00:19:50)
8. Airbnb Arbitrage: Pros And Limits (00:22:20)
9. Saturation, Seasonality, And Strategy (00:26:20)
10. Why Pivot To Hotels (00:30:40)
11. Buying A 26‑Key Boutique Hotel (00:32:50)
12. Value‑Add Plan And Renovations (00:37:00)
13. Market Data, Occupancy, ADR Goals (00:39:40)
14. Creative Financing And Seller Carry (00:42:50)
15. Community, Permits, And Operations (00:46:30)
16. Next Play: Buying A Small Business (00:49:40)
17. Mindset, Deal Making, And Takeaways (00:53:20)
18. How To Reach Alex (00:56:50)
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