Alex Sanchez, 25, has aspirations to be a millionaire by 30. And he’s on track: Sanchez earns more than $200,000 a year from his full-time job as an overhead lineman. However, he sees real estate as his path to wealth.
Currently, he owns five rental properties around Chicago and rents them out to five families. Eventually, he wants to own and rent out 20 units.
In response to the coronavirus pandemic, though, Sanchez is temporarily shifting his focus away from real estate. “I’ve turned my attention to the stock market,” he tells CNBC Make It.