All Forum Posts by: Alexander Felice

these website are irrelevant because they won't pay you no matter what amounts they say

Call 3 property managers and get them to give you real world estimates

buying an underpriced asset and putt subsidized debt on it (3-5% mortgages like we had for the last 10 years) has dramatically changed my life for the better. This creates so much positive leverage without much risk

but buying a retail priced asset, like much of the real estate market today, and putting market priced debt on it seems like the opposite - higher risk without an exciting upside 

I would not do the same now.

Leverage is great, I don't care about even 7% rates, it's the retail asset prices that make me steer clear 

If you're going to make 5% on either investment, I would take bonds all day long 

The primary goal of the investor is to buy assets that are UNDERPRICED. This is the same for the stock market and for real estate. If you can't find underpriced assets then you want to make the highest return for the least risk, and bonds provide what is considered the "risk free rate of return". 

Will the market favor real estate over time? in many cases yes, but at what risk and hassle level? 

Real estate when bought underpriced is MUCH better than bonds, but apples to apples it's worse

Your partner is going to wire the money at closing and will be first position on the lien. No reason to take their money without a deal 

Did anyone see me there slanging my cameras and rocking my mohawk? 

This is the third year I've been able to use my camera to tell the BiggerPockets Conference story. I'm incredibly thankful this opportunity, and just wanted to share some quick thoughts and early images 

Relationships are a long game, the people I met on BP over the years have become life long friends, and the conference really solidifies those friendships. Few things bond people like eating McDonalds at 2am in the lobby LOL investing in this community has been life changing and the people you meet here will provide all the knowledge and resources you could ever need. 

Add value relentlessly, Find a unique way to make people's lives better and just give it away endlessly. I've been fortunate to use my camera for this, but everyone has a talent or resource they can use to a similar or greater use, and when you figure it out I suggest you treat it as abundance to share. 

I'll release all the pics in a few days, but here's a few to start

I'll be there! 

Come to our monthly real estate meetup in the Pensacola area, the Gulf Coast REI social.

This event will be pretty informal. Eat, drink, hang out, and meet other local investors of all experiences. There will be no pitches at this event, just shared knowledge and relationship building.

Some pics from the last event

I have two positions on this

My first position:

It's extremely easy to convince ourselves of a logical sounding narrative. We all do it but the fact is the world is far more random than we realize/like to admit.

I've been on this site since 2013 and people have been predicting a crash almost the entire time, and other people have been calling them crazy. Everyone who agrees has a compelling argument why they are right, everyone who disagrees has a compelling argument why they are right. However, no one in 2017 could have predicted the market situation we are in now with any sort of specificity, which means on their best day, everyone is guessing.

So maybe you're right, maybe you're wrong, no one knows, but it's been proven over and over again that no one can time the market. The best thing to do is learn how to invest in a world of infinite uncertainty. 

or, maybe you'll my second position better: 

real estate only goes up, pay over asking for everything, get all the debt you can, inflation won't be a risk, you can't possibly lose

Anyone in the Pensacola area want to come to this? This is going to be hangout only, nothing formal, just good people. 

I'm personally in NC and coming down to see my team in this area, I'll be here regularly and looking to build a local network. I have been buying real estate for years and started from scratch, I've made a TON of content for BP over the years, I'm always looking for new people to help or partner with so really hoping for a good turnout. 

Come to our first event of a new monthly meetup in the Pensacola area, the Gulf Coast REI social.

This event will be pretty informal, eat, drink, hang out, and meet other local investors of all experiences.

There will be no pitches at this event, just shared knowledge and relationship building.