All Forum Posts by: Alexander Felice

as a  photographer (with a background in RE photography) myself, i suggest you always hire it out. I don't even do my own anymore. lol 

for $150-200 you can get great photos and there is no way you can match what a photographer can do. I bring 4-5 lights to my shoots, I go at the optimal time of day based on the sunlight and which direction the house is facing, I do video walkthroughs too. You can't do what a good photographer can do without a few years of experience and lots of equipment. 

small investment for high return imo 

all that said, it's less valuable on a rental than on a home sale, but still worth it. it's good media content, and you have them forever once the tenant turns over. I suggest everyone hires it out. 

if you use commercial loan there are no limits other than what the individual bank will do. 

the loan limit is a Fannie Mae rule, it's 10 total and most banks have a 4 limit overlay. 

none of this applies to commercial loans, but as I said above, all banks are different so you need to find the one that wants to fund the strategy you're trying to put together. 

I sold my house in November because I was worried about over pricing. I was expecting growth to stall this year, as wage prices have not kept up with average market home price, I couldn't have predicted Covid19 but a correction was obvious, and as @Nathan Gesner said, vegas market lives by swings, not resiliency. 

I personally think Vegas is going to get hit by this worse than anywhere in the US, again. Vegas tourism relies on airplanes, hardly anyone drives to las vegas. People are not jumping back to the airports so quickly. 

Vegas is driven by CROWDS, and people will not be jumping back to big crowded environments so quickly and I can't picture people at nightclubs and pool parties flirting with masks on LOL 

Gambling is driven by excess capital, it's hard to say how that will be effected here but with many locals out of work the casinos will be reliant on tourism which I think is going to be a while recovering. 

This is NOT 2008 at all, it's different but that doesn't mean there won't be some negatives in the Vegas market. 

Lastly, Brad is an agent so I admire the salesmanship, but we must point out the bias :) :) :) 

Just sold a flip, at full price. 

Starting another one today

Closing on a retail office building (for ourselves) this week. 

In my area, the data does not reflect the media craziness, mostly business as usual here. 

Simple solution, don't use the term war zone. SOLVED

but you aren't going to change the vocabulary of everyone else because just it makes you uncomfortable then.

and since you brought up the cringe worthy virtue signaling of your families military service that somehow validates your position to be elevated above anyone else's and how they should speak, let me say as a veteran myself, it doesn't bother me at all. I use the term myself 

respect individuality, do not censor people, get some real problems to worry about, suck it up buttercup. 

I do not believe this is an IRS rule (if it is, I've broken it plenty), find a different lender.

@Natalie Kolodij confirm?

 Fayetteville is a good place to start. it's a very forgiving market, finding tenants is no problem.

The downside to Fayetteville is that there is no growth. Zero, Zilch, Nada. As it becomes more popular and investors raise prices the margins slim with no way to make them up. I will continue to invest there because I have a concrete system and network but I'm looking to expand into markets that have much more upside. 

Rodrick is my partner, we've been together for a while. He's a godsend <3

Nice, let me know if I can help.

I love the Charlotte area, I'm going there next week to do some video work about a local BP member there for a new project BiggerPockets and I are working on. 

thanks! 

That was rehab cost only. Yes this is in Fayetteville NC, I have been investing there for quite a while but just now starting to do flips instead of rentals. Second flip is already purchased with rehab and filming already started.