All Forum Posts by: Alexander Felice

Excitement as motivation is fantastic, don't hold back at all! 

However, as @Alpesh Pandya said if you let that excitement make decisions for you then it can get you in trouble. 

Emotions to drive your ambition, math to drive your purchases. 

Also, Starbucks and other large companies ban guns from their premises for the exact opposite reason of taking a political stance! That isn't about polarizing or pushing an agenda its about making EVERYONE feel safe to gain market share, not divide it. If they lose a small group of ultra conservatives who are pissed they can't carry guns in a particular store, but make the vast majority of people feel safer then it's worth it for them. 

@Thomas Garza some companies, really large ones, have vested interest in politics. either through potential legislation, or financial backing. 

A few years ago Chik-fil-a made some comments about their gay marriage stance. You think they did this because someone wanted to voice their personal opinion? No, they had profitable (or hopeful) reasons to make this claim. To do so otherwise would polarize their user base for no gain. 

For small organizations, we have nothing to gain. Unless you have political contributions towards a candidate or legislation that will give you economic profit if it passes, then the only thing to gain from taking political stances is a smaller market share. 

If I could afford to it, I would. 

If you can make politics profitable for you, I say go for it.

Most people however, alienate part of the market share by pushing their personal ideology. For instance, you make a post about a presidential candidate, you may have some people that like your post, and you'll have just as many that don't like it. Problem is, your goal isn't to get 1/2 the market, your goal is to get ALL of the market. 

Political issues are chosen and designed to split the voting pool in half. I find it hard to see a way to choose a stance and not split your market share. 

ok everyone should know this is a scam by the end of the 2nd paragraph.

Unknown benefactor....check

Family money........check

untraceable communication only.......check

This is TEXTBOOK 409 scam language. 

I have no intention to quit my reliable w-2 job with benefits

1. It's reliable. You MIGHT make more than me, and you very well might not. 

2. It's W-2 income. Not too many easier ways to get lending than that. 

3. multiple flows of income. You're wholesaling full time, I'm working full time. My tenants pay me passively. Why would I replace my income with investments only to quit and be back to 1 income. 

4. Benefits. What's health care cost? I don't know someone else pays for it. Same for dental. 15 days paid vacation, check. Yearly raises, check. Oh, Do you negotiate 100% matched 401k contributions for yourself into your deals? 

So my question is. Why would I quit my job, to get another JOB (wholesaling) that I MIGHT make more money at, with no benefits, and make it harder to invest (passively)??

I would like to add something:

for those familiar with 409 scams (the price of Nigeria emails). These scams are designed to target STUPID people. The reason they have poor grammar, spelling, have ludicrous terms or claims is not because they are stupid, it's done on purpose to weed out potential victims with intelligence. They don't want to waste a bunch of time with someone who will eventually figure out that it's a scam. They want the absolute dumbest of the dummies to get sucked in and throw cash away. 

So if it looks like something only a stupid person would fall for, congratulate yourself, you might not be the dumbest person around. 

learn learn learn

Save money, many people will tell you that cash isn't necessary and that might be true, but it makes things EXPONENTIALLY easier. So while all your friends are blowing cash on material things, you stay home, save money and read.

someone else said to work on your credit rating, and that's also really valuable. 

Find someone in your area that does real estate investing and try to work for them (even if it's for free). Experience is the most valuable asset you can get right now.

Adjusting seller expectations will have you walking a fine line between reason, and emotion. People have a (proven) attachment to things they own that makes them think it's worth more just because it's theirs. 

@Nat C. gave you some really good advice. You don't want to go to this guy and tell him his house is worth less because YOU said so, you want the market to tell him that. You want HIM to show you flaws in his house, and maybe even what he thinks it'll cost to fix them. Try to keep the dialogue open, and positive, even if you aren't agreeing. Getting confrontational won't help his, or your situation. 

Find out why he thinks his house is worth the number he gave you. Many times people will admit to irrational reasons (that's what I owe, that's how much money I need, that's just what I want for it, etc) but for most people, emotional decisions will beat out their rational mind. You have to win his emotions AND reason. 

Either way this will be good learning experience!