All Forum Posts by: Alexander Felice

@Rob Beland is right. The name isn't as important as you think, you can pretty much put whatever you want there as well. 

You will be taken just as seriously as anyone with no credit, no cash, and no experience will be. 

Most people won't care what your age is as long as you can close. 

The rule of 72 is a formula for determining how many periods it takes to double an investment depending on an interest rate.

so for you, you would have 72/(rate of return annually) = 1(# of years). This math is really simple for 1 year, you would need a 72% rate of return (72/72=1). 

Now, since earning a 72% return in traditional investments is fairly impossible. You'll need to find a way to force it. Like Colin said, flipping could work if you found the right deals, got them done fast. 

That said, everyone wants 100% return, so if it were easy it wouldn't be a secret. In fact, the vast majority of investors (in all industries) would probably be pretty happy to earn 30% ROI (consistently).

Also it depends on how passively you want to earn that. Flipping is a job, so earning 30k in savings from a regular w-2 income would be another feasible method. 

 Gotta agree. I thought it was a solid deal too until I saw the 10k part. 

Now you have a ridiculously low cash on cash return, and you'll end up with a 46k all in for a house you said is worth only 40k. 

No deal friend. Sounds like the owner knows it isn't a deal and that's why he's offering such good terms. 

I believe Joe is speaking of CoC. Amortization wouldn't be factored in.

Pretty accurate article really. Houses as primaries are lousy investments. The guy isn't claiming that real estate is a bad investment market, just that a primary isn't a good investment; which is true. 

If this doesn't set off a giant red flashing light in your face then it should. ALERT ALERT ALERT something is fishy here! 

If you two aren't willing to put any money up, why should anyone else?

I always enjoy your posts James, looking forward to hearing the podcast! 

Love this!