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  1. G_Alexander

    Anyone doing anything interesting?

    REAL ESTATE 
    I am cut from the same cloth, currently in-the-hunt and expanding. Got my first 3-unit not long ago and have been putting offers in on 6 to 15 units in my area. Was looking out of state at 30-50 unit properties first, but I understand the market where I am currently and the cash flow cannot be...
  2. G_Alexander

    Is Passive Income Real?

    HOT! 
    "Is passive income real?" Yes.
  3. G_Alexander

    What would you tell your 18 or 25 year old self?

    GOLD! MINDSET 
    I can't means I won't.
  4. G_Alexander

    Chicago Meet Up...

    MEETUPS 
    Depending on my schedule, I'm in. Will track this thread. Don't think we need to rush into something as soon as possible, March is attractive and after the weather this morning I'm thinking it's a better idea to wait a few weeks.
  5. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    The short answer is: It depends. When making an acquisition I would prefer to use as much leverage as possible up front (and buy the property as far under-market price as possible) then stabilize the operations to create a large equity position. Leverage amplifies returns and as much should...
  6. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Thanks, T14. I used cash from work throughout the construction; while keeping my savings from prior deals in-tact and adding any extra cash earned right back into my fastlane pool of capital for my next set of deals / other projects. I took a look at the financing alternatives for the...
  7. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Update: September, 2013 Wow, time really flies. I can’t believe in just a few more weeks I will have had this property for a year: and it is finally stabilized. I have learned a lot (and spent a lot), and I am so ready for more. In November of last year I got my first tenants, a nice...
  8. G_Alexander

    Dream cities (or towns) to live in?

    OFF-TOPIC 
    Detroit. (....ouch, too soon? ;))
  9. G_Alexander

    A Tribute to Lonnie Scruggs

    REAL ESTATE 
    Lonnie was a great, Meat and Potatoes man. I did my first Lonnie Deal when I was 19 years old and more followed throughout my college studies. He is a major reason I am where I am today. I had a chance to talk to Lonnie on a call in August of 2012. He never failed to give sound advice. The...
  10. G_Alexander

    What's your job ? What do you do?

    HOT! 
    I'm on Wall Street (leaving ASAP). I run a brothel out of the back of biophase's hideout in Monaco on the weekends.
  11. G_Alexander

    24years old from South Korea

    Welcome! Anytime I think about South Korea, this image always pops into my head: G.
  12. G_Alexander

    Real Estate Innovation in Canada

    REAL ESTATE 
    Site looks great so far! Well done teaching yourself a skill, remaining dedicated and applying that skill measurably and productively. I am running on 8 hours of sleep over the last 3 days, so I will revisit this thread and share thoughts / feedback soon.
  13. G_Alexander

    My Turn. Pulling the trigger on my first ecommerce business!

    HOT! EXECUTION 
    Why are you pricing yourself at a point so far below your competitors? You mentioned that a successful would-be competitor of yours is selling at $94.00 markup, and has a healthy unit volume each month. Why don't you try to compete on the quality (value) of your product / brand rather than price...
  14. G_Alexander

    Joined FL in late 2007 w/10K+ in CC Debt. Now biz averages 170K/month. AMAA

    NOTABLE! 
    TropicalGuy, Nice to have you on board. I am interested in your story, even though my primary path is real estate. Outside of my real estate investing, I have dozens of ideas (ideas = non-valuable; opportunities = attract cash), own several domains and have some contacts for a few eCommerce...
  15. G_Alexander

    Real Estate Opportunity

    First of all, congrats on saving cash at a young age and not spending every dime on pointless things. Your question of, "Do you think it is practical for me to make a large fortune in real estate?" is too general. What you are asking is the same as if I were to ask you, "Do you think I have a...
  16. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    Wow, amazing insights! Remind me again where your first mobile home deal details are? I made this deal three years ago when I was 19 and rolled it into succesive deals. I am a firm believer of being fair to my customers and fostering their growth to foster my own. The customer that bought...
  17. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Thank you 21elnegocio. I would suggest reading Stephen Vollucci's and Steve Berges books on apartment investing, and I would also suggest reading Deals on Wheels by Lonnie Scruggs and any finance related books for that matter. While I wouldn't want to steer you off a path you have an interest...
  18. G_Alexander

    What one year on this forum can do

    GOLD! MINDSET 
    Great post wade, you put some time in crafting that and said it well. Always appreciate hard work and good insight. Speed++
  19. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Have been very busy this past week at work, but as of November 1st, Unit 2 is rented: $1300 a month with parking. :D Valuable lesson: the rental market tanks yearly from September to April (the low period of the year). Much harder to rent, and rent ceilings fall. Was hoping to market lead...
  20. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    If you are interested in finding a mentor, I would join the local real estate club in your town. Great way to network and meet others, both seasoned and novice, with the same interests. That being said, I have met my mentors on this forum, through my univeristy and through other means, such...

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