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  1. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    **Update: 10/29/2012 Things are moving along nicely. My property manager has had 10 potential renters through the property and has rejected four applicants. The applicants may have turned out to be decent tenants…but not my PM’s ideal long-term qualifiers. His strategy for my neighborhood...
  2. G_Alexander

    $50,000+ Profit in Last 12mos Online Biz. Work At Home. $6,410 3mos Average

    MARKETPLACE 
    Oh, wow! I will take it! Having consulted with my colleagues and based on the information gathered from the Nigerian Chambers Of Commerce And Industry, I have the privilege to request your assistance to transfer the sum of $47,500,000.00 (forty seven million, five hundred thousand United...
  3. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    I learned first and foremost by reading. I majored in Finance and Entrepreneurship in college, but you don't have to go to college to learn these things. Grab a couple of intro to finance books at your local library, and while you're there, grab some real estate investment books. I read...
  4. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Thanks again for all the kind words! Milkanic, This property is located in Chicago.
  5. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    The bank was willing to finance the acquisition due to my full-time employment; no additional collateral was necessary. The FHA loan federally protects the bank in the event of a default. I do have a strong credit score as I have been building it since I was 18. The book is written for the...
  6. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    VanToai, No problem, thank you for the kind words. To answer your question, the one resource that pushed me toward mobile home investments was a book by Lonnie Scruggs called "Deals on Wheels". I read it when I was 19 and decided not to waste any time in my execution. Successive deals were...
  7. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Thank you everyone for the kind words :D Rickson9, I found this property through a buyer's broker. I interviewed about 4 or 5 buyer's brokers before picking one that I knew had his interests aligned with mine. He is only 26 years old and has 5 small multi-family properties in the same...
  8. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    I have always been entrepreneurial and working for someone else is exactly the opposite direction of the way my heart pulls me. My high paying job made me realize how much I truly hate having no control over my most valuable asset: my time. I knew this would happen going into it, but needed to...
  9. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    Yes, just $5,900 right now. Seller credit of $7,500 helped out a lot there. Will have $11,900 tied up after setting up laundry, and getting everything perfect for long term for the two main units. The goal here is not cash flow. If I sold the property next month, fully leased, it would fetch...
  10. G_Alexander

    22 Years Old: First Apartment Building Acquisition Done

    GOLD! REAL ESTATE 
    After many brief hiatuses I am back; and with good reports. Many of you may remember my mobile home investment thread from when I was 19 years old. After a couple additional mobile home deals, some miscellaneous arbitrage, and saving; on Monday this week I closed on my first multi-family...
  11. G_Alexander

    Elliptigo: Saving Baby Boomers Delicate Knees

    May not be your cup of tea, but this is a spot on niche market hit in my opinion. $400 model would dilute brand value. Why price yourself out of the "premium brand" category? I would rather let sales marinate for my targeted buyers and sell 10 units @ $1800 than 45 @ $400 for the same profit...
  12. G_Alexander

    Elliptigo: Saving Baby Boomers Delicate Knees

    Well if you can successfully target the baby-boomers with your opportunity, you are in for a serious amount of sales. What a great idea this is. Huge market for runners out there, especially aging and/or injured runners (tendonitis, bad knees, etc.) Anyways, thought I would share it to get...
  13. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    Thanks Pete. Can't speak directly on the Illinois law, and I am not a lawyer: but I am pretty sure you do not need a dealer's license on your first transaction, or your first 5 transactions for that matter. That is the way it is in Iowa anyways. Many people who are not investors own mobile...
  14. G_Alexander

    A Hustler's Guide To Buying And Selling Anything (Part 1)

    GOLD! SIDE HUSTLE 
    I have used eBay, and 99% of the time ROI is lower. More importantly, cash flow takes longer to get from your eBay account to your hands than an all cash Craigslist transaction takes. Remember, your most valuable asset/commodity is time. If you are waiting 3 days to transfer money out of your...
  15. G_Alexander

    Is going to college a waste of time?

    HOT! 
    "Is going to college a waste of time?" No. Especially not if you are majoring in something technical, like finance. The most talented Fastlaners can create and maintain a venture while they are in school. College is a breeze and a gateway to meeting your future lawyer, accountant, CFO, CIO...
  16. G_Alexander

    A Hustler's Guide To Buying And Selling Anything (Part 1)

    GOLD! SIDE HUSTLE 
    Nice find, but next time DO NOT USE EBAY. The name of the game is quickness. When you purchase something off Craigslist, IMMEDIATELY relist it on Craigslist. Even if your market is smaller than eBay (obviously) and you only got $500 for each iPad, it would have been quick cash flow, you would...
  17. G_Alexander

    How to deal with a slowlaner girlfriend?

    HOT! MINDSET SLOWLANE 
    Easy: Step 1: Turn signal left Step 2: Enter the Fastlane (give an ultimatum: that the last call for the good life has been announced) Step 3: Wave goodbye to the girlfriend as you accelerate down your roadmap "You become 90% of the people you surround yourself with." Spend some-more time...
  18. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    Well, nice day today. My first customer sold his vehicle and decided to retire his mobile home loan with me. He paid me a $1,270 lump sum. Never missed a payment in the last 2 and 1/2 years. Great tenant. Customer #2 is still going strong. Total earned from mobile homes since December...
  19. G_Alexander

    SUCCESS STORY: How i reached financial freedom at age 22

    Nice work Viditano!
  20. G_Alexander

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Hey MJ, read the book a long time ago but haven't been around that much. Thanks man, hope all is well out there in the beautiful mountain air! Had some FroYo with Kenric and Mike M. back in November.

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