Search results
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Can I just mention how awful this job market is?
NOTABLE!This post stood out to me in your thread most of all. Being afraid to fail is being afraid to truly learn. Being afraid to learn prevents your ability to grow. What I am getting at is that you will still learn when you succeed at something, but you will learn more and perfect your approach to...- G_Alexander
- Post #55
- Forum: Mindset and Self-Development
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Buying condos with hard money loan
@21elnegocio You're scaring me with many of the questions in this thread bud. Go read a few more books on real estate investing before you attack your next deal. I'm not patronizing you, I am watching out for you. Pick one specific RE focus and learn it inside and out. Make money (prove...- G_Alexander
- Post #13
- Forum: Mindset and Self-Development
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!@tpm767 Just because it simply appealed to me the most. I hired out management for 5% of my gross income. Totally worth it to not have tenants knocking on my door. When it came to construction projects, I would just get up EXTRA early to get bids and quotes, and then manage the process along on...- G_Alexander
- Post #122
- Forum: General Business Discussion
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!Thanks buddy @The-J! Biggest things I can note were I installed YOTPO reviews app (it's free). Make sure the review stars show on your products on every page where items are (home page, individual product pages, product category pages, etc.). May need to add a bit of easy code to get this...- G_Alexander
- Post #110
- Forum: General Business Discussion
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!BOOM. $100,000. And it's only May. $26k per month last three months. This month (May 18th) is at $28k already. "But I don't know how to code!! But I don't know how to do ecommerce!??!"...I could have said the same thing a year ago...because I really didn't at that time. Be thankful when you...- G_Alexander
- Post #107
- Forum: General Business Discussion
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATEInvestment properties are those you don't occupy ("true" investment). That FHA quote only applies if you don't intend to occupy the property, which is illegal. I am 100% sure the FHA allows you to obtain a loan on a 1-4 unit property if you truly will owner occupy. Hundreds of thousands of...- G_Alexander
- Post #151
- Forum: Real Estate Investment Forum
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!While I'm in here again tonight, I'll drop this off :cool: March 2015 almost blew past my entire annual sales for last year. About $25k in sales this last month. On pace for more this month. I am already past $50k for the year so I am halfway to fulfilling the goal I set in January ($100k in...- G_Alexander
- Post #97
- Forum: General Business Discussion
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!Thanks @Kerin12! I know I have poked my head into one of your threads before. I like your narrative story telling style and your journey itself. Keep up the good work and hustle! :)- G_Alexander
- Post #96
- Forum: General Business Discussion
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2015 Fastlane Summit, Official Thread
MEETUPSTime to start planning for 2016. After 7 years here and now that I've broken the corporate shackles...I have no excuse not to be there.- G_Alexander
- Post #489
- Forum: Networking and Meet-Ups
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!Yes. I will also start buying additional units like crazy when we bust again. I buy my units with a long-term view. I like a DSCR (debt coverage ratio) of 1.8x or higher to leave room for error if I end up refinancing in a higher interest environment or if the market goes south and I am...- G_Alexander
- Post #89
- Forum: General Business Discussion
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!Happy Friday night my fellow Fastlaners! Just wanted to come in and drop this off on this fine evening: Just surpassed 2014 sales totals and it's only the first week in March :cool:. Granted, the business was only around from May-Dec of 2014...Still, conversion rate is ramping up like CRAZY...- G_Alexander
- Post #86
- Forum: General Business Discussion
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!Read all of @SteveO 's threads and order Steve Burgess's "How to buy and sell Apartment buildings" book. Also read Steve Volluci's apartment book. They outline the valuation framework I use almost to a tee (along with a little of my own personal flair and intuition). Thanks man! :rockon:- G_Alexander
- Post #82
- Forum: General Business Discussion
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!Thanks @Swift T! You are correct. On this first building it was our equity in the deal (no investors) and we are looking at taking down an additional 12 units on our own without raising capital. We will then raise equity on a project-by-project basis from a very small group (of high NW...- G_Alexander
- Post #79
- Forum: General Business Discussion
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATE@GrumpyCat The update has occurred (in my progress thread) :pompus:. Update can be found here!- G_Alexander
- Post #144
- Forum: Real Estate Investment Forum
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24 Years old: QUIT six-figure Job, Launched two Businesses, Over $25M+ Sales
GOLD!I joined the Fastlane in 2008 when I was 18 years old. I had been an entrepreneur since as long as I could remember, but joining gave me a venue to help me direct my energy. Back when I joined this place, it was a small and tight-knit community of a few thousand members all supporting each other...- G_Alexander
- Post #76
- Forum: General Business Discussion
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATERefer back to post #1, and follow the hipsters. These are the areas that are just "fringe-y" enough to get you the returns you are looking for.- G_Alexander
- Post #140
- Forum: Real Estate Investment Forum
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATEDon't think much of what you've said here could EVER be considered as "joking" no matter how many emoticons you throw after your posts. MJ was really being nice to you by chalking it up to miscommunication and letting it slide; but I'm not as nice to mean people. Smiling while you degrade...- G_Alexander
- Post #127
- Forum: Real Estate Investment Forum
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATE@GrumpyCat I will update you soon ;) --- Thanks for the kind words @MJ DeMarco :) --- Not sure on this. But Let me google that for you. Appears to be a higher down payment requirement according to this. I would refer to Step 1; call a mortgage broker and ask (psst. it's free).- G_Alexander
- Post #119
- Forum: Real Estate Investment Forum
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATEWhy would you care what happens to your equity value (if/when the market crashes again) if you have substantial cash to cover your debt service? (rhetorical question). Property values fluctuate... cash flow analysis should not (unless you refinance your original deal for some reason). I don't...- G_Alexander
- Post #95
- Forum: Real Estate Investment Forum
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