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  1. G_Alexander

    Happy 2012: I'm back!

    Hello my Fastlane Brothas (and sistas); I’m back! I guess I was never really “gone-gone” in the first place, but I haven’t been around much and it is because I was hard at work making many good things occur. Over the past two years, a lot has changed. When I was 19, I posted about my first...
  2. G_Alexander

    James.S: Millionaire by 30

    HOT! 
    Thanks for that Kenric. Maybe if jrws had heeded my advice back in March in this very thread, he would be posting about a small first milestone he had accomplished by now. Instead, not only has jrws failed to make any progress on his first "weakly-planned dollar value goal", but he is now...
  3. G_Alexander

    Occupy Wallstreet Thoughts

    HOT! 
    Damn bank...always lending me money for things. And now I have to pay it back??? WHAAA??? GAAHHHHDDD!!! This is outrageous! Somebody call the fire department!
  4. G_Alexander

    James.S: Millionaire by 30

    HOT! 
    The "shotgun blast" approach you are taking can lead to you putting way too many irons in the fire and ultimately lead you to end up with nothing. I would suggest you stop chasing a certain dollar value until you have an opportunity for a running business. The difference between an idea and an...
  5. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    Thanks for asking Excalibur. I had an amazing idea about how I could reduce my risk and streamline this operation. I had a large buyers list built up because there is a huge demand for seller financing in my area since the banks and now the credit unions both no longer lend on mobile homes. The...
  6. G_Alexander

    Forum Update - Information Here

    HOT! 
    Great work MJ. Looks really good, but like Russ said I too am definitely in a foreign country right now without a dictionary. I will have to learn the language on my own! Of course, can't wait to see the speed limits and tags back up. Funny the first time I checked out the forum re-work I am on...
  7. G_Alexander

    Guidelines in commercial REI

    REAL ESTATE 
    Anyone can dream of having $35,000,000 in assets and a healthy cash flow, but those are your net worth goals...not your PLAN to achieve them. Right now the credit markets are still insanely tight. And chances are unless you have major collateral or a successful history with a local bank, you...
  8. G_Alexander

    20yrs Old: Time for Multi-Unit

    REAL ESTATE 
    The maintenance calculation would be spread monthly in valuation, but say for instance...gutters, which the place needs; they would be around $1000. That's $100 a month for the first ten months. Then a stove goes...or something else. Not saying that things would keep breaking, but even...
  9. G_Alexander

    20yrs Old: Time for Multi-Unit

    REAL ESTATE 
    Well, I know no one here had anything to add into property analysis, but I figured I'd give you an update anyways. I decided not to get this property after talking with two very intelligent friends of mine. It's easy to get excited, and even more excited upon running numbers and seeing...
  10. G_Alexander

    20yrs Old: Time for Multi-Unit

    REAL ESTATE 
    Hello Fastlane Family, how has everyone been? As you know I value all of your opinions, that is why I come here; to share my experiences to help you learn, and ask for help when I venture into a new arena. Well, this time I am asking for help. I will be talking with 3 of my close...
  11. G_Alexander

    David, I have not yet gotten my license and I am still debating. I may just keep investing and...

    David, I have not yet gotten my license and I am still debating. I may just keep investing and go that route. How has everything been for you? Are you back in the states yet? -G. Alexander
  12. G_Alexander

    Why have all the top posters disappeared?

    OFF-TOPIC 
    I come around the Fastlane more after I take action to share my experiences with you guys so you can learn from it, or help me if I am stuck. As it has been said, many are busy trying to keep up with the economic situation. I myself haven't been posting as much because I have been working hard...
  13. G_Alexander

    Robert Kiyosaki: 2010: The Best of Times or the Worst?

    ^^^^^^^^^^^^^^^^^^ Love Peter Schiff.
  14. G_Alexander

    Free Mobile Home - What Will it Cost You?

    REAL ESTATE 
    There are many ways to get creative with mobile homes. You can find free siding at MH dealers and MH movers who have extra laying around. MH dealers often get trade ins on new mobile homes and place the trade on the "0" books, because the home is not worth selling for the dealership. You can...
  15. G_Alexander

    Fastlane Fantasy Football - Year 2

    OFF-TOPIC 
    College + my first RE deal really took away from my management this fantasy season. It was fun for the first few weeks and then I was unable to give the full attention I needed to! Congrats everyone in the playoffs and cheers to all who played :cheers: Next year I will make sure I take...
  16. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    Hey Lightweight, Yes, I would recommend buying Lonnie's eBook titled: Deals on Wheels It will give you all the information you are seeking and the promissory notes, buyers agreements, and other forms are in the back for you to look at. They protect you well and if you see something in a note...
  17. G_Alexander

    Lonnie deal then no first time home buyer status?

    REAL ESTATE 
    No Runum, you make a good point. It does not include lease/rent to own. Sid, if you do not mind being a "Land Lord" then you can still definitely do the deal with a lease to own option. You will just have to have insurance in your name the whole time, pay the property taxes and help your...
  18. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    If you have any friends with a little cash lying around, go find yourself a buyer first and see how much they have to put down. If you can find a buyer with a $1000 to put down and you ask your friend for a $1000 for the deal you can have your cash easily. Just tell your friend you will pay him...
  19. G_Alexander

    Happy BDAY G-Alexander!

    OFF-TOPIC 
    Thanks MJ for the thread and the words of encouragement =) And thank you everyone for the birthday wishes :cheers:, I can't wait to share another successful year of information and stories with you on my journey from 20 to 21 and many years of successful stories thereafter. Thanks for all your...
  20. G_Alexander

    19 Years old: First RE Deal done

    REAL ESTATE 
    This is where the creativity in financing will need to come into play. I am going to be talking to smaller banks and presenting them with a full business plan on a property with a good amount of instant equity, if I put together a convincing enough business plan then hopefully I can get the...
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