All Forum Posts by: Alexander Felice

Financing is a more efficient use of capital, that's a fact not an opinion. Some people don't like to use and that's perfectly fine too, but it's a personal preference instead of the best use of resources. Especially with debt being so cheap right now. 

Lots of people don't want to use debt at first because they are worried about the risk, and change their minds as they learn the business more. 

Don't box yourself into a prison, stay flexible. 

Great networking for real estate investors of all experience levels.

This is an informal meet for people who want to build real relationships. 

No solicitations, no sales funnel, no courses being sold, just community.

The only thing you should assume about investors on this site when discussing cash flow is that they are: 

A. Lying through their teeth to satisfy their ego

or 

B. they have no idea what they are doing and will say anything that satisfies their ego

as @Ned Carey said, the definition of cash flow is murky. Technically reserves should be part of the NOI calculation like you are assuming, that isn't always how the world works though. Regardless of how you account for it, your reserves are coming from somewhere!

Having no money to put into a deal isn't the end of the world, but obviously not ideal. Once you find a deal and get the investors to pay for it, you will have no skin in the game. Maybe this is no big deal to your cash partners, but something to consider for sure. 

That said, a solid business plan that describes what specific type of asset you're looking for and how it will make money will help tremendously. This will ensure you know exactly what you're trying to accomplish and helps your potential partners see that you have a good understanding of what you're trying to accomplish. 

Then I recommend you network with local investors to find 

-potential deals

-the debt (lender)

-equity partners 

-contractors/property managers 

Real estate is a long game, so be patient and stick with it. 

fast cash close

no due diligence

pay more

Spend the majority of your time with people who have more success than you 

Commit to telling your story and adding value through digital content

Learn something difficult every single day

The goal should be to acquire talents, not units 

Pay yourself last, and if possible not at all

Hey Indy friends, I have a few more spots to fill the filming of the Indianapolis series of "Meet the Investor"

If you haven't filled out the google doc and are interested then please do, I'm reviewing every applicant. 

The most important requirement is someone who is enthusiastic about BiggerPockets and the opportunity to give back to this community. If this is you, don't be shy ;) 

Filming currently looks like it will start early March so hoping to finalize this soon. Thanks

I have 84 units managed with Spoat, Jackson, & Browne. 

they are indeed the real deal <3 

Welcome real estate investors to a community oriented event that is 100% focused on relationship building. 

There is no cost to come, there will be no sponsors, no pitches, and no agenda. It's just people hanging out with people talking about real estate. People who attend this meetup vary from very experienced to very new, all are welcome. 

I have done this many times, and I talked about it on my podcast episode 

The key for me was to use the delayed finance exception from Fannie Mae. 

the process is such: find a house under market value, when you add in rehab costs it should come to 75% of ARV. When you close the loan you put the rehab cost on the HUD and pay for it up front at the time of closing. Then when you refi you can get back 100% of the HUD cost with no seasoning period.

for easy numbers 

50k purchase 

25k rehab

pay 75k at closing 

ARV is 100k

loan is 75% or 75k (100% of your money).

now you have a deal with nothing invested, 25% equity, and cash flow on a 30 year fixed fannie loan. 

I've done the entire process in as little as 9 weeks