Ep41 - Handling Risk in Real Estate with Alexander Felice
06/24/21 • 54 min
When investing, the number one thing that comes to mind is RISK. Although losing money is the inherent worry that most people have about real estate investing, being overly concerned with its downside will cause investors to overlook the great opportunity of its potential upside.
In today’s episode of the Expert(ish) Podcast, our guest, Alexander Felice will talk about why real estate is for everyone. He will also share great advice on how to play the game of property investing and how to deal with risks associated with it.
His advice:
- You need to be around people who are already doing what you want to do and are willing to be a sounding board for your success.
Alexander Felice is a Multifamily Apartment Syndicator and a Digital Media Storyteller.
He is passionate about learning almost anything and strives to become the best at it.
Being a rebel at heart, Alex is a contrarian by nature, but his words speak the truth.
Enjoy!
This episode is brought to you by Vouris –
We’re Vouris – we’ve developed a powerful framework that allows early-stage startup companies to build stronger sales teams and hit their revenue targets.
We call it the 5 Components of Sales Effectiveness:
- People
- Process
- Message
- Technology
- & Leadership
Let us tell you exactly what to focus on to dramatically improve your results. We help early-stage startups hit their revenue goals and you are only one click away from more revenue.
In This Episode
1:40 - Backstory of Alexander Felice
6:38 - How he handles flaws in his personal and professional life
11:59 - What makes some people afraid to invest
14:44 - His best method for learning the ropes of real estate
18:43 - Why investing in real estate can be for everyone
23:14 - How to play the game of property investing
30:02 - How Alex began buying properties
37:52 - The best way to become better at anything
43:05 - Alex’s theory for single-family homes for the coming years
50:28 - How crises can create opportunities
Favorite Quotes
"If you're 25 and you have limited resources, go off, borrow money and flip houses. Go off to start a wholesaling business, work on labor or maybe get a few homes and sit on for risk mitigation. Don't buy gold. But if you're 65 and you have assets and you're coming to this market right now where inflation's high, it's like yep. The time to buy gold is now." - Alexander Felice
"Self-belief is the absolute hardest part of life. Success, relationships, and growth, just come down to if you really believe it, you can get it done." - Alexander Felice
"I'm the king of doing stuff that is kind of lousy and then just doing it anyway. But what I'm really good at is I stick with things for years." - Alexander Felice
"You need to be around people who are already doing what you want to do and are willing to be a sounding board for your success." - Alexander Felice
"Finding that balance of hype and wisdom is definitely a skill in itself. But if you want wisdom, talk to somebody who has been investing and survived the 2008 collapse. If you want hype, talk to somebody who's been doing it for 18 months." - Alexander Felice
"You can really make some mistakes in real estate. But as long as you can ride the waves, you're going to be okay." - Alexander Felice
"Stop trying to get rich quick. That's a fool's errand. iI you can make small profits and gain and get paid for the experience, it's going to compound over time and to an obnoxious big degree." - Alexander Felice
"It's really important to stay flexible, to pay attention to the market, to gain that experience, be able to move around, understand your risk portfolio, understand that the economy is going to change and adapt and play the game as it changes." - Alexander Felice
Engage with Alexander Felice
From Military to Millionaire Podcast
Connect with JAY JOHNSON
Call (858) 925- 4536
When investing, the number one thing that comes to mind is RISK. Although losing money is the inherent worry that most people have about real estate investing, being overly concerned with its downside will cause investors to overlook the great opportunity of its potential upside.
In today’s episode of the Expert(ish) Podcast, our guest, Alexander Felice will talk about why real estate is for everyone. He will also share great advice on how to play the game of property investing and how to deal with risks associated with it.
His advice:
- You need to be around people who are already doing what you want to do and are willing to be a sounding board for your success.
Alexander Felice is a Multifamily Apartment Syndicator and a Digital Media Storyteller.
He is passionate about learning almost anything and strives to become the best at it.
Being a rebel at heart, Alex is a contrarian by nature, but his words speak the truth.
Enjoy!
This episode is brought to you by Vouris –
We’re Vouris – we’ve developed a powerful framework that allows early-stage startup companies to build stronger sales teams and hit their revenue targets.
We call it the 5 Components of Sales Effectiveness:
- People
- Process
- Message
- Technology
- & Leadership
Let us tell you exactly what to focus on to dramatically improve your results. We help early-stage startups hit their revenue goals and you are only one click away from more revenue.
In This Episode
1:40 - Backstory of Alexander Felice
6:38 - How he handles flaws in his personal and professional life
11:59 - What makes some people afraid to invest
14:44 - His best method for learning the ropes of real estate
18:43 - Why investing in real estate can be for everyone
23:14 - How to play the game of property investing
30:02 - How Alex began buying properties
37:52 - The best way to become better at anything
43:05 - Alex’s theory for single-family homes for the coming years
50:28 - How crises can create opportunities
Favorite Quotes
"If you're 25 and you have limited resources, go off, borrow money and flip houses. Go off to start a wholesaling business, work on labor or maybe get a few homes and sit on for risk mitigation. Don't buy gold. But if you're 65 and you have assets and you're coming to this market right now where inflation's high, it's like yep. The time to buy gold is now." - Alexander Felice
"Self-belief is the absolute hardest part of life. Success, relationships, and growth, just come down to if you really believe it, you can get it done." - Alexander Felice
"I'm the king of doing stuff that is kind of lousy and then just doing it anyway. But what I'm really good at is I stick with things for years." - Alexander Felice
"You need to be around people who are already doing what you want to do and are willing to be a sounding board for your success." - Alexander Felice
"Finding that balance of hype and wisdom is definitely a skill in itself. But if you want wisdom, talk to somebody who has been investing and survived the 2008 collapse. If you want hype, talk to somebody who's been doing it for 18 months." - Alexander Felice
"You can really make some mistakes in real estate. But as long as you can ride the waves, you're going to be okay." - Alexander Felice
"Stop trying to get rich quick. That's a fool's errand. iI you can make small profits and gain and get paid for the experience, it's going to compound over time and to an obnoxious big degree." - Alexander Felice
"It's really important to stay flexible, to pay attention to the market, to gain that experience, be able to move around, understand your risk portfolio, understand that the economy is going to change and adapt and play the game as it changes." - Alexander Felice
Engage with Alexander Felice
From Military to Millionaire Podcast
Connect with JAY JOHNSON
Call (858) 925- 4536
Previous Episode
Ep40 - What is an IRA: Maximizing financial freedom with an IRA with Erik Hitzelberger
Finance is an integral part of our lives and plays a key role in each of our life events.
While it is true that the way we handle our personal finances has a direct impact on every aspect of our lives, most of us lack the knowledge and skills necessary to manage our finances effectively.
In today’s episode of the Expert(ish) Podcast, our guest, Erik Hitzelberger will discuss how an Individual Retirement Account (IRA) can be used to achieve financial freedom in a number of unique ways. He will focus on the topic of Self-directed IRA as a tool for investing in real estate. In addition to property investment, Erik will also share some creative ways of maximizing the potential of an IRA.
His insight about Individual Retirement Account (IRA):
- There is a limit on how much you can contribute to your IRA, but there's no limit on what you can make.
Erik Hitzelberger is the Founder of the Freedom Property Group (FPG), Kentucky’s premiere turn-key rental provider. Knowing that financial literacy is not taught in most academic institutions, Erik has made it his mission to educate people on how to manage their personal finances and achieve financial freedom.
Enjoy!
This episode is brought to you by Vouris –
We’re Vouris – we’ve developed a powerful framework that allows early-stage startup companies to build stronger sales teams and hit their revenue targets.
We call it the 5 Components of Sales Effectiveness:
- People
- Process
- Message
- Technology
- & Leadership
Let us tell you exactly what to focus on to dramatically improve your results. We help early-stage startups hit their revenue goals and you are only one click away from more revenue.
In This Episode
2:27 - Discovering how self-directed Individual Retirement Account (IRA) works
5:09 - How self-directed IRAs can be used to invest in real estate
9:59 - Are properties under an IRA protected?
12:19 - The limitations of self-directing IRAs and how to overcome them
18:12 - A few creative ways to utilize an IRA
25:12 - The challenges associated with self-directing IRAs
30:27 - Why Erik is passionate about educating people on personal finance
Favorite Quotes
"Personal finance and managing your money is one of the most important things that you're going to do in life. And yet we're not given any education at any point. People tell you, 'Oh, just blindly dump money into a 401k or whatever. And that's the solution.' And it turns out it’s not." - Erik Hitzelberger
"One of the things people don't really know is that you can do most of the same investing that we do outside of our IRA with our traditional money inside of an IRA." - Erik Hitzelberger
"One of the biggest things that you do have to be careful of with a self-directed IRA is there are disqualified entities and these are people that you can't do business with. And it is generally a vertical family tree. You can't do business with yourself, your spouse, your parents, or your children." - Erik Hitzelberger
"Personal finance and managing your money is one of the most important things that you're going to do in life and yet we're not given any education at any point."- Erik Hitzelberger
Get in touch with Erik Hitzelberger
Call (502) 921 3989
Connect with JAY JOHNSON
Call (858) 925- 4536
Next Episode
Systems and Processes - Game Changer
After being shattered by the market crash of 2008, Chris re-engineered his entire business to get back into the game. While strategy, relationship, and marketing are all equally important, growing yourself first is the most powerful key to move forward.
His process for creating a system that builds the foundation of his business:
- Find something that you like.
- Find someone in it that's still active.
- Put your blinders on for three years.
In today’s episode of the Expert(ish) Podcast, our guest, Chris Prefontaine will talk about why having a system is a game changer for a business. He will also share his 3-step process for creating a business system, why the timeline for building a successful business is unique to each entrepreneur, and how investing in yourself first can dramatically change your entire business life.
Chris Prefontaine is the Founder and CEO of Smart Real Estate Coach and author of the best-selling book, Real Estate On Your Terms. With over 30 years of experience in the real estate industry, he has been through several real estate cycles, leading him to have a deep understanding of the challenges and changes in the industry. As an advocate of constant education, Chris coaches investors on how to properly scale and automate their business throughout North America without using their own cash, credit, or taking out bank loans to buy property.
Enjoy!
This episode is brought to you by Vouris –
We’re Vouris – we’ve developed a powerful framework that allows early-stage startup companies to build stronger sales teams and hit their revenue targets.
We call it the 5 Components of Sales Effectiveness:
- People
- Process
- Message
- Technology
- & Leadership
Let us tell you exactly what to focus on to dramatically improve your results. We help early-stage startups hit their revenue goals and you are only one click away from more revenue.
In This Episode
1:44 - Backstory of Chris Prefontaine
4:41 - The meaning of his book, Real Estate On Your Terms
6:24 - How he views the timeline for building a business system
11:49 - Why growing your business is impossible without growing yourself first
19:06 - One of their worst deal that served as a big learning experience
24:36 - What Chris considered to be his greatest success
26:48 - His advice to anyone growing a business
27:58 - How he got started with writing a book
Favorite Quotes
"You cannot grow a company without growing people. And therefore you can't grow yourself if you're a solopreneur. Without growing yourself, you just can't do it. So don't get frustrated. Don't be mad at yourself. If you're not growing it's because you're not putting your time into you. Your money won't grow without you." - Chris Prefontaine
"If you're following people, make sure you're following someone whose weathered storms, both personal and economic." - Chris Prefontaine
Schedule your free strategy call with Chris Prefontaine
Book HERE https://smartrealestatecoach.com/action/
Connect with JAY JOHNSON
Call (858) 925- 4536
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