Ep41 - Handling Risk in Real Estate with Alexander Felice

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!

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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

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