#130 with Alexander Felice: Scaling Successfully with Multi-Family and the Importance of Raising Capital

Millennial Millionaire Real Estate Podcast

English - December 03, 2020 19:17 - 46 minutes - 85 MB - ★★★★★ - 56 ratings
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Previous Episode: #129 with Eric Upchurch: How to Scale To Syndicating Over 571 Doors in a Year

Next Episode: #131 with Jonathan Farber: Overcoming the Challenges and Imperfections of Real Estate

In this episode, Jonathan Farber interviews Alexander Felice on his road from buying his first property after being sick of his W2 job to owning 8 single family homes and getting his second multifamily deal under contract. Alex is a growing investor and content creator based in Fayetteville, North Carolina. In this episode, we break down topics like: creating your first deal with no resources, where to start your real estate career, understanding chance and how it determines your success, and more!

Top Takeaways:

Building your first deals from nothing - 11:15 - 14:45

Look everywhere you can for the best numbers you can find

A little sweat equity will take a property from below to above market value

Take an FHA loan or whatever you can get to get in with little down, and save that much

Starting in single family vs. multifamily - 16:45 - 18:00

Multifamily properties are more economically efficient than single family

The experience and confidence gained from doing several single family deals will drive you through

Once you’re successful in single family, you can more easily attract investors for multifamily

Understanding the role of chance in your success - 20:00 - 21:30

There is likely a much larger effect by randomness than many people think

Many investors in the last decade have been buoyed by a beneficial market