On this episode of Passive Income Pilots, Tait and Ryan interview Alex Felice, the creative director for the BetterLife podcast, real estate investor, and talented photographer. Alex, an Army veteran and globe traveler, shares his journey from financial struggle to success in the rental property market, inspired by the BiggerPockets podcast. He created the blog "Broke is a Choice" to help others achieve financial freedom through real estate. Alex discusses the benefits of real estate investing, such as steady cash flow and long-term stability, and emphasizes the importance of a supportive network, making sacrifices, and setting clear financial goals. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(03:28) Alex Felice's background and journey to financial freedom
(07:30) Key factors that helped Alex turn his life around
(11:47) How Alex got started in real estate investing
(13:56) Comparing stock investments and real estate: Why Alex chose real estate
(17:20) Alex's perspective on the US economic system
(20:22) What Alex would have done differently if he had initial capital
(23:56) Tips on saving money and avoiding lifestyle creep
(29:16) Alex's current projects and interests
(33:55) Ryan shares a relatable story for listeners
(37:20) Alex's favorite book: Antifragile by Nassim Nicholas Taleb
(39:05) How Alex bought a house he couldn't afford and made a profit
(42:00) The BRRR strategy: Buy, rehab, rent, refinance, and why it’s not ideal for pilots
(44:01) Alex's current investment strategy
(48:49) Alex's favorite book and investment philosophy
(51:50) The benefits of attending conferences for success
(52:26) How to find out more about Alex Felice
(52:42) Outro
Resources Mentioned
#20 - The Economic Landscape, Recession, Investing, and the Impact of AI Technology with Neal Bawa
Planet Money Summer School 2: Index Funds & The Bet
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Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.