BiggerPockets


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Michael Faulk Verified


Michael has 37 Colleagues

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Adam Vodanovich
General Contractor
New Orleans, LA


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Shaun Reilly
Rehabber
Newton, MA


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Jason Windham
Shreveport, LA



Michael has 6 Followers

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Nelson Perez
Bossier City, LA


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JP Riturban
Private Money Lender
Mission Viejo, CA


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Justin B.
Lakewood, OH


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Braden Smith
Real Estate Investor
New Orleans, LA


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Brandon Wittcop
Shreveport, LA



Michael is following 10 members

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Amanda Han
Accountant
Fullerton, CA


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Peter Giardini
Real Estate Investor
Baltimore, MD


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Rich Weese
Real Estate Investor
sioux falls, SD



I am currently a Area Supervisor w/ McDonald's supervising overall operations of a patch of restaurants in Shreveport, Louisiana. As with many of the BP community I am investing on nights/weekends to accomplish my long term goals.

Experience

Currently I own a handful of rental properties.

My current strategy: To purchase properties rehab them and completed a cash-out refinance. This is the strategy that I used on all except the first house. I have had my ups and downs but I have pushed through and this strategy fits currently.

Involved in local REIA and local unofficial BP meet up.

Real Estate Goals

My goals are to continue to build my rental portfolio (Currently have 5) and grow by 1-2 a year (this is realistic for me currently).

My 5 year plan (approximately by 2017) is to have enough cash flow through my rentals to pursue real estate full time.

I would like to venture unto "flipping" preferably with a partner within the next year. I just want to have enough cash flow through rentals to support the business.

Update: 4 goals for 2014
1) Become a licensed Realtor in state of Louisiana
2)Continue to grow utilizing private investors. Currently, I have completed one transaction with private money and it went seamlessly
3) Work on my negotiation skills.
4) Continue networking with local investors.

Currently Seeking

Always I am seeking to learn something new about real estate investing. A day doesn't pass that I don't read the informative posts from the contributors on BP and am continually "sharpening the saw".


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Member since March 27, 2012 (last active about 3 hours ago)