Michael Faulk

Bossier City, Louisiana

Phone:	318-470-1244
Fax:	1-866-578-2369
Address:	Bossier City, Louisiana

Company:	Michael Faulk Properties, LLC
Phone:	3184701244 ext. 0
Fax:	N/A ext. 0
Address:	5314 Lucerne Lane, Bossier City, Louisiana, 71112

Email:	Michael.Faulk@gmail.com
IM:
Profiles:

I am currently a Area Supervisor w/ McDonald's supervising overall operations of 5 locations in Shreveport, LA. I am an adjunct professor at Louisiana Tech University teaching 1 class a quarter.

Currently, I own 1 townhouse and am rehabbing two free-standing single family homes. All of these houses are rentals.

Experience

Currently, I own 1 townhouse and am rehabbing 2 free-standing single family homes. All 3 of these houses are rentals. The townhouse was purchased February 2011, the 1st free-standing single family home was purchased November 2012 and I just purchased #3 on April 2, 2013. The townhouse was move-in ready when I purchased it and I primarily market that unit to individuals through AHRN (Barksdale AFB is very close and is my target audience). My second property was in need of renovation. I am currently renovating the property in between working full-time and the third property was a cash house that I will start working on when #2 is complete.

I have utilized individuals I have networked with through my personal life and through all of the re-builds/renovations that we have done as a company. We have 13 locations and we seem to always have construction going on at one or another. (But that is another story)

I am starting to become involved in our local REIA (Highland Rental Association) in Shreveport, LA.

Real Estate Goals

My goals are to continue to build my rental portfolio (Currently have 3) and grow by 1-2 a year (this is realistic for me currently).

My 5 year plan is to have enough cash flow through my rentals to pursue real estate full time.

Ideally,after I have 4-5 single family rental properties I would like to venture unto "flipping". I just want to have enough cash flow to support the business.

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".