Simon Shih (Houston, Texas) Long time lurker, second go at newbie

Simon Shih (Houston, Texas) Long time lurker, second go at newbie

Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes

I am a middle-aged man; who is business minded and wants to be real estate investor. I presently work in the Oil and Gas industry and travel anywhere from 6-10 months out of the year. I can be home for long periods of time so I want to fill my downtime with something interesting, challenging and profitable. I am recently married and want to build a residual income stream so that I can spend more time at home, with the ultimate goal of not having to travel for work at all.

I am looking for a partner, but you can read about that on my profile, since no sales pitches are allowed here.

I have been reading everything I can get my hands on and listen to the BP podcast during my commutes and work downtimes. I am also working on my real estate license online before/after work and on my lunch break.

The amount of information here is awesome and I love the attitude of the founder and they key people here. People can make money and be successful and avoid morally questionable business practices.

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Massage Therapist · Chicago, IL · Member since 2015 · 613 posts · 84 votes
10y

@Simon Shih

Welcome to Bigger Pockets. Congratulations on your recent marriage. 

At the bottom of this page is a list with help in it. Click on help. You will see answers to questions that you didn't even think of. 

                             Enjoy as you prosper.....

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  • Massage Therapist · Chicago, IL · Member since 2015 · 613 posts · 84 votes
    10y

    @Simon Shih

    Welcome to Bigger Pockets. Congratulations on your recent marriage. 

    At the bottom of this page is a list with help in it. Click on help. You will see answers to questions that you didn't even think of. 

                                 Enjoy as you prosper.....

  • Investor · Bay Shore, NY · Member since 2014 · 1k+ posts · 688 votes
    10y

    @Simon Shih

    Welcome aboard the vibrant BP community. You already have some experience and with additional effort, will quickly climb the REI ladder to its pinnacle.

    To be more successful, you simply have to work on the other elements to progress your REI pursuit.

    Below, are some quick links to get you engaged on this site while waiting to be connected with a business partner.

    REI books suggested by BPers

    http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books

    Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

    Feast on the Podcasts, #askbp Podcasts, blogs and webinars

    Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

  • Investor · Houston, TX · Member since 2015 · 60 posts · 18 votes
    10y

    Welcome to BP! I'm sure you know that there is a ton of information on the site along with amazing people willing to help and support you along your RE journey. There are also a bunch of clubs, events, and meetups all around Houston if you want to do some local face to face networking.

    Will you the best in all your endeavors!

  • Investor · Coppell, TX · Member since 2008 · 2k+ posts · 646 votes
    10y
    Originally posted by @Simon Shih:

    I am a middle-aged man; who is business minded and wants to be real estate investor. I presently work in the Oil and Gas industry and travel anywhere from 6-10 months out of the year. I can be home for long periods of time so I want to fill my downtime with something interesting, challenging and profitable. I am recently married and want to build a residual income stream so that I can spend more time at home, with the ultimate goal of not having to travel for work at all.

    I am looking for a partner, but you can read about that on my profile, since no sales pitches are allowed here.

    I have been reading everything I can get my hands on and listen to the BP podcast during my commutes and work downtimes. I am also working on my real estate license online before/after work and on my lunch break.

    The amount of information here is awesome and I love the attitude of the founder and they key people here. People can make money and be successful and avoid morally questionable business practices

    Hello and welcome!  It sounds like you have your **** together.  I am 59 years old and I was looking for something to do part time.  I found BP about 3 months ago and I am still learning.  I graduated from college and I got a broker license in 1980.  Regardless of getting s business degree with a real east emphasis I got back in the construction business.  I was there since I was 17.  If you think I would any help to you please don't hesitate to contact me.  Good luck!

  • Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
    10y

    @Simon Shihwelcome to BP and congrats on getting going again. I invest in Houston and have a large apt community there. What type of deals are you looking to do? 

  • Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
    10y

    @Renea Steward - Thanks :)

    @Linval T. - Thanks for all the tips and links. I'll be diving into it in my spare time.

    @Michael Lee - Thanks. I think I have my $h!t together, but time will tell. My goal is to so something by the end of Jan 2016. I'll keep you in mind. I know I will need help in the future.

    @Joe Fairless - I am still researching my options as to what type of investing I want to do based on my goals. I think my plan is leaning towards rentals, BRRRR, multifamily homes, buy and hold. I have a good job and in order to stop doing what I'm doing (or doing less of it), I'll need a monthly residual income to replace it. I will be working on my business plan this month and will have something in place before I do my first deal.

  • Investor · Sugar Land, TX · Member since 2014 · 223 posts · 62 votes
    10y

    @Simon Shih - Welcome to BP and congrats on geting kickstarted again!  I live in the Houston area as well, so maybe we can sync up some time in the near future.

  • Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
    10y

    @Charles Nguyen - Thanks man. I'll be looking for a deal early January. 

  • Real Estate Investor · Houston, TX · Member since 2015 · 269 posts · 31 votes
    10y
    Simon Shih Hello good sir!! I'm a fellow Houstonian as well! We are super excited to have you apart of the BP family now! Initially I began my investing career looking into fix and flips, then shifted my attention to the Notes side of the business. I found that area to be an excellent opportunity to create passive income and strong capital gains. Looking forward to connecting with you, who knows maybe even do a deal together!
  • Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
    10y

    @Roland Thomas - Thanks. I look forward to it. A deal together in the future would be great.

  • Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
    10y

    @Simon Shihgot it, makes sense. Good luck with the approach. One wrinkle you might want to look at is finding 4 units that can converted to 5 units. That worked out well for @Jered Sturm

  • Investor, Real Estate Agent · Sacramento, CA · Member since 2015 · 56 posts · 32 votes
    10y

    Welcome to BP simon. This a great way to build you knowledge on investing into real estate. I specialize in single family residential. I can provide you some assistance on finding a great property. PM and we can set something up! 

  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    10y

    @Simon Shih

    Welcome to Bigger Pockets. Consider sending messages to other members for specific guidance.

  • Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
    10y

    @simon 

    @Simon Shih oh my gosh, how did I know see your logo and website name in your first post. WOW, LOVE IT. How did you come up with that name? 

  • Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
    10y

    @Joe Fairless. I have been working on it and just uploaded it in the last few weeks. Been working like mad to get everything up and running. Website is done and I'm about to send out my first round of mailers. 1000 postcards. Should be interesting if o get a response because I'm leaving to go offshore for work next week. 

    The name is because it's like the opposite of who I am. I'm the most non Asian, Asian and I have long hair and tattoos. Luckily, the domain was available. If it hadn't have been, I'd probably be the rocker horse or something. Lol. 

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