All Forum Posts by: Sung Kang

@MehranKamari Like most investor, funding is the tough. Also, depending on the size of the apartment, management is more difficult. I may be wrong but I like to have more family oriented tenants (seem more stable to me and have less turn over). On my past single family properties, I had tenants who stayed few years.

@AliBoone Thank you for your post. Currently I'm not intrested in Turnkey rental properties but this doesn't mean I won't be in the future. My plan is to manage the properties myself. On all of my past properties, I have managed and repaired myself.
If you contact happen to have a property for sale, I would not mind connecting with your contact in the Houston area.

@LyallStorandt Thanks for the welcome. I have notice a lot in the past 3 months I have lived in Katy and understand the how the it can be "bid up". I will do my due diligence on any investments I make.
I will keep you in mind and look you up on your website. I might contact you in the near future.

Jon:
I just moved to Texas 3 months ago. I'm liking the location (Katy/Houston) and the amout of construction. I'm currently looking for existing properties (good deals, foreclosures, wholesalers), but performa has to work too.
Also, I don't mind getting my hands dirty if property requires work (I can pretty much fix anything on the building). Since I'm in the construction industry, I have made several contacts with subcontractors. It also helps when you work for a compnay does $1B/yr in apartment developement/construction.
Not looking to build new right now.
I see you have a Ranch, I might bring the family and stay couple of nights but my wife have to agree (she's a city girl) so no guarantees.

Just a little history about myself. I have had one commercial rental property, and five single family rental properties. Three of the SFR are in Virginia with a partner and currently in the process of selling my ownership to my partner due to my relocation to Texas.
I like to continue investing in real estate near my new residence (Katy, TX). One of my main goals is to establish multiple SFR in my portfolio.
I have been in the construction and development industry for 20 years as a labor during my college years and professional estimator for various construction and development companies.
I have built and remodel homes, office building, restaurants, industrial plants, etc.
Current day job - working for developer/construction company that builds high quality apartment complexes.