All Forum Posts by: Antoine Baisy
Antoine Baisy has started 4 posts and replied 25 times.
Post: Start with Rehab or Inherent Tenants
- Houston, TX
- Posts 25
- Votes 2
Post: Start with Rehab or Inherent Tenants
- Houston, TX
- Posts 25
- Votes 2
For my first rental property, I would like to buy and hold a duplex. Looking around my area, the deals I see on the MLS are either in need of serious rehab or already have tenants. Since this will be my first rental, I was wondering what you think would be better to start with, rehab or tenant. It seems like there are pros and cons to both strategies. Here are a few I see:
Pros for Rehab: You get to see and correct the condition of the house immediately, you get to screen your tenants before giving them the keys
Cons for Rehab: time and $$ in rehab work, no income until you can find tenants for it
Pros for Tenants: Income right away and no need for immediate rehab (hopefully)
Cons for Tenants: Do due diligence to ensure income-generation (evaluate lease and rent details), mystery quality tenants, unable to fully inspect house condition
Where would you begin?
Post: Need help I see alot of vacant properties
- Houston, TX
- Posts 25
- Votes 2
@Anthony Kondor how will you know how much to offer the owners of the properties?
Thank you Jorge and Carol for the advice!
Originally posted by @Tina Reid:
There are so many review sites which you can refer. Like this one http://www.asecurelife.com/simplisafe-reviews/
Exactly, there are so many. Not always easy to tell which ones are actually worth delving into, but asecurelife looks like a good one. Thanks!
I have arranged for Bulldog ADT to hook up security in my house, but I'd like to know if anyone else has worked with them before. What was your experience like?
Then I remembered Simplisafe. which ease of install and month to month payment plan is attractive to me. What are people's thoughts on Simplisafe?
Post: Longtime lurker becoming active
- Houston, TX
- Posts 25
- Votes 2
Originally posted by @Zachary Akey:
Originally posted by @Antoine Baisy:
@Zachary Akey Did you PM any of these people? How is the BP networking going?
I did, but I fear that they posted here simply to get their BP post numbers up. As short as your reply is Antoine, it has more meaningful content than the others. I know this is not indicative of all BP members, but not a great start.
I am signing on this morning to look for a buyers agent in Brevard County, FL. I drove down here last night. My purpose for this trip is look at property and hopefully meet an agent. To be honest, I was a bit dismayed by the replies so I just drove the twelve hours to show up in person...
Unfortunately there are certain generations of people whom I believe see the internet as a marketing tool "to get there name out there" and not a business tool. What they fail to realize is that most millennials like me make no such distinction. Specifically if someone acts a certain way online, I have no choice but to assume they conduct business in person that same way.
Yeah, I'm completely confident there are still real, helpful people on the site. But as things like this get as big as it does, you get the people who simply walk around handing out business cards. That being said, I do feel you came off a bit abrasive for your introduction thread. I hope your face-to-face attempts yield better results.
Post: Talk REI Over Beers With A Newbie?
- Houston, TX
- Posts 25
- Votes 2
I enjoy a good beer. I'm new to this stuff so you don't need to pick up my tab, but I am interested in a laid-back shop talk.
Post: Longtime lurker becoming active
- Houston, TX
- Posts 25
- Votes 2
@Zachary Akey Did you PM any of these people? How is the BP networking going?
@Jay Greene Listening to the podcast has put a lot of books on my to-read list. "Rich Dad, Poor Dad", 4-Hour Work Week, Millionaire Next Door, Cashflow Quadrant, 10X Rule, The One Thing are all books I've heard mentioned over and over on the podcast by successful investors.