All Forum Posts by: Huy N.

 110k

thanks @Chris Bounds

@Mark S. welcome to the club!

I'm jealous!!!! jk - congratulation! 

@Mindy Jensen

yes, i'm so grateful to have nice bosses! i use that privilege very carefully and never abuse it, and work extra hours whenever i can to even it out :p

@Alexander A.

Thanks for chime in! I know that somewhere out there, there will always be a guy or gal who is also doing the same thing and facing the same challenge. I would love to hear your stories.

I will answer the above question myself: I haven't look hard enough and didn't make enough connection! I need to tell myself it is not because of the Market. It was all because of the lazy me!

With all the layoff in Oil and Gas right now i was forced to pay more attention to my job while still have to keep an eye on all the current rentals, while expanding the portfolio. This seems to be like the toughest thing to do on planet earth!

With all that said, I managed to add the 1st rental into my portfolio this year. It was in the middle of the day and i was working my day job. The wholesaler email came in with a house asking 80k with 10k repair with rental rate at $1250. After taking 10 mins to double check the numbers. I asked the boss to take the afternoon of and..get the hell out! I rushed to see the property. kidnaped my wholesaler, bring him to the bank, hand him the cashier check and get the contract signed!

Rehab is fairly straight forward with some little drama as usual. I then have my property manager listed for $1250 and have the lease signed with double deposit couple weeks later. I can not stress enough the important of having a good property manager. I originally want to list for $1200. But somehow there was currently no competition in the neighborhood. I agreed with the manger to list it at $1250. Best decision ever made!

Being an active investor while holding a fulltime job is so hard! Is anyone struggling like me out there? I would love to hear your story and how you deal with it!

Before

After

I just blog about it here @Nick Versetto

http://www.biggerpockets.com/blogs/4640/blog_posts/44426-how-i-shifted-my-mind-to-get-infinite-return---and-how-you-can-too

 Hey Jacob

I went to the event Indeed. It was in Vegas last February. Everything turned out to be awesome. Although they keep saying that the seminar is for everyone, I really think this is the next caliber of real estate investment and not an entry level seminar. If you are interested in syndication, you will have a great time learning and meeting awesome people. I would recommended it.

@Nick Versetto

Closing is scheduled for today! my partner signed a release of the deed yesterday.

Hopefully there will be no surprise is these last final moments....this is a historic moment for me! I do not own any mortgage on this property and will cash out some serious cash to fund another deal while still having positive cash flow and equity left in this one! Who doesn't like Real Estate!!

 here is some before pics

Hey Thanks for the comments

Look up @Jerry Ta on BP. He is my property manager.

Thanks

Huy