All Forum Posts by: Shane Hobbs

Go to your bank and ask if they have deposit cards. They are just like a debit card but you can only make deposits. Wells Fargo and Chase have them. We have been doing this for about a year and it has been great. Just go online and you know if rent has been paid. Hope this helps. 

I could not have got in the game without my wife. We have acquired 3 single family homes in the last year and a half. She was in the medical field and wasn't really happy. Since we started all I do is pick the property and she takes over. She has dealt with closings, contractors, showings, land lording and everything between. Did I mention she already dealt with an evictions?    She is simply put a "Beast" at this real estate thing. I hope your wife try's it. She may find she loves it. 

Best of Luck to you!

Sorry for not being more clear, the 5x5 units have roll up doors and are secure. There are 4 units on each side of a "hallway" and that hall has a roll up door, so from the outside you open a roll up door walk in to see 4 doors on the left and 4 on the right. It just seems like a homeless persons hideaway in that hall....

A storage unit I looked at recently had one roll up door to access 8 small 5 x 5 units. This seems like a security issue to me, am I to paranoid?

@David Jackson Lubbock is a great place, I have been trying to keep an eye on property there for the simple fact they won't feel the bust if this boom plays out. In the end I bought a property here in Midland, I can stay on it being in the same city and the rental income is to good to ignore. And go Red Raiders!!! lol

@Anthony Aguillard Thanks for the congats, been a crazy week trying to close and the J O B. sorry I missed you, hope all your business here treated you well.

@James Vermillion Thanks James, I have really enjoyed reading your input on the posts I have seen on here and the podcast you were on.

also thanks for the welcome and all the great posts I've read from you Jon.

I may be wrong but it just seems a little more passive than the other forms out there. For now I'm just staying open to any opportunity. We are closing on a SF 2bedroom 2.5 bath this week. This is to get our feet wet on buy and hold.

Hi BP,

I'm Shane Hobbs, my wife Sheri and I live in Midland, Tx. We enjoy travel, hiking and too much more to list. We are starting out with buy and hold in mind. Storage looks attractive in the future. I have been a reader of BP for some time now and feel there is a ton of knowledge and help to be had here. Thanks for the knowledge I have gained all I will learn from all of you.