All Forum Posts by: Rich Nickel

I would like to hear more as well.  Send me a DM .  let's talk some more.

Rich

@Michael Swanigan

Hey Michael.  Curious where your lots are.  Do you have any infrastructure in place currently? 

Rich

@Anton Ermolaev

I think in some ways this is a question only you can answer. But you asked for opinions and so here is one more. I would stay in the apartment and buy a single family investment property. I recently did an FHA investment property loan, yes I needed 25% down. But the rate was very reasonable. Part of this comes down to lifestyle. You live in close proximity to work. Is it worth changing your location to invest? If you can find the type of property you are willing to live in close to the office? maybe the above isn't of help to you.

All the best!

@Ozzy Smith 

This is what I love about real estate.  So many different ways to do it!

Congrats!  Keep getting creative!

Rich

@Chris Bounds

Resurrecting this thread! I came to one of the Fort Bend REI meetings you put together. The night you had Sam Craven speak. Great event and great people. Really enjoyed it.

Have you done some notes since posting this so many moons a go?

Have you found a note servicing company that you are working with?

Looking at some notes,  but I need to get a servicer lined up.

@Daryl Foot   welcome to bigger pockets.  I grew up in the lower mainland.  That has always seemed like a tough market to start a rental portfolio.   Moving to Houston was a complete change in thinking with regard to real estate.  Although property has appreciated substantially in the past few years,  that is definitly not the norm for this market.  I'm a buy and hold investor.  I manage a few properties as well.  Would like to hear more about your goals and what specifically you are looking for. 

@Cal Ewing  What kind of systems have you used to keep on top of your rental properties at a distance?

Good to meet you gentlemen!

Rich

The Discover Card has given me good rewards.  I'm not a rewards tracking kind of guy.  

@Daniel Miller  nerdwallet.com  ....  thats a cool little site.

Rich

@Mark Neiger  Lots going on here.  The property you mentioned that sold at a 5 cap 25% vacant.  How many units is it?  Whats the cap rate at a 10% vacancy?  Were the rents below market when you were looking it?

Rich

@Raj S.

With the time you have before moving to Houston you may be able to find investors that are looking to invest in property in a market like Houston.  They may be a source for financing or partnering.  You being in Houston brings something to that table that they may not already have.

What kind of out of state investing have you done?

Rich

@Raj S.

Are you currently networking at local real estate and investment club events in your area?

Rich