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Old 07-18-2018, 05:54 PM   #1
alwaysinshorts
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Default How many here have more than 1 rental property?

I am going to get into rental properties but I do not have much in the way of knowledge. Is there anyone here that has more than 1 that I can speak to? If you are in the Houston area i would love to treat you to lunch or coffee and if you are further away if you could spare some time on the phone.

I don't know anything as I am totally new at this. I have done tons of research and I am part of several boards but again i haven't actually purchased anything yet. My goal is to buy something before the end of the year.
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Old 07-18-2018, 05:56 PM   #2
westtexducks
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There was a great thread running on here awhile back, you may try searching for it and see if you can find it. I will see if I can scrounge it up and link it for you had lots of good info.
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Old 07-18-2018, 06:00 PM   #3
hully1029
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watching. also would love to find some info on buying/remodel/selling process/costs/roi.. etc
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Old 07-18-2018, 06:04 PM   #4
glen
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My Dad has for years. I tried it out and it is a lot of work. If you get big enough to hire a general worker - jack of all trades it is not so bad. Seemed like every time I was going on a trip something would happen. This was just with 2 duplexes or 4 units. My Dad did 24 and did most of the work himself for years. Now he has 1 full time employee and a part timer he calls. It is still a lot of paperwork etc. Too much like work to me. I like the idea of storage
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Old 07-18-2018, 06:07 PM   #5
batmaninja
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Rents are down now with all of the available apartments in Houston. And they are still building them. What part of town are you looking in?
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Old 07-18-2018, 06:21 PM   #6
SCREAMINREELS
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Quote:
Originally Posted by batmaninja View Post
Rents are down now with all of the available apartments in Houston. And they are still building them. What part of town are you looking in?
Not in the right parts...friend owns over 20 in the heights and has waiting lists with ridiculous rent.
He's been urging me to get into it. I'm scared but want to take the leap
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Old 07-18-2018, 07:36 PM   #7
MQ32Shooter
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I only have 3 left. Had as many as 8 several years ago. Best thing I ever did was buy income producing properties. Worse thing I ever did was sell some off!
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Old 07-18-2018, 07:38 PM   #8
Buff
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I have 2 really nice Duplexes (4 units )and 10 old rent houses.
I pay a management company to handle them.
Heck I don’t even know who lives in them.

Just bought them this year but so far it has just been mail box money
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Old 07-18-2018, 07:48 PM   #9
BW96
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Quote:
Originally Posted by Buff View Post
I have 2 really nice Duplexes (4 units )and 10 old rent houses.
I pay a management company to handle them.
Heck I donít even know who lives in them.

Just bought them this year but so far it has just been mail box money
How much does the management company charge? If you're comfortable with sharing.

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Old 07-18-2018, 07:55 PM   #10
AlaskaFlyerFan
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Quote:
Originally Posted by westtexducks View Post
There was a great thread running on here awhile back, you may try searching for it and see if you can find it. I will see if I can scrounge it up and link it for you had lots of good info.
Is this it?

http://discussions.texasbowhunter.co...d.php?t=691813
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Old 07-18-2018, 09:21 PM   #11
Slew
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Quote:
Originally Posted by Buff View Post
I have 2 really nice Duplexes (4 units )and 10 old rent houses.
I pay a management company to handle them.
Heck I donít even know who lives in them.

Just bought them this year but so far it has just been mail box money

I thought you were gonna brag about your awesome insurance agent!! Hell the crappie advise is worth 2x the premium!!!


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Old 07-18-2018, 09:33 PM   #12
stevieray54
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Buy Mobile home lots, rent the lots to people to put their trailers on or prefabs on
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Old 07-18-2018, 09:40 PM   #13
Abcdj
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We bought 5 acres with 2 houses on it in Corsicana 2 years ago. Our grangkids are there and we will retire there in a few years. We rent one of the houses out for a couple hundred dollar profit over the payment every month. We stay in the other house whenever we want to go see them. Looking to having it mostly payed off by renters by the time we move there.
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Old 07-18-2018, 09:40 PM   #14
TXHunter12
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Quote:
Originally Posted by stevieray54 View Post
Buy Mobile home lots, rent the lots to people to put their trailers on or prefabs on
How much can a lot like this rent for?
I guess you need to install septic and electrical.
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Old 07-18-2018, 10:50 PM   #15
Captain39
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I have 5 currently. I am a Houston Firefighter; but also been a Realtor for nearly 15 years on the side. Wish I had 20! I have clients and friends with 20+.
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Old 07-19-2018, 12:45 AM   #16
westtexducks
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Quote:
Originally Posted by AlaskaFlyerFan View Post
Yep, that was the one I was thinking of. Been several others on here over the years. There was another one from a couple of years back that was good as well.
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Old 07-19-2018, 12:59 AM   #17
rferg84
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Iíve got 17 houses, a quadplex, and a triplex.

Started 6 years ago.
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Old 07-19-2018, 08:53 AM   #18
DZM
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I have 3, had 6 at one point, my best advise is find a good realtor to rent them out for you. I used to find tenants myself, but about five years ago I had a realtor screen possible tenants with a fine tooth comb. The quality of renters I have now is great. Waaay less headaches. Wish I had about 20 now.
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Old 07-19-2018, 09:09 AM   #19
Acameron52
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Quote:
Originally Posted by Captain39 View Post
I have 5 currently. I am a Houston Firefighter; but also been a Realtor for nearly 15 years on the side. Wish I had 20! I have clients and friends with 20+.
This is what Iím working on. With our schedule it gives me plenty of time to do rentals. Iíve got a little nest egg waiting to find the right one to start with.
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Old 07-19-2018, 10:52 AM   #20
TexasLongball
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Tagging this for later but I am in the same boat about wanting to look further into buying rental properties in the Houston area.
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Old 07-19-2018, 10:58 AM   #21
axisbuck
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Only have one rental in Houston about to be two rentals by the end of this year.
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Old 07-19-2018, 11:12 AM   #22
panhandlehunter
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I've got two, but rent houses ain't for me. I'll probably sell these two and be done with it.
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Old 07-19-2018, 11:13 AM   #23
BuckSmasher
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Quote:
Originally Posted by alwaysinshorts View Post
I am going to get into rental properties but I do not have much in the way of knowledge. Is there anyone here that has more than 1 that I can speak to? If you are in the Houston area i would love to treat you to lunch or coffee and if you are further away if you could spare some time on the phone.

I don't know anything as I am totally new at this. I have done tons of research and I am part of several boards but again i haven't actually purchased anything yet. My goal is to buy something before the end of the year.
I am a full time landlord. I would love to go to lunch or coffee with you, we can go dutch. I own a MHP in Missouri and an Apartment Complex in Tacoma, started with SFH in Houston 7 years ago.

Send me a PM. I am in Missouri until Sunday.
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Old 07-19-2018, 11:27 AM   #24
Throwin Darts
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I owned one and that was enough headache for me. Sold that sucker last year.

My cousin owned 12 in Houston and was having heck with them. Final straw for him happened when his mother in law had a heart attack and the ER nurse working on her was the same lady who he was in the process of evicting from one of his rentals for not making a single rent payment. He sold them all and got out.
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Old 07-19-2018, 11:44 AM   #25
TalonErickson7
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Does anybody have any houses in the League city area?


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Old 07-19-2018, 11:44 AM   #26
Slickrick
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I have 6, and about to build another house. I am in Beaumont area. Pm me if you want to talk.
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Old 07-19-2018, 11:47 AM   #27
TalonErickson7
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Quote:
Originally Posted by Slickrick View Post
I have 6, and about to build another house. I am in Beaumont area. Pm me if you want to talk.


Were you referring to my post or the OP?


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