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Updated over 10 years ago on . Most recent reply

User Stats

65
Posts
33
Votes
Michael Powell
  • Rental Property Investor
  • Sugar Land, TX
33
Votes |
65
Posts

New Member from Houston, TX

Michael Powell
  • Rental Property Investor
  • Sugar Land, TX
Posted

Hello everyone,

Hope all is well!  I've enjoyed this forum very much since joining last week.  

I came across biggerpockets.com through a mention from the Mr. Money Mustache forums.  First, I thought to myself... bigger pockets?  What an ego booster!   But seriously, after spending a week reading through the forums here I'm very impressed.  There is some serious investment knowledge being shared here.

I'm from Houston and currently invest in single family homes in my area, but as I progress in experience and cash, I would like to go full steam into commercial retail strip centers.  For the time being, I'll continue with single family homes and possibly multi-family.  From reading the commercial forums here, it seems I'll need some time to build some cash reserves before making the jump!

I was a member of the Realty Investment Club of Houston for few years and was involved in their Toastmasters club for about a year.   Got married in 2012 and me and my wife are excited about making some more investments for our future. 

I look forward to meeting you, my fellow investors! 

Regards,

Mike Powell

Most Popular Reply

User Stats

15,182
Posts
11,270
Votes
Joel Owens
  • Real Estate Broker
  • Canton, GA
11,270
Votes |
15,182
Posts
Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

You have to look at alternative investment selections and weigh out the pro's versus the con's for what you want in your life.

My goal in life is to be happy and spend time with family, friends, and clients. Each investment cannot create a job for me or it is a non-starter. I already have a business which I love and is transacting commercial real estate deals for clients and my own investments.

I want to just do investments and stay mainly passive managing the commercial managers on properties. It's usually a phone call going over reports once a month. Professional businesses paying the rent and not trashing the inside of the units like in multifamily. 

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