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All Forum Posts by: Anthony Trollope

Anthony Trollope has started 2 posts and replied 14 times.

Post: Contractor for New Construction Duplex - Brazoria County TX

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7
Originally posted by @Jacob Fitzgerald:

@Anthony Trollope

Did you ever find someone?

Still looking! 

Post: Contractor for New Construction Duplex - Brazoria County TX

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7

Looking for any general contractors servicing the Brazoria County (Rosharon, TX) area of TX. I have a new construction project for a duplex I am working on and need bids. Please let me know if you can help or know someone who may be interested that you recommend. 

Post: Getting "In" and Creating A Career?

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7
Originally posted by @Raphael Collazo:

If I were you, I would consider getting a real estate license and joining a commercial real estate brokerage. Up until March of this year, I was a software consultant making very good money in the tech field. However, I knew it wasn't a career I wanted to pursue long-term and I also knew that I wanted to invest in commercial real estate. As a result, I figured there was no better way to learn the business than to broker deals and operate within the commercial sphere every day. 

I can honestly say the knowledge I've gained and the relationships I've built over the last 6 months have been invaluable and will continue to serve me throughout my investing career. Although it can take some time to build your book of business, I'm a big believer that there is no substitute for experience. Hope this helps.

All the best

+1 for this.

Daniel, with no income that you mention and an all options mentality it seems like a good fit for you to try. Your work ethic, interest and passion to succeed will determine pretty quickly if you’re going to be successful. Better to learn that fast and pivot back into something else that pays well so you can start putting away cash for deals. You wouldn’t be the first investor who doesn’t like their day job but is working towards some day being rid of it.

Also, you’ll know from listening to GC that he doesn’t do or recommend anything in half measures. His minimum 32 doors first deal is quite the mountain for you to overcome without experience or capital. Finding partners by being in the industry may help with that. Frankly, I see GCs logic, but also some of that 32 doors minimum waffle is to paint an insurmountable picture and encourage you to think about investing with him instead.
 

Post: Houston Housing Stats October, 2019

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7

An over supply of townhomes doesn’t surprise me, but would be interested to know if certain areas are bringing the averages down. Developers continue to keep building them just north of 610, in the Heights and Garden Oaks areas. That may be for different reasons, though. 

The warmer than normal weather we had last month no doubt contributed to some of these bullish stats.

Post: Hi guys - can't wait to join the ranks!

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7
Originally posted by @John L.:

I own two town homes in Houston that I rent out, but live in a cool old building downtown that I lease. 

Welcome to BP, John! What part of town are your rentals in? Just curious, do you think you’ll continue to lease your personal residency long-term or is that just a temporary preference? Some folks are big advocates of owning what you can rent out and leasing where you live, I’ve always wrestled with that myself.

Post: Starting in real estate

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7

Often no better mentor than the reading you can do here and the listening you can do to the podcasts. No question you have won’t have been covered at one point in time, you just need to be willing to find it. Best of luck.

Post: New member from Houston, TX

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7

@Juan Abreu Thank you for your service. Milk that no money down for all it’s worth!

What part of town are you in? Do you have a plan for what you’ll do a year from now when you move out?

Do you have a rehab budget in mind for the fixing up?

Post: 1st investment and BRRRR attempt

Anthony TrollopePosted
  • Pearland, TX
  • Posts 14
  • Votes 7
Originally posted by @Kyle Jensen:

After analyzing many properties over the past year, we finally got a property under contract and closed on it on December 31st! We used a HELOC from our primary residence to fund the $45k purchase price.

Great job, Kyle! Inspiring story.

I had a question about your HELOC terms. Mind if I ask how much equity you had in your primary residence? What was the process like getting it that done?

Originally posted by @Rawn Wilson:

Anthony - We did.  I am starting to look at a date in March now.  I was thinking around noon on the 16th.  The last meeting was more of a meet and greet, but I would like to start to focus on topics that would interest/help others in the real estate field.  If you listen to the BP podcast, you may be familiar with the "
Deep Dive".  I find those interesting and they always spark a lot of questions.  I think we should do that.  If you have a deal you have done recently, come prepared to share how you found it, what your strategy was, how much you paid, how you paid for it, and the final outcome.  All stories welcome, good and bad.

Everyone chime in that can attend.  Let's plan on Bakfish again.  Tables were plenty big.

Sorry, Rawn, I was away on vacation in Europe last week. Very familiar with the deep dive; the BP podcast provides some sanity on my commute from Pearland to the Heights every day. Ugh. I think that's a really interesting idea! 

Looking forward to the next meetup.

Originally posted by @Michael Powell:

Welcome to BP, Anthony!  Loving that traffic to the Heights, eh?  haha...  one day we will all read BP on our self driving cars on our commutes.

You're in a great spot to invest in buy and hold real estate!  I'm about 40 mins away in Sugar Land.  

Mike

Thanks, Mike. Said like someone who can obviously relate! :) 

Funnily enough, just two days ago I saw someone driving their Tesla behind me and it was obviously on autopilot. I need one of those!

Hope to meet you at one of the local meet-ups sometime. Cheers!