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All Forum Posts by: Gerardine Tshouongang

Gerardine Tshouongang has started 4 posts and replied 29 times.

Yes I’m looking at the Frisco/Prosper area as the PGA headquarter is being built there. Any thoughts on that area?

Post: STRs in Galveaton Texas

Gerardine TshouongangPosted
  • Dallas, TX
  • Posts 31
  • Votes 12

Hi Bp!

I'm looking to purchase a STR as my first real estate investment property in Galveston Texas. Does anyone here own STRs in that area? Do you see good returns? Also, do you self manage or pay for property management? If so, what percentage/amount? Moreover, am I crazy to buy my first RE investment sight unseen?

@Myka Artis duplexes are really difficult to find in the DFW area though 😣

@Scott Schober like what areas please?

Post: So you want to become a real estate investor?

Gerardine TshouongangPosted
  • Dallas, TX
  • Posts 31
  • Votes 12

@Salvatore Lentini

First of all, thank you!

Secondly, I am currently in the process of acquiring my first rental property and I was wondering how people typically pay property managers.

Thirdly, does one have to be present to close on a property?

Finally is the property management rate for STR similar to Long term rental?

@Andy Pham

Congratulations on this investment! Do you mind sharing what class neighborhood this property is located in?

I am surprised Dallas Texas is not in there although there’s been a rise in people moving down here in the past few years as a result of job growth and several other factors...

Big congratulations Michael! This is without any doubt an inspiring story. The realtor I'm working with suggested I look into acquiring a STR as my first RE investment, your story has convinced me this is the route I want to take. Thank you so much for sharing your story with us as well as the tips! Keep crushing it sir! :)

@Elijah Brown

Wow! This is so inspiring. I love your hunger and drive. Keep going Elijah!

Post: Property Investor in the Boston Area

Gerardine TshouongangPosted
  • Dallas, TX
  • Posts 31
  • Votes 12
Originally posted by @Andrew Freed:

@Gerardine Tshouongang - Of course, I purchased my property @ $560K in the Grafton Hill / Vernon Hill area (zip code 01604). This was pretty much a turnkey property with each unit requiring some minor aesthetic upgrades. It's probably about $10K of renovations. Each unit is 3 bed 1 bathroom and after full renovations, I can get about $1600 - $1700 per unit. 

Worcester is a really tough market to purchase in due to the investor interest. Usually you are up against multiple investors who offer quick closing and cash offers. Let me know if you have any other questions. 

 Thank you so much for this information. You are right, Worcester is a tough market. Did you work with a buyer’s agent/broker to acquire the property? If yes, would you mind sharing their information? Thank you