Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Michael Ardoin

Michael Ardoin has started 1 posts and replied 8 times.

Post: Newbie from Lake Charles, LA

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
Lane Babin I think you need add me a colleague first. I'm not totally sure how it works either. You can always just shoot me a text or email.

Post: Newbie from Lake Charles, LA

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
Hey Lane, Welcome to BP! I'm actually from Lafayette, my Wife from Lake Charles. We currently live in Houston, but travel frequently between the 3. Shoot me a PM if you'd like to chat!

Post: Real estate license in Houston

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
While I do live in Houston, I have not yet decided on if I will carry my license over from Louisiana yet. That being said I can offer you advice based off of when I obtained my license in LA. If you feel like you can actually learn from a slide show so to speak. Then go with the online. Most folks think they can, and eventually get burnt out about 20-40hrs in. It get's pretty boring, no matter what the school promises. The in person classes on the other hand, offer you that personal touch, that immersion in the material, that will help you to grasp it better. That is of course, if you learn better that way. The live classes will usually be taught by someone in the industry, which can be invaluable, having them breaking thing down further, give real world examples, and allow you to bounce your own what-ifs off of them.

Post: Wholesale Newbie - Houston, TX

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
Hey There Carmen, I am also near Houston, with an interest in doing the same. If you'd like to chat PM me and we can go from there and perhaps work somthing out.

Post: Paypal to collect rents??

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
If they are elderly or just not computer savvy. But are okay with Auto-Draft, you can set that up through erentpayment, and they can set it and forget it.

Post: Boots on the ground in TX seeking mentor

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9

Hello All!

It's great to be a part of Bigger Pockets! I've been lurking for a little while now, posting here and there, but I've decided an actual introduction would be a good jump-start. 

My name is Mike, and I am originally from Lafayette, Louisiana. I relocated to Mont Belvieu, Texas (Just east of Houston) about 9 months ago for work. I am a Surveyor by trade, and have done a little bit of everything from title abstract, boundaries, and oil & gas work. To doing construction and layout work in large plants, which is what I do currently. In addition to being a Surveyor, I am also a member of the Louisiana National Guard, and currently serve as a Crew Chief for Blackhawk helicopters. 

I practically grew up around real estate. My father is a residential contractor, and my mother was a property manager for years. Even though I grew up watching them do deals, and make their living in real estate, I never made a career out of it myself. It wasn't until I was in my late teens did I start to show an interest in it, and by that time it was the middle of '08-'10 and I was highly discouraged from making that my career of choice.

Of course time went on, and as I'm sure you all know, the oil & gas industry is a roller coaster, and during the last lull, I tried my hand at real estate full time, and became licensed as an agent in Louisiana. However, already being down on my finances due to the industry I was previously in being down, I wasn't really able to get the ball rolling, between keeping up with dues, and additional training, along with the ongoing cost associated with being an agent. Let's face it, selling real estate is a pay to play game. 

What being an agent did do however, was show me that I did not want to be an agent. Imagine that! It opened my eyes to the countless other paths one could take to make a living in real estate. After reading many books on investing in real estate, lurking this forum, listening to the podcast, and taking to other investors, I truly believe this is where I want to be!

Being so new the realm of investing, I would love nothing more than a mentor who can give me advice and help to guide me. Of course, I would never be foolish enough to think that there is anyone out there willing to help me, who I have not first helped myself. Therefore, I would like to offer my services to anyone who may need boots on the ground in the Houston area.  

If you are an out of state buyer, or even an out of area buyer from one of the other larger cities in Texas, I would love to speak with you. I would like to work with someone who has done their share of deals, but is looking to expand into the Houston market, or possibly even someone already in the Houston area looking for a good birddog. I can easily be your eyes, and ears in the area. I want to help you track down deals, evaluate deals based on your given criteria, and help you to work with contractors or other industry professionals in order to close deals, and build your business and your portfolio. 

I am not trying to take your leads and run with them, or even cut into your profits by taking a salary or some percentage of these deals. I am simply looking to help someone FIRST, so that they may help me later. I consider myself to be a pretty smart guy, with background in title, real estate transacting, and most aspects of construction. But I am far from anything close to a knowledgeable real estate investor. This is why I am willing to prove myself, so to speak, in the eyes of someone who knows what they're doing. Learn all I can from them, help them grow, and in turn use the knowledge gained to one day try my hand at investing. If this sounds like something you think you may be interested in, or would like to discuss further. Please do not hesitate to get in touch with me. 

Thank You!

Post: First Flip Went Right!!!

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
Great Job! Mind sharing how you financed the deal?

Post: Subject to on a VA loan

Michael ArdoinPosted
  • Baytown, TX
  • Posts 10
  • Votes 9
As I understand it, if you have a VA loan you are not eligible for another until the first is paid off. However, like John Kent mentioned, if the first VA loan is assumable, and is seen as "paid-off" in the current owners name, then he would be eligible for another loan with 0 down.