All Forum Posts by: Anant Lal

one of the advantages of renting to a frat might be lower vacancy. The frat I was in rented the same house for 10+ years. I also know that we were pretty low maintenance, in the 10 years we were there the landlord never did any renovations ever.

@JoseTamayoJr and @SueKelly

Thanks for the advice. I will take a look at both of those resources. 

House hacking is living in a part of the house and renting the rest of the house out to cover your costs. In certain properties you can live for almost free!

Had an android, currently use an Iphone. 

I just purchased my first property. It is a 3/3.5 in Houston. I am planning on living in it until I can save up enough money to buy a second downpayment. Since I have two extra bedrooms, I am planning on leasing them out to speed up my savings. I already have two potential candidates (my old roommates from college). 

My questions: 

1) Does anyone know where I can find a lease agreement that will cover an owner-occupied lease? Most of the things I could find online were for a landlord renting out to a tenant who would have full use of the property. 

2) I have a short term lease agreement using just the standard texas lease agreement, but some of the clauses in there don't really work for me. Would it be ok to just amend the language in the current lease agreement myself, or do I need to get a lawyer to write a new one for me?

@Anthony Piazza Good luck with your campaign! Let us know if you find any good deals. 

Well I currently am crashing at my parents house in Sugar Land until I can find a place of my own. Not really looking to invest in Sugar Land. 

Thanks @ShawnGreen

Hi all.

My name is Anant Lal, and I am just starting out in my real estate investing career. I live in Sugar Land, but am planning on moving sometime soon. 

I came out to the November 6th Bigger Pockets meeting at Third Floor and had a ton of fun. Got to meet some pretty cool people and I had some positive discussions about the Houston market with everyone. I'll see everyone at the December meetup!

I've been catching up on all the Bigger Pockets podcasts! Great stuff @BrandenTurner and @Joshua Dorkin . I've been listening for a week, and I am almost caught up to Episode 96. I've been listening in the bathroom, on my drive to work, at work, and everywhere else in between. 

Speaking of work, I am a chemical engineer working in the Oil and Gas Sector. 

I've been interested in real estate since I was a kid. I had the idea to buy and rent properties. Something about having someone else pay off the mortgage sounded really appealing to me. I put together a business plan, but the idea of doing a bunch of rehab work didn't seem to appeal to my other 12 year old friends. For some reason, none of the adults really wanted to loan a 12 year old kid 100K+ to invest either. 

I now have my own job and can spend my own money investing in real estate. I'm looking at buy and hold properties. Currently looking around the Third Ward area, and around the University of Houston for single and multi-family properties in the 100k-200k range. I'm likely going to go FHA for my first property. I am going to live there for a year, and then buy a new one. I'll be trying to post some deal analysis in the next few weeks and I hope I can get some feed back on what I am doing right and wrong.

Look forward to meeting and learning from everyone here!

~Anant Lal

P.S My copy of Rich Dad, Poor Dad comes in today. Looking forward to reading it.