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All Forum Posts by: Simon Shih

Simon Shih has started 12 posts and replied 345 times.

Post: Landlording Options for Traveling Property Owner

Simon ShihPosted
  • Investor
  • Houston, TX
  • Posts 354
  • Votes 186

I am wanting to do buy and hold properties, but one of my worries becoming a landlord while traveling for work. I spend anywhere from 6-9 months away from home and am wondering if my only option is using a property management company. Is it worth using one for 1 property? What are my other options?

Post: Simon Shih (Houston, Texas) Long time lurker, second go at newbie

Simon ShihPosted
  • Investor
  • Houston, TX
  • Posts 354
  • Votes 186

@Roland Thomas - Thanks. I look forward to it. A deal together in the future would be great.

Post: Simon Shih (Houston, Texas) Long time lurker, second go at newbie

Simon ShihPosted
  • Investor
  • Houston, TX
  • Posts 354
  • Votes 186

@Charles Nguyen - Thanks man. I'll be looking for a deal early January. 

Post: Simon Shih (Houston, Texas) Long time lurker, second go at newbie

Simon ShihPosted
  • Investor
  • Houston, TX
  • Posts 354
  • Votes 186

@Renea Steward - Thanks :)

@Linval T. - Thanks for all the tips and links. I'll be diving into it in my spare time.

@Michael Lee - Thanks. I think I have my $h!t together, but time will tell. My goal is to so something by the end of Jan 2016. I'll keep you in mind. I know I will need help in the future.

@Joe Fairless - I am still researching my options as to what type of investing I want to do based on my goals. I think my plan is leaning towards rentals, BRRRR, multifamily homes, buy and hold. I have a good job and in order to stop doing what I'm doing (or doing less of it), I'll need a monthly residual income to replace it. I will be working on my business plan this month and will have something in place before I do my first deal.

Post: Simon Shih (Houston, Texas) Long time lurker, second go at newbie

Simon ShihPosted
  • Investor
  • Houston, TX
  • Posts 354
  • Votes 186

I am a middle-aged man; who is business minded and wants to be real estate investor. I presently work in the Oil and Gas industry and travel anywhere from 6-10 months out of the year. I can be home for long periods of time so I want to fill my downtime with something interesting, challenging and profitable. I am recently married and want to build a residual income stream so that I can spend more time at home, with the ultimate goal of not having to travel for work at all.

I am looking for a partner, but you can read about that on my profile, since no sales pitches are allowed here.

I have been reading everything I can get my hands on and listen to the BP podcast during my commutes and work downtimes. I am also working on my real estate license online before/after work and on my lunch break.

The amount of information here is awesome and I love the attitude of the founder and they key people here. People can make money and be successful and avoid morally questionable business practices.