All Forum Posts by: Allen Wu

I own whole life but i have a diversified portfolio…. Money everywhere. Whole life not the best single product IMO. Agents are paid commissions and over sell it. I used to be a whole life salesman…. Sleezy for sure.

2 Votes

@Dovi Zagelbaum

Have a firm i use who does this and can provide background. Just pm me and I’ll i intro you for diligence.

0 Votes

@Andrew Meister

Closed on a duplex in SE cape.

1 Vote

Originally posted by @David Mares:

It is a really solid area - great location to attractions, shopping, food and family fun. Also within commute to a few military bases and multiple highways @Allen Wu - I would pull the trigger in a heartbeat if it was a deal.

Thanks! Do you see the SA market slowing down anytime soon? Market appears to be hot in recent months.

0 Votes

Originally posted by @James Dobbins:

I believe 50% is being generous. If we don't recover in the next two years, I expect 80% deflation in housing. Anyone who has been investing through the past 3 recessions wouldn't be shocked at this. The economy was rolling over pre-COVID. COVID just compressed the recession process into weeks instead of months. San Antonio, specifically, had a rental vacancy of what? 6-7% before the crisis? Landlords will be slashing rents all over just to keep whatever tenants they have now. When the city lifts the hold on evictions, forget about it!

Do you still think SA will crash in today’s market?

0 Votes

@Jason Malabute

What is your goal? I’m a buy and hold investor (long term). I’m in San Antonio and Cape Coral. San Antonio for slow steady growth and Cape Coral for some appreciate play like CA. All these units “cash flow” after PM fees and accruals etc. My CA properties are up on appreciation like 150% but not even cash flowing!!

0 Votes

@Reggie Dumont

Clever, but sounds risky with bad debt instrument. I recently took out 50k from 401k as a loan for down payment. Then I’ll pay myself back and use my future bonuses to pay that down.

0 Votes

@Mitchell R.

It depends on your market. I live in CA and it’s expensive. So I bought out of state like NW San Antonio TX and Cape Coral FL. Ended up closing on 3 deals since last March. I’m only 34 so wanted to go all in and let this ride. Fingers crossed there will not be another real blow up like 2008…. I’m ok with a slight correction but not crash.

Anyone with crystal ball for next 7 years for TX and FL markets?

1 Vote

All Forum Posts by: Allen Wu

Allen Wu has started 31 posts and replied 319 times.

Post: Where to hold Cash Reserves

Post: Out of state investing

Post: Whole Life Insurance for Wealth Building

Post: Private money lending

Post: Cape Coral, Fort Myers FL Cash Flow Rental

Post: Shaenfield Place Community in San Antonio, TX

Post: San Antonio market crash??

Post: selecting a market to invest in

Post: Cash from credit cards for downpayment

Post: What do we do with our cash now?