All Forum Posts by: Jimmy Hong

Hi David Jiang, welcome to BP! I see that your in Tustin, so I'm sure we're pretty close since I'm in Irvine. Here the info on my out of state property deal:

http://www.biggerpockets.com/forums/88/topics/91140-out-of-state-property-deal

That's genius K. Marie Poe. What a great suggestion.

Hi Tyler Shanks and welcome to BP. Dawn A. is referring to mortgage notes, different than taxes.

I would say whatever strategy you decide to go with, make sure you work on establishing good credit, if you don't have it already. That is going to help a lot when you have little money.

Hi Tari Riles and welcome to BP! You are going to learn plenty here...

Hi Kristi L., foreclosureradar covers properties located only in the 5 states: CA, WA, OR, NV, & AZ.

If you are looking for foreclosureradar service in Nebraska, you are out of luck.

To recap, don't spend $40k on Armando Montelongo's seminar. Use that to invest in your next real estate property.

$50 million he claims he will make is probably bogus.

Thanks to Rashad Roane confirming he attended the seminar and stated it is a scam.

Best of luck to you Juan Garza, keep us updated on your progress. Maybe we can help along the way. Don't forget to listen to the podcasts... I recommend listening to all of them.

Hey guys, not sure if I consider Trump a guru but here is some light reading.

http://www.investinganswers.com/education/famous-investors/shocking-truth-about-donald-trumps-rise-success-6315

Hi David P., almost always you would have to wait 6-12 months. They will not appraise the property higher than $34k immediately after you bought it.

Also, research a little more about moving your property from your name into a LLC. I've learned that obtaining financing is more difficult if its under LLC versus personal name.

Hi Andrew Stevenson, welcome to BP. I'm in Cali and closing on a property in Memphis. I found the property online, double and triple checked the numbers, gross rent, rent rolls, property tax, utilities bills, estimated maintenance costs, property management fee, etc. Then hired an real estate agent, to take pictures of property and determine the grade of neighborhood. Hired property inspector to check out property and lastly decided it was a safe investment after going through all that.