All Forum Posts by: Caroline Widjaja

If you're just starting to invest properties in other state, don't go this wholesaler route unless you really know the area, sorry if I have to tell you the truth.
The reason I am telling you like this is because when you have enough experience, you will know which wholesaler is giving the real figures and which one are not. You will thank me one day. 

I live in LA but 90% of my investment properties are out of state. I always find a good agent first, then when the agent send me their PM recommendation, I always compare all of them. A very good agent will tell you the good and bad of each PM. Finding a good agent is not an easy task, it's like you're interviewing them for a job, be prepare to ask a lot of questions to them. To be successful in the real estate investment business, you're going to need a very good agent, contractor, and PM. 

Me and my husband are in a similar situation like yours, we both still have our full-time jobs AND an active investor, and my husband is still doing his side hustle as an agent, keep in mind that we still manage our client properties too. He's still doing that for 10 years and work PERFECTLY for both of us! 

Writing up an offer for client is the most challenging one for the first time because you need to setup everything at first, but because you're working remotely, you have no problem with that. Everything can be done electronically nowadays. Showing properties to client can be done during weekend and after work. During escrow process is also time consuming because you need to submit a lot of paperwork to escrow, but if you only have 1-2 clients, you won't have a problem with that.

My husband likes to have his time allocated to find some investment properties for our portfolios rather than being a full-time real estate agent and I fully support him and we are right on track. We have 30 investment properties all over the states already by now. 

Bottomline: You do NOT need to be a full-time real estate agent to be successful.

Hope that helps! 

Hello, my friend who is a Foreign National needs a 30-year loan, anybody can share the contact info of the lenders with me?
She is looking to buy a property in Los Angeles and only wants to borrow from the BANK (i.e HSBC). She wants to put 25-30% down payment only at the minimum. The reason why she only wants to borrow from the bank is because in her mind, investment companies/investors act as a loan shark and she is afraid that they will go bankrupt someday and don't know the future of her loan. That's why she prefers to borrow from the bank only. She needs a 30-yr fixed rate, no ARM.

Thank you!

If you bought the properties 3 years ago in Columbus, you would easily get a strong cash flow AND appreciation. This is RARE and I am not kidding. I am not sure about Cleveland rental market. As far as I know, it's good for flip and the property taxes is high.  

I can tell you honestly (from investor's point of view), it isn't because of my husband was a Buckeyes alumni, but we invested heavily both in Columbus & Indianapolis...Nothing can beats Columbus in terms of Cash Flow & Appreciation when you bought it 3 years ago. If you are thinking to jump into Columbus now, you're really late in the game. 

@Igor Nastaskin I have no experience in NoHo area, but I can tell you that do NOT listen to what the Seller (no matter if s/he is a RE Agent or not) said. Ask YOUR RE Agent to run the Rent comps for you for the last 3 months, see the inventory in that area and in how many days it's pending for leased. It will tell you how strong the rental market during this pandemic. It's as simple as that. Normally, if the supply is increased, your rent will go down.

@Simon Obas Don't ever skip the inspection process unless you plan to demolish the building or you're a contractor. 

I received $2,000 yesterday (4/22), I applied under two LLCs. They ran my credit score a day before receiving the fund. Whoever received $10,000 must be super lucky! 

I guess PPP applies to BIG companies only.  My ex-colleague told me that the company (a big real estate firm) that she’s working for, got $10 Million already from PPP, acting as a Lender, in partnership with BofA. Really confusing, huh?