All Forum Posts by: Harry Zhou

@Joe Chin Thanks for the input. PMed you for a small question.

I was researching some properties in KC using Zillow (running numbers through a turnkey provider's listing). The Zillow estimate (aka. Zestimate) is consistently 20K or more less than the turnkey provider's asking price. So my question for fellow Kansas City investors: is the Zillow totally wrong in KC or is the TK company asking too much?

@Ross, can you PM me the credit union info?

A few properties I have in Indy has [current] quote/policy at $5000 deductible and about 700/year, looking for good insurance agent with experience working with out of state investors.

Please contact me

Great post, may I ask if CA is going to collect tax (I assume an out-of-state LLC will pay more than just the 800 fee), what is the incentive of the LLC. Let's assume asset protection is not an objective here.

@Jerry Poon 

@Ryan I lived in MT before moving to bay area.

@Ben G. thanks

@Andrew Wong turnkeys, I am not good with rehab.

Background: busy software engineer in SF bay area.

Strategy 2015:  take calculated risk, invest dispensable funds to identify trustworthy out of state partners.

Started 2015:

• 3 (all out of state) rental properties.
• Holding cash for primary residency and/or out of state investments.

Today:

• purchased primary home in crazy bay area
• raised rent on 3 properties, 1 became vacant and we suffered 1 month rent loss.
• tenant flooded one of the properties, dealing with insurance now.
• added 3 more rental properties:
  • Purchased 2 property from FSHouses IN: started with one, very happy with the return so I purchased another one from them. Looking to expand my portfolio with them.  @Ashley Mullin and @Ryan Mullin
  • Purchased one property in Athens, GA from TopPerforming / J Tucker. The worst property I ever purchased, out of pocket around $5,000+ for all kinds of repairs already in 6 months. [I am not here to sabotage any business, real reviews here.]

2016 Goal:

• keep holding/improving current 6 properties
• working through a loan to close a 3-plex with a new turnkey provider.
• purchased 4+ more SFH.
• bring in more partners in software engineer industry for cash deals/better price.

Any east bay roofer/contractor recommendation?

@Jason L. any success to share?

@Dustin Karns

Following up... any updates? I just freed up some funds to snag another one...