All Forum Posts by: Chingju Hu

If it only takes 15k to finish school, I'd say finish it, and then get a good helicopter job and save up like crazy. you'll rebuild the 15k and more when you have a job (after finishing school of course).

@Pat Noyes I'm going to provide a simple and obvious answer but many ppl will probably disagree with me You can simply buy another house near your house and rent it out. Buy a house that doesn't need rehab, in a good move in ready condition. Get a tenant, here you go, you get income from rental property now without complex BRRRR strategy or syndication or note, etc.

Originally posted by @James Call:

@Chingju Hu,

I think your question depends a lot on what area you want to work in.  If you have a PM in one area or the other that you like, then I would go that way.  

@Paul Ewing's comment about good managers is very important.  I also agree with the Fall/Winter comment. 

@Ryan Blake also brought out a lot of points that folks don't think about.  We have done some work with clients who come from places like Arizona and Cali and they can't believe all of the insurance issues we see in Texas. (To say nothing of the tax issues. )

@Ronald Rohde's comment about cash flow vs. upside is something that a LOT of people never think about.  If you buy one of those crummy old houses in a rough part of any town, the cash flow can be fantastic. 

I just spoke to the cleaning lady in the hospital in Denver.  Her home value went from $150k to $300k in 3 years.  You can't get that in any cashflow situation.  But, I'll bet if you would have bought it and tried to cash flow it at first, it wouldn't have been that exciting.  

In most cases, I think that appreciation and cashflow are not in bed together.  Sometimes you will see a unicorn that has both. 

Good luck, and let me know if I can help with anything.

James Call

Insurance Agent in Texas & Utah
LandlordInsuranceTexas.com

 Hi James, Thanks for your comments, what is the insurance issue you mentioned??

$2500 in cash reserve is very small to me, you have personal mortgage and student loan to pay, if all goes wrong like lost a job or something, $2500 doesn't last a month. Maybe I'm just conservative, but i suggest you reserve way more than $2500. or consider cash out refi on the single family home and use some of the cash buy another one. When you do cash out refi on the SFH, you put in $137k and value at $200k, if loan $150k, means you can take out all of your $137k and have $50k equity in it. congrates you just complete a BRRR

Originally posted by @Brenda Chen:

thanks for the mention @Jason Hsiao!

@Chingju Hu we have a meetup on Thurs. We do one happy hour / month + one speaker event / month :)

 Thank you for the info! I'm joining! ：）

@Jackson Tate White cabinet looks cheap to me in general. I have one property that has all black cabinet and black stove black microwave, black refrIgerator, black everything in kitchen and it looks very modern for my personal taste :)

@Lukas Vanagaitis hi what does your house look like? Mind posting detail and pictures here or in the market place?

Originally posted by @Jonathan M.:

@Account Closed Bay area appreciation is very compelling but so is cash flow each month. I already own two condos in San Jose, so maybe it's time to diversify out of state...

 How is your condo doing in San Jose, do they cash flow? If they do, just buy more?

Hi, I'm looking at both For Worth and Mckinney now and want to know your experience and which county do you vote for investing? my goal is long term buy and hold, I like 3/2/2 single family.  I also want the ease of renting out.

Currently the day on market is slightly longer than last year, and more property reduce their price, so I think it's a good time to buy a property, but it's fall/winter now and I'm not sure if it's going to be easy to rent out.

1. Fort Worth or Mckinney, which do you prefer to invest?

2. Is Fall/winter a good time to buy rental property? Do you buy at this time? is it hard to find tenant?

You can request for reference: his previous landlord's contact info and call them and ask if he pays on time every month