All Forum Posts by: Chingju Hu

I think she basically don't know what you are doing is for financial freedom, because most people are not taught that way. I think it will be too much to digest if you just ask her to read books or listen to podcast or join BiggerPocket because she doesn't understand the benefit. Instead you can tell her some stories about how x or y achieve financial freedom in the early age and have a life that everyone wants. Tell her how it is not acceptable to work all life til 65 and retire

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If i were you, I would hire a few tall-and-strong-built-evil-looking-tattoo-covered bodyguards and go there to 'warn' them to leave.

*Not legal advice by any means

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I suggest to liquidate the stock and use that to invest in real estate before selling your primary residence especially if you are just starting out. There are many deals you can do with the $200k so don't sell your house just yet...

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I was reading this and it's very long, I haven't read the whole thread. And think this has nothing to do with bigger pocket or real estate??

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Yes you can structure creatively, have an attorney to structure it in well written form, make it a win-win-win deal for each one. And congrats!!

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This is incredible! At such young age! Please share more learning experiences you had from first property to this one! Very inspiring!

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50 is not too much given that your rent is way below market and haven't raised in 10 years. If you don't feel good about raising rent on this particular tenant then I think a better way is to negotiate with them and let them move out in one or two months. After they move out you can raise rent to market with the new tenant.

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Originally posted by @Glenn McCrorey:

@Chingju Hu Everyone says "you make your money when you buy" and that is true. The posts above have lots of good suggestions so I will throw out a different idea. Have you done the math on what an extra 5K will do to your cashflow? It will probably decrease your cashflow about $25 a month. 5K on any one deal is within the margin of error if you are trying to build a portfolio in my opinion.

Yes that makes sense, In my calculation, i know that $25 a month doesn't change anything. My main concern is that I'm not comfortable with the agent and with the situation anymore, and also I want to correct my mistake to start over on another property.

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Hey, fire the one created the lease and signed the lease, or change a new PM company completely. How did you not check the income expense report? Is there any? PM has lots responsibility in this i think

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Originally posted by @Andrew Ashby:

@Chingju Hu, Yes, the six figure jobs are indeed golden handcuffs for most people. As for the duplex, I wanted cash flow and I was willing to go into C-/D+ neighborhoods to get it. My agent kept a close lookout for me, so I pounced on it the day it came on the MLS: stable street in a C- area, built 2005, central A/C and heat, 3/1 on each side, 1050 sq ft on each side. I bought it for $80,000 with 25% down, so my cash plus closing costs were about $24,000. The NOI is about $11,500 and the cash-on-cash return is just short of 26%.

Wow this is such a great deal, incredible cash-on-cash return! What's the next type of property that you are looking to buy now?

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All Forum Posts by: Chingju Hu

Chingju Hu has started 11 posts and replied 74 times.

Post: Trying to help my girlfriend/ fiancee get the big picture

Post: I NEEEEEED to get these people out of this house. Please HelP

Post: Should I take $600k equity out of my house to buy more property?

Post: Handcuffed in Google Voice Jail.....don't do this.....

Post: How would I structure apartment building purchase with investors?

Post: $1,300,000 Deal at Age 21 & I'm Retired!

Post: How much can I raise the rent on a 10 year+ renter at just $600.?

Post: My offer I set the purchase price too high, now what?

Post: Mistake lease with $0/mo , can i get my tenant to pay?

Post: I did it. I have 4 units, I quit my job, and I got licensed