All Forum Posts by: Dan Bui

I would like to know if the delinquent property tax would be reported on one's credit report. Does anyone know how much the redemption penalty and fee are in CA?
Thanks

Is there a limit based on personal income? Is it phased out at certain income?

I've read a lot of Mike's posts, and I know that he's very consistent with his preaching of the 2% formula. But something always puzzles me is: for example you bought a house for $75000 and you turn around and rent it for $1500/mo. So if this renter can pay $1500 rent, why doesn't just go buy this $75000 house? I know, I know, you are an expert so you know where to find this incredible discounted deal, but if I can pay $1500 rent, I at least can buy $100,000 house and that's not hard to find.

I am currently taking courses to become an RE agent. It daunts on me that may be I should get into commercial RE because the world already has too many residential realtors. Is anybody in here a commercial RE agent or broker? What does it take to become one? I assume that it requires extra certification to practice in this field since it's so different from residential market. Thanks for any input.

I'm interested in joining an East Bay group. I consider myself a newbie although I have 2 rentals and in the process of buying my 3rd.