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All Forum Posts by: Diana Jing

Diana Jing has started 2 posts and replied 48 times.

Post: Multiple Syndicatiors sending out the same deal

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

Can someone tell me what classifies you as an accredited investor?

Post: I have $20,000 in hard cash, advice on next steps?

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

@Brandy Bruce That's great!  Keep up the motivation!

Post: Retirement with 3 houses paid off

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

@Nicholas Daniels I don't think that leaves much room for error on those lower priced homes.  Have you thought about leveraging more expensive homes that have a higher rent.  Over time they will be paid off with leverage, plus you get the benefits of appreciation, tax deductions/deprecation, debt pay down in addition to cash flow!  Just my thoughts.

Post: Limited Partnership in MF investment vs. Buying SFR or MF

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

@Heena Meena Sorry forgot to put you in the reply

Post: Limited Partnership in MF investment vs. Buying SFR or MF

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

You could easily get three SFRs in the midwest that would function like one MF.  What SFRs have you looked at to compare to the MF?

Post: I have $20,000 in hard cash, advice on next steps?

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

Have you looked into out of state markets where the market is more affordable?  I just closed my first couple turnkey properties in MO & AL.

Love it!  I'm currently doing this!  Great way to reduce living expenses and take advantage of low down financing!

Post: Refinance from my name to an LLC??? "I am sure BP can help"

Diana JingPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 48
  • Votes 120

This is actually a question I had because I was told that I am not able use an LLC when purchasing a conventional loan, but I can do a quit claim deed after I own it to an LLC. What are peoples thoughts on this, and has anyone ever seen the "due on sale" clause executed, and would this even apply? Thanks in advance for the help!