All Forum Posts by: David Zheng

I want to ask details but hopefully its not too intrusive. its nice to hear other peoples experiences

but whats your freedom number? like are you happy cashflowing 5k/m 10k?

I see your an agent. did you quit your 9-5 job and are still an agent or are you just living off of rentals

Nice cars, big house, sweet monthly vacations, eating anywhere and everywhere I want (#singlelife)

then after that I'm all about just paying for more time with family, future kids education, health, relaxing. 

To make this more detailed, I'm probably going to upgrade my Gallardo to a Huracan!

instead of the just putting in a blank 50% expense, you can get more detailed. Its not hard to get the exact taxes, PMI, historical utilities, etc. for a property.

leave another 10% capex, 5% vacancy, 10% management costs (even if you self manage)

1% rule is just a very broad way to value something. Don't use that as an argument when presenting your offer. Also be careful of lowballing too much. you could not only get a blatant no with no wiggle room, but if the seller/selling agent know a lot of people, this could hurt your reputation in the area.

I totally want to see those interior pics as well. Looks like a beautiful location. Congrats!

So I just made the biggest purchase of my life 1.5 weeks ago with no money down and essentially doubled my units from 17 to 32.

Since then, I'm hitting 120 hour work weeks along with my full time and im pretty sure its going to be like this for the next month.

Im currently going absolutely crazy and im deada$$ tired but Im praying that within a month I'll still be alive and have the best success story ever.

Need some virtual good vibes please

what phone do you have. its nice to have your phone and laptop on the same platform to share events, notifications, etc.

Personally apple is way overpriced for what you need to do. XPS13 ultrabook is sleek, light, powerful, and has a whopping good battery life.

this was a clean hell no to me.

Credit score? look at what job he has and verify if he actually works there and for at least 2 years. when you say 10x rent are you offering rent at 300 and he makes 3000/month?

so many no's in this

I have to compete with cash buyers all the time. so here are some things I do

1. offer much higher than them

2. offer no inspection contingency (you better know how to analyze a property yourself)
3. 30 day close (commercial banks are good at this)
4. higher than normal earnest check
5. no financing contingency (risky but favorable to a seller)

Cash for keys is your other option. Pay them off and tell them to leave. As soon as they give you the keys and are out the door, change the locks.

Cash is king. Noone is going to want to work with you unless you have skin in the game.