All Forum Posts by: Dzung Doan

@Nicholas L.

As a visitor, of course yes. But probably not that frequently (also perhaps not my great desire to do so).

@Nicholas L.

Los Angeles

@Nicholas L.

No. Not even familiar to the market. That's why I'd need a local team (including the property manager).

@Nicholas L. Are you saying this amount of capital is not enough to hire a decent local property manager? Appx how much would be enough to make it passive?

Hello BiggerPockets Community,

I trust you're all well. I am Dzung Doan, a newcomer to the world of real estate investing. My investment focus leans towards a buy-and-hold strategy for rental properties, aiming to cultivate a relatively passive income stream. I am starting off with a capital of $35K-$50K and have a monthly savings rate of around $3K-$5K. I am anticipating using conventional financing for my investments, i.e., a 30-year mortgage with a 20-25% down payment.

After some initial research, I've become interested in the Little Rock, Arkansas market. I'm attracted to the stable economic indicators, growing population, and consistent rental demand in the area. The rent-to-price ratio also appears promising for profitable rental properties.

As I'm an out-of-state investor, I am eager to hear from those with experience in the Little Rock market. I would greatly appreciate any insights you might have on:

1. The unique features and investment potential of different neighborhoods within Little Rock.
2. Your personal experiences, both challenges and successes, in this market.
3. Recommendations for trusted local real estate teams, including agents, property managers, and contractors.
4. Any specific strategies that have worked well for you in this market.

Additionally, any advice on potential pitfalls or important considerations while investing in Little Rock would be very welcome.

My aim is to make well-informed decisions as I start my real estate investing journey. Your insights, advice, and suggestions would be greatly beneficial to me.

Thank you in advance for your time and help. I'm excited to learn from this community and grow as an investor alongside you.

Best regards,

Dzung Doan

Hello BiggerPockets Community,

I hope everyone is doing well. My name is Dzung Doan and I am stepping into the world of real estate investing. I'm specifically interested in a buy-and-hold strategy for rental properties, with the goal of building a passive income stream. I am beginning with an initial investment capital of around $35K-$50K, and am able to save an additional $3K-$5K per month. I am intending to use a conventional loan for my investments, which would include a 20-25% down payment and a 30-year mortgage.

I am currently considering the Milwaukee, Wisconsin market for my investments. The area's stable economy, consistent population growth, and strong rental demand make it an appealing choice. Furthermore, the rent-to-price ratio in Milwaukee suggests potential for profitable rental properties.

As an out-of-state investor, I am keen on learning from those who have experience in the Milwaukee market. I would greatly appreciate your insights on:

1. The particular characteristics and investment potentials of various Milwaukee neighborhoods.
2. Your personal experiences, both challenges and successes, within this market.
3. Recommendations for local real estate teams, including agents, property managers, and contractors.
4. Strategies that have worked well for you in this market.

In addition, I would be thankful for any advice on things to watch out for or consider while investing in Milwaukee.

My goal is to make informed decisions as I embark on this real estate investing journey. Your insights, advice, and recommendations would be incredibly valuable to me.

Thank you in advance for your time and assistance. I am eager to learn from this community and grow alongside you all.

Best regards,

Dzung Doan

Hello BiggerPockets Community,

I hope this message finds you all well. I am Dzung Doan and I'm new to the realm of real estate investing. I'm interested in a buy-and-hold strategy for rental properties and am aiming to create a passive income stream. I have an initial investment capital of around $35K-$50K, with an additional $3K-$5K saved per month. I plan to finance my investments using conventional loans, including a down payment of 20-25% and a 30-year mortgage.

At the moment, I am considering the Baltimore, Maryland market. I find its growing economy, increasing population, and strong rental demand particularly attractive. The rent-to-price ratio seems favorable, which could make this market a good fit for my investment goals.

However, being an out-of-state investor, I understand the importance of learning from those already familiar with the Baltimore market. I am particularly interested in:

1. The nuances and characteristics of different neighborhoods in Baltimore, including their investment potentials.
2. Personal experiences in this market, including both challenges and successes.
3. Recommendations for local teams - including real estate agents, property managers, and contractors.
4. Strategies that have proven to be successful in this market.

I also appreciate any advice on potential pitfalls or factors to be aware of when investing in Baltimore.

My goal is to make well-informed decisions and start my real estate investing journey on a strong note. I greatly appreciate any insights, advice, or recommendations you could share with me.

Thank you in advance for your time and your help. I am excited to learn from and grow with this community.

Best regards,

Dzung Doan

Hello BiggerPockets Community,

I hope this message finds you well. My name is Dzung Doan, and I am embarking on my journey into real estate investing. I'm interested in a buy-and-hold strategy for rental properties and am keen on creating a passive income stream. I have an initial investment capital of around $35K-$50K, with an additional $3K-$5K saved per month. My plan is to finance my investments primarily using conventional loans, with a down payment of 20-25% and a 30-year mortgage.

One of the markets that has caught my attention is Birmingham, Alabama. I am attracted by its diverse economy, increasing population, robust rental demand, and relatively favorable rent-to-price ratios.

However, as I'm currently based out-of-state, I would greatly appreciate the input and advice of those familiar with the Birmingham market. In particular, I am interested in:

1. The characteristics of different neighborhoods in Birmingham, including their investment potentials
2. Your personal experiences, both challenges and successes, from investing in the Birmingham market
3. Any recommendations for local teams - real estate agents, property managers, contractors, etc.
4. Any specific strategies that have proven to be successful in this market

Moreover, I would welcome any advice on potential pitfalls or important factors to be aware of when investing in Birmingham.

I am excited to make well-informed decisions and start my journey in real estate investing on a strong note. Any insights, advice, or recommendations that you could provide would be greatly appreciated.

Thank you in advance for your time and your help. I look forward to learning from and growing with this community.

Best regards,

Dzung Doan

Hello BiggerPockets Community,

I hope this message finds you well. My name is Dzung Doan, and I'm just starting out in real estate investing. My primary strategy is buy-and-hold for rental properties, aiming to create a passive income stream. I have an initial investment capital of about $35K-$50K and a monthly saving rate of around $3K-$5K. I intend to finance my investments primarily through conventional loans, with a 30-year mortgage and a down payment of 20-25%.

One of the markets I've been considering is Memphis, Tennessee. Its strong rental demand, favorable rent-to-price ratios, and growing economy are appealing to me as a potential investor.

As I'm residing out-of-state, I would like to tap into the collective wisdom of this forum to better understand the Memphis market. Specifically, I'd be very interested in hearing about:

1. The nature of different neighborhoods in Memphis and their respective investment potentials
2. Your experiences, challenges, and rewards from investing in the Memphis market
3. Your recommendations for local teams, including real estate agents, property managers, and contractors
4. Any tips or strategies that have proven successful for you in this market

Additionally, I'd greatly appreciate any advice on potential pitfalls, or critical factors to be aware of when investing in Memphis.

I am eager to make well-informed decisions and start my journey in real estate investing on the right foot. Any insights, advice, or recommendations you could provide would be immensely valuable.

Thank you in advance for your time and assistance. I look forward to learning from this community and embarking on this exciting journey.

Best regards,

Dzung Doan

Hello BiggerPockets Community,

I trust you're all doing well. I'm Dzung Doan, a newcomer to real estate investing with a focus on the buy-and-hold strategy for rental properties. I've gathered a starting capital of around $35K-$50K and can save an additional $3K-$5K monthly for further investments. My financing strategy centers around using conventional loans, specifically a 30-year mortgage with a 20-25% down payment.

In an attempt to make my investment journey as passive as possible, I'm researching markets and properties that can offer steady cash flow with minimal active management. One market that has caught my attention is Philadelphia, Pennsylvania, given its stable economy, rich cultural heritage, and attractive rental yields.

As I'm just starting my journey, I would love to hear from seasoned investors who have experience investing in the Philadelphia market from out-of-state. I am particularly interested in:

1. Understanding the different neighborhoods and their respective investment potentials
2. Hearing about the challenges and rewards you've faced in this market
3. Learning from your experiences with local teams (agents, property managers, contractors, etc.)
4. Gaining insights from your key lessons and successful strategies

Furthermore, any advice on potential pitfalls or critical factors I should be aware of in the Philadelphia market would be immensely appreciated.

My goal is to make well-informed decisions and hopefully embark on a successful journey in real estate investing. I am open to any advice and suggestions, and I look forward to insightful discussions with this knowledgeable community.

Thank you in advance for your time and for sharing your wisdom and experiences.

Best regards,

Dzung Doan.