All Forum Posts by: Cha Yang

https://www.facebook.com/events/104020743637382??ti=ia

HmongREI is hosting our 3rd Seminar and Networking event. We are coming together to share ideas on how to find deals, network and utilize our resources. This is a FREE event open to the public. Topic of the day will be HOW TO ANALYZE, FUND AND RUN RENTALS lead by Cha Yang followed by a few short topics and a chance to network.

*This is a sponsored event, sponsors might display signs.

Hi @Karen Higgins,

I run a local REI group here in the twincities and we have a learning and networking event this coming Saturday from 9am-12pm at the Rosetown American Legion in Roseville, MN. The topic is going to be House Flipping lead by a local Real Estate Broker/General Contractor. Its 100% free and open to the public. We host a networking event every month on the first saturday. If you are looking for a ture networking event without someone pitching you to sign up as a member this is it. Here is the BP Networking event site: https://www.biggerpockets.com/forums/521/topics/422283-hrei-flipping-and-networking-seminar

HREI is hosting our 2nd Seminar and Networking event. We are coming together to share ideas on how to find deals, network and utilize our resources. This is a FREE event open to the public. Topic of the day will be Flipping Houses lead by Steven Thao followed by a few short topics and a chance to network. Refreshments will be provided. Seating is limited so sign up here or through https://yiahang.leadpages.co/meetup/

*This is a sponsored event, sponsors might display signs.

Neil Stanley awesome see you there!

HREI is proud to launch our very first learning and networking event. We are coming together to share ideas on how to find deals, network and utilize our resources. This is a FREE event open to the public. Topic of the day will be Wholesaling lead by Maynhia Stott followed by a few short topics and a chance to network. Refreshments will be provided. Seating is limited so sign up here or through https://yiahang.leadpages.co/meetup/

*This is a sponsored event, sponsors might display signs or advertisements but will not be actively pitching products or services.

I know everyone plans to win and due diligence is key to reducing loss in real estate. Either way there are times you will lose money, be it due to bad judgement, emotions, markets, under calculating repairs or over estimating ARV. After you are done with renovations and put the house on the market, you realize you are going to lose money on this deal, how do you plan for what is next? Do you call your tax accountant to get ready for a loss? Do you try to figure out a pricing strategy with your real estate broker? How do you more experienced real estate investors plan for or deal with a loss?

Hi @Daniel Godbout,

The best way I have found to find a good and reliable Agent is to get referrals from friends or family or anyone that has worked with an agent that caters to your specific needs.

Also ask about their real estate investment portfolio and experiences. Before I got my license I would require any agent I worked with to show me their portfolio.

Another thing to keep in mind is how many clients the agent currently has, as an investor you want speed. Not sure what your investment strategy is but you will probably need any agent that can get you comps fast to come up with ARV. You want to make sure the agent doesn't have to many clients or you might end up at the bottom of their priority list.

Hope this helps.

P.S. I see your from Oceanside, I was stationed at Camp Pendleton for 5 years. Loved the weather out there.

Hi BP, Just wondering what your thoughts or what you have done about insuring properties taken "subject to" in the twincities? I have a property that I go via Sub To back in august. I had the sellers keep their original policy and add me as additional insured to avoid due on sale. Now the Insurance company want to cancel the policy because the sellers are no longer the owners of the property. Should I just get a new policy and add the sellers as additional insured or should I get a policy and not add the sellers? Trying to minimize the possibility of Due on Sale as much as possible.

You are referring to the bandit signs, and contrary to the sign they don't buy any house in any condition. That's just to get people to call. They will look at the deal then decide if they want to offer on the property. I know because I have used bandit signs as a marketing strategy in the past also.