All Forum Posts by: Francis Dinh

 Hi Scott,

The housing pays 90% and located at in DFW area. I believe the housing worker already helped her to extend month by month from January to the end of March. 

Thank you for your response. I am only afraid if I am so hard on her, she might damage my property even I have her deposit.

Hello All,

I have my tenant on 1 single property. She is supported by the Housing Department.  I wanted to sell my house, so my agent told me it is better if the house is empty. It is convenient for open-house, and the contract ended in last 01/2019, but the housing department agreed to extend month by month until the end of March. Now, the tenant told me she could not find another house in the area with the same price range and does not want to move out and want to sign a renewal contract to avoid losing her housing voucher. I know when I renew it, it will get stuck there for another 12 months and the potential buyers might hesitate to buy if they need a house to leave or don't want to deal with housing. Please advise me. I really appreciate. I am only afraid if I am so hard on her, she might damage my property even I have her deposit.

Thank you.

Dear,

A tenant, who uses Housing,  likes my property and wants to rent it. 

What is the pros and cons of Housing program? I heard that I will be able to get paid on-time everytime and the tenant has to keep my house good in order to keep receiving Housing. Is that true? 

Please advise me about this. Thank you. 

Hello everyone,

I am a new guy, I just graduated from college and have a full-time job with $55,000/year. I want to start invest in real estate. I have around $20k cash. I live in Southern California, therefore I could not do anything with this amount in this area. I just bought a house in Dallas, Texas and rent it out with cash flow $100, mortgage $1700/month. Please advise me what I need to educate myself, what I should do now in other to start investing and succeed in real estate. I focus on Calidornia and Texas because I have relatives here, so I feel comfortable with it. I am new therefore I need all advise from experienced investors. How did you start and got to this point where you are financial free. 

Thank you for your time.

Francis. 

 Because as I known, the seller has just got the lien recently. 

Hello all,

I am buyer from California and under a contract to buy a house in Texas. It was supposed to close in next 48 hours. My agent just noticed me that the deal will be cancelled because the title company has found out that the seller has a big lean which is more than the money he would receive if this deal closed; therefore, I won't let this deal continue. The seller agent did not know about that or did not mention in the beginning. We don't know. My agent told me to send him all the receipts of the all expenses including deposit, appraisal and inspection fee, plane tickets, the salary which I would make on the day I was off to look for this house. I am going to send him all the receipts. What else do I need to do? This problem wasted my time. 

Thank you all.

Dear,

I will be closing my first property in Rockwall, TX on the Sunday after Thanksgiving and want to rent it our. My agent told me that the fee is 1 month of the rent which is around $1900, and the benefits are that it will be listed on MLS, right price, will be able to run the credit of the applicants, and find out their history with their previous renting, have documents for the tenant to sign. Is it actually the advantage? I think it is too much money for me. My only problem is that I live in CA, so I can take th applicants to see the house. However, I have my best friend who live around 30' away and is willing to take the appliant to see the house, but he does not have any experience on this. I don't know what I should do. If I choose my friend, I cannot have a chance to,list on MLS which will limit the people to see my property, and I don't know which document should I have them to sign, how to get the right renting rate.

And also, my agent told me about the "fixing-home insurance" which I would pay around $550/year. They will come to fix everything and I only pay $65 deductible every time they come, and they will take care everything. My house is 15 years old with new roof. Do you think this is a good deal than having a handy man?

Please advise me with my 2 problems. I appreciate that.

Thank you.

I have a question. How does the cash flown increase every year while I pay the same amount for all in 20 years?

 My goal of investing is create a cash flow after 5 years, so after that I can do the things I enjoy which makes less money. As a result, i won't have to worry about my financial issue with low pay job which I like to do.