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All Forum Posts by: Happy Sohi

Happy Sohi has started 4 posts and replied 5 times.

Post: Letter of interest directly to seller

Happy Sohi
Pro Member
Posted
  • Rental Property Investor
  • Maryland
  • Posts 5
  • Votes 2

Hello,

I want to send a personal letter of interest to a woman who inherited a condo from her father who passed away a couple years ago.

I actually want to move into the place myself for a couple years and then turn it into a rental.

How would you approach writing this letter of interest?

Thanks!

Happy.

Post: Property management reference questions

Happy Sohi
Pro Member
Posted
  • Rental Property Investor
  • Maryland
  • Posts 5
  • Votes 2

I am hiring a Property Manager for the first time. Does anyone have

1) list of questions I should ask them, and

2) questions I should ask when speaking to their references?

Thanks!

Post: All cash purchase or should I get a loan?

Happy Sohi
Pro Member
Posted
  • Rental Property Investor
  • Maryland
  • Posts 5
  • Votes 2

Hello Folks, 

I am interested in purchasing a home and am trying to figure out if I should purchase it all cash, and then refinance after rehab, or if I should get a loan.  This is an investment property, and I thought since I have the cash, I can benefit from an all-cash purchase and hopefully get a lower price.

My questions are:

1) Does it make sense to buy with all cash, and refinance in a few months, knowing i will pay closing costs twice?

2) Is it more difficult to get a mortgage on an investment property even though i would own it free and clear?

I do not want to tie up all my money in the investment, so I will definitely be getting a mortgage on it, but I want to get the benefits of being a cash buyer.

Thanks!

Post: Setting Up Family Partnership / Property Management Company

Happy Sohi
Pro Member
Posted
  • Rental Property Investor
  • Maryland
  • Posts 5
  • Votes 2

I am very interested in this topic, as well!

Post: Oahu Property Manager Recommendation

Happy Sohi
Pro Member
Posted
  • Rental Property Investor
  • Maryland
  • Posts 5
  • Votes 2

Hello!

Could anyone recommend a property manager for a rental property on Oahu in Hawaii Kai?

Thank you!