All Forum Posts by: Henry Zhu

I helped my mom, who is not a citizen or resident in the states, invest in a syndication a few years back. All we did was open a bank account for her, then she internationally wired the money into her own account. But it becomes tricky when you leave the states while having an active account in the US, because if there is anything you can't do on your mobile banking you are not able to just walk into a branch. It would be great if you have someone you can trust when you leave the states to deal with any issue that may arise with your bank account.

@Chad S.

I was researching about Airbnb in TX the other day, and have found out LTR is really hard to cash flow these days with high property tax. But Airbnb still let you pocket some money.

400k house there might only rent for $2000/month as LTR, you will be in the hole from day 1. Your PITI will be at least 2500.

So if you rent this house from the owner for 2000, then put it on airbnb. Your cash flow is 2000 before expenses.

Is this a crazy market? The down side is that you are not building equity. But you are also not losing money from day 1 either.

Anyone else can also share their numbers?

@Russell Brazil

For DMV, I do still think price will keep going up. Still lots of high income earner that can afford them now Amazon has come here.

But on the other hand, I do see average people getting priced out, and for those who can’t afford anymore maybe they will be forced to move to cheaper areas.

@Brandon Goldsmith

Columbus definitely has been on my watch list.

@Colton Hahn

31% wow that’s amazing. Can you send me more details on that?

@Nathan G.

I would certainly love to find deals can weather correction, and that kind of deal definitely needs a lot of networking and searching to find.

Rates are still historically low at 5%, but affordability/price to income ratio is at all time low also, same level as 08 according to FERD website.

The same rental I bought last year at 3.5% in College Park, MD would not make sense to buy anymore this year at 6% rate because price went up along with rates. Rent is pretty much steady.

Where are you all investing this year? Rates are hurting cash flow, should I look into STR with high cash flow? Which market do you all think still has the huge potential and spread, Mid-West?

Would love to get you all’s opinion.