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All Forum Posts by: Chris Chung

Chris Chung has started 2 posts and replied 88 times.

Sometimes local banks and/or savings and loans offer loan products that don't require title seasoning. Google some smaller banks in your area and ask them if they offer "Portfolio Mortgages"

Post: BiggerPockets PRO Suggestions

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

I',m thinking lifting the cap on the number of colleague requests you can have out at any given time.

Post: What's Important to You in a Political Party

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

I like Matty M's modifications.

I am a democrat and not a socialist. Maybe you should rethink this one. Or maybe you just like the ease of a stereotype or a label.

Also, did you take a poll to find out what your tenants political persuasions are? Or are you just doing a quick label job again?

Post: Interesting Proposal

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

Less representative mean that each congressperson will care less about any one individual's voice. They have less need for your vote. Thereby diluting our personal power to participate in our government.

Less government participation means more apathy.

This "edict" would reduce an individuals' political voice by 50%

Also who gets to decide who stays?
Following the CEO model, the President has unlimited leverage. The balance of power would weigh in favor of the executive.

In Congress less votes to counter a proposal means more pork is passed without objection and more wasteful spending is proliferated. The individual vote would become more potent and supporters would have to bribe and ply each and every vote. Imagine what ridiculous earmarks would be included in bills?

Also, less people at the wheel of this country brings us one step closer to a dictatorship.

Take less time to come to a decision? To pass a law?

Stalin, Pol Pot and Hitler were quick decision makers. You might consider looking into their models of government

It seems like the founding fathers had some good ideas after all when they set these sorts of things up.

Post: Right to Die

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

Not to beat a dead hippopotamus, but I believe everyone has the right to choose their own life decisions insofar as they don't harm others. This includes, ironically, the decision to end your life.

Post: Which do you prefer? SFH, Duplex, Apt, etc..

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

For all those who are quoting supply and demand in saying that SFR's are better investments. Consider that there are far fewer apartments/ commercial buildings than SFR -thus less supply.

SFR's have a much lower barrier of entry, so you have to protect against more competitors edging into your "turf"

Liquidity is an issue, but this is not a liquid business no matter the property type

Post: When starting out

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

We get most of our unlisted properties through friends in the industry. So, I would say that it is mostly "who you know". Luckily, its not hard in the least to make these contacts if you are a serious buyer and have access to Craigslist.

Look for Wholesalers on Craigslist by searching for "Fix and Flip" or "Investor" properties and call the people who are selling/wholesaling those properties.

Post: 44 units in Ohio

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

What is the vacancy rate in the area?

Post: Real Book of Real Estate by Robert Kiyosaki - anyone read it?

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

That was a really good article on Kiyosaki.

Thanks Eddie

Post: I need a Wholesaler for New York City

Chris ChungPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 133
  • Votes 7

Do a couple of posts on Craigslist in your area. You will find some people who can help you. We use this technique all the time.