All Forum Posts by: Henry Nguyen

Wow that beats the 2% Rule... Rather a 6.5%. How are the neighborhoods, crime rates, school district, etc?

Congrats on the successful flip! I hope to break even on my first flip but profit would be great too. Echoing everyone else, more info please.

Excellent work so far Andrew and congrats on getting your 1st wholesale deal sold as well!

Welcome Julie!

I highly recommend checking out J Scott's books on Flipping as well as his blog 123flip.com. Danny Johnson at Flippingjunkie has an extremely detailed and informative blog also. My two favorites; both were on the bigger pockets podcast which is definitely worth checking out if you haven't already.

Why are you interested in rehab as opposed to other strategies?

@Rob Pene Excellent work you've done so far!

I'm also a beginner and your list looks like what I need to do to get started. Great ideas! I know the market in SoCal is heating up, do you find that it's easier/harder in that market? I used to live in the OC and the prices for houses were ridiculous. 800k for a 4 plex, 300k for a 2br/1ba, and so on.

Welcome to the site @Vicki Ybarra !

Welcome to the forum @Rick Carlos!

There's lots to learn here on the forums. Socal is quite a competitive market and the barrier to entry is high from what I hear. However, if there's a will, there's a way as they say. I'd recommend attending the REIA meetings and BP meetups. I always enjoy listening to the podcast and reading the blog.

Best of luck in your endeavors!

If the tenant has been good then I would personally continue to let them sign a new lease.

How much time would you have to put in to find a new tenant? Screening, interviewing, checking references, credit reports, etc. There's no guarantee that the next tenant won't be as good as this one either. Less headache for less profit trumps it for me.

Pictures look awesome but not for the faint of heart.

Would love to see the numbers and how you found this one as well.

Since Ali didn't mention it, she just wrote a great article on the BP blog about different markets to invest in. I thought it was very informative.

http://www.biggerpockets.com/renewsblog/2014/02/22/which-market-should-you-buy-in/