All Forum Posts by: Hung Le
Hung Le has started 1 posts and replied 9 times.
Quote from @Joseph Bui:
Hello Hung, I have 7, soon to be 9 doors in the Midwest (Detroit and Memphis). All my properties were cash flowing from day 1 and have mostly been good. Would love to hear about your investments and happy to share about mind in more detail. Let’s connect.
Hi Joseph,
I've a brick 4 plex in IL that's cash flowing with long term tenants. I'll send the 2023 number if you're interested.
Regards,
Hung
Quote from @Logan Laperriere:
Quote from @Hung Le:
Quote from @Logan Laperriere:
Hello,
Welcome to the BP Forum!
20% guaranteed return wow! What type of guarantees are in place? That sounds like a great investment.
Hi Logan,
Thanks for the greeting.
20% is the minimum. Just as an example, FL tax lien is a guarantees 20% return. Other states might be more but the law is tricky. I've purchased some FL tax liens and will continue to do so. There are other folks that use different investment strategies and know what they are doing. Their profits can be ridiculous.
Thats awesome! I will have to look into that. How do you source your tax liens?
LOL - that's a loaded question! There are multiple websites but start with lienhub.com for FL. You have to know what you're doing after that. However, it can be time consuming. Again, the 20% annual rate is guaranteed by the government. But you need to know the exit strategy.
Quote from @Tim Swierczek:
Quote from @Hung Le:
Hello,
First post as a newbie here. I'm an investor in MN who had some experiences (both good and bad) in real estate. I've been involved with several strategies (fix and Flips, Gap Funding, Rentals…). Currently, most of my investment fund is with projects/deals in FL for a minimum guaranteed of 20% annual returns. I also have a nice cash flowing 4 plex in IL that I'm planning to sell off market. I'm interested in networking with other investors. If you're private lender/investor who want to connect, feel free to DM me. We can partner up or share info. Would love to hear what the minimum expected % of ROI from the group.
Welcome to the group. I'd be curious to know more about your good & bad deals. I'm not aware of any guaranteed returns in real estate investing. I think 20% is totally reasonable if you are talking about total return from all four areas of profit on a long term rental vs cash invested. If you are talking cash on cash returns that is a 90th percentile return, and may mean you are hunting for deals that offer high upside but also have much more risk or speculation that a typical deal. We don't have enough info to know but these are the thoughts I have when I read your post.
Hi Tim,
Thanks for the welcome.
Most of my bad deals are with fix and flips strategy. Both with my flips and others. Unless you have a solid team and some cash reserved, too many things can go wrong. Sometimes, it's 1 hiccup and you're scrambling. The stress wasn't worth it. There's vetting, planning, and executing. But as an investor, you're totally depending on everyone on the team to do their job. And of course, the market can change swiftly too.
I've learned to invest with seasoned investors with proven track record. My return is in writing so I don't worry about it.
Feel free to reach out if you want to chat privately. And I'm in Mpls.
Regards,
Hung
Quote from @Andrew Syrios:
Welcome aboard and best of luck investing!
Hi Andrew,
Thanks for the greeting and wishes.
Regards,
Hung
Quote from @Bryon Andrews:
@Hung Le Welcome! I am an investor and agent here in MN. Feel free to reach out and we can connect!
Hi Bryon,
Thanks for the greeting. Looks like you're from Stillwater. Go Ponies and Jessie Diggins!
Sure I would love to connect. I would be happy to share of what I'm involved.
Regards,
Hung
Quote from @Logan Laperriere:
Hello,
Welcome to the BP Forum!
20% guaranteed return wow! What type of guarantees are in place? That sounds like a great investment.
Hi Logan,
Thanks for the greeting.
20% is the minimum. Just as an example, FL tax lien is a guarantees 20% return. Other states might be more but the law is tricky. I've purchased some FL tax liens and will continue to do so. There are other folks that use different investment strategies and know what they are doing. Their profits can be ridiculous.
Quote from @Brandon P.:
I am from Minnesota originally, now living and working in Florida. What area of Florida are your investments in?
Best,
Brandon
Hi Brandon,
You didn't wait until retirement before heading south for winter? :-)
I invest with a private company in FL. They work all over the state. I don't have the network or the fund (or the time) to work the market like they do. So I just invest my fund for a nice return.
Hung
Hello,
First post as a newbie here. I'm an investor in MN who had some experiences (both good and bad) in real estate. I've been involved with several strategies (fix and Flips, Gap Funding, Rentals…). Currently, most of my investment fund is with projects/deals in FL for a minimum guaranteed of 20% annual returns. I also have a nice cash flowing 4 plex in IL that I'm planning to sell off market. I'm interested in networking with other investors. If you're private lender/investor who want to connect, feel free to DM me. We can partner up or share info. Would love to hear what the minimum expected % of ROI from the group.