All Forum Posts by: Hung T Nguyen

@Joe Hammel Yea, thanks for confirming what I have always thought. I'm from Houston, so the market here is way over saturated. It's crazy here. No licensing required! So now I've shifted my focused to all of Texas (not Houston) with that market model you mentioned, but when I'm ready I may traverse out of state and into the the Detroit area. When I do, I'll hit you up. Go Motor City!

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Quote from @Joe Hammel:

@Sai Medavarapu

Metro Detroit

(my rental portfolio is here)

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: Double Digit

Cash flow: couple hundred/month

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.

The bad reputation comes from OOS investors wanting $20k D market properties. Don’t buy those lol.

Investors can retire (FIRE) in a few years with the properties described above.

We/Clients/I love them.

Hi Joe. that is exactly my market model. Is the rent you stated LTR? If so, what does the STR market look like in Detroit?

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Quote from @Phillip Dwyer:

@Hung T Nguyen I'm not sure I understand where you're coming from. Vegas has been one of the population growth leaders for sometime now.

It was just an example. Obviously it's growing, just not like other major metropolitans. https://www.reviewjournal.com/...

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Quote from @Chris Seveney:

@Sai Medavarapu

Just look at any city with high crime or a city with a D neighborhood

It will cash flow on paper.

You've peaked my interest. Can you please elaborate? Thx

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Quote from @Bruce Woodruff:

I think you have a lot of nice opinions there. Thank you for taking the time to write them down for us to peruse.

The things I think are most relevant to any discussion on the economy are these: 1) A debate on the economy is like the debate about weather/climate change - it changes constantly and recycles constantly. 2) The Fed can do what it wants to 'fix' the current inflation/recession/whatever, it doesn't really matter.....but the elephant in the room will not go away, that is 3) We are in a s**t ton of debt trouble and one day, I believe soon, it will come down around our ears and make a discussion like this totally irrelevant.

Just my .02....nobody ever listens to me anyway....

Perfect. I would just add..1) And you have no control over it.

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I've read in numerous places not to buy/invest into a high unemployment area or low population growth area.

But does that strategy actually apply to a well-known tourist attraction city? (For ex: Las Vegas)

There are always going to be tourists in this area and it's just a matter of time before it bounces back (imo).

So isn't this a great time to buy into that city? Isn't this buying into the dip? (Yes, I realize it could dip more, especially as this recession

is growing, but I'm happy with the housing prices now in that area, and I am paying cash and can weather out the storm. I am also going

to STR it out for cash flow).

Thoughts?

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All Forum Posts by: Hung T Nguyen

Hung T Nguyen has started 3 posts and replied 16 times.

Post: How to find homes with cash flow.

Post: How to find homes with cash flow.

Post: Buying Property in high Unemployment area/low population growth

Post: How to find homes with cash flow.

Post: My Thoughts on the Current Economy (Will I Upset All Parties?)

Post: Buying Property in high Unemployment area/low population growth