All Forum Posts by: Huy N.

interesting niche...any update for us since..2019? :d

congrats. great to see other implemented BRRR. this is the best strategy in my opinion in real estate to build wealth

I love Jerry Ta from property care. give him a call

it is usually 20% or 30% of the gross commission depending on the quality of the leads. I usually give out rental leads for free to build relationship with a realtor that I like. 

There are paid services such as broker metric to look up top producer in your agent, or if you have access to local mls, you can look it up and sorted by production as well.

I would say the best free way to do it is to just circle the area you service and call/txt all the active listing and introduce yourself. If agents or broker have listings during this time. they are good lol

good luck

With the amount of money the government is pumping into the economy, we might see stagflation instead of a depression or recession. Just my two cents. I was putting offers in for a client of mine for a flooded home in Houston and we are still getting outbid with more than 15 offers over asking price on a listing. 

The difference I see in this vs 2008 is that seems like all the investors - both big and small, have prepared in advance and have capital ready to deploy. 

I'm sure that there are plenty of people that overextended when the market is good. There might be a small window of opportunity to catch some good deal before the thing gets back to normal.

Stack it up in the bank and keep watching the market I would say. worst case if there is nothing to buy, we will end up with more cash in the bank anyway haha

Looking back to my 8 years in real estate Although I created more than a million in equity in real estate. I think I could have done better if I focus on the active income a bit before shifting to passive income. 

The thing with investing is that if you start out too small, the return - no matter how high the ROI - is still too tiny to make a difference in your life. I just to be proud of my 15% Cash on Cash Return, or infinite return on a Single Family house. but in the end, that $4,000 or $6,000 per house per year won't make much difference in my life, sometimes that gain got wipe out with just one single AC replace or roof replace lol

 Yea yea yea, my cashflow excess my expense so I could go brag with people I am financially independent and stuff but I know that if I still look at the price when I go to a restaurant. I am not there to where I want to be yet...

I would tell my younger self to focus more on the active income, go do more flips, quit your job earlier, create some good hustle income stream instead of just solely focusing on investing. 

Hope that help

 Brian,

As of the time of writing this message, the listings are still moving pretty well in Houston. However, we are running into extreme escrow issues with lots of lenders unable to close the deal on time, due to various factors, like appraisal delay, or buyer getting furloughed and back out of contracts, other issues that will extend the closing date. It is a bumpy ride but our flips and listing are still moving. We just need to take extra time and precaution to vet lender and buyer to make sure they are solid before entering a contract. 

I recently place offers for my clients and surprisingly there are still 15 offers chasing a flooded home and still above asking price. Unlike the last recession, I see more like a Stagflation coming up since the amount of available capital/cheap money are still excessive in the economy ready to deploy and bid up prices. 

Hope that will give you some insight :)

Interesting stat. Thanks for the update!