All Forum Posts by: Hyeonji Oh

Hello,

I decide my mind to settle down in Santa Clara County. Has anyone known about Santa Clara County downpayment assistance program? By using the program, I want to buy a condo here as my primary residence.

This is my first home and I reported more than a 2-year tax return, I have a solid job here. I want to use the program if I am eligible for funding.

Thank you!

Hi, I live in San Jose CA now and am interested in house hacking or investing in multi-family using an FHA loan. Has anyone in bigger pockets worked as a realtor and investor in the Bay Area? The only cash flow I can make is Oakland but I don't know which area is safer in Oakland to invest.

Or I am open to investing anywhere in the States where can make positive cash flow. Please send me a message or comment below! Thank you!!

 Thank you for sharing your thought!!

I’m trying to buy a house in Phoenix using a second home loan, putting 10% down.

I'm trying to understand why anyone would choose the 2/1 buydown if you end up paying the same amount of money, whether you select the 2/1 buydown option or not. Personally, I have no issues making the full monthly payments from the start, so it seems unnecessary to pay the buydown payment just to have lower payments in the first two years.

Additionally, my lender said that if I refinance before the 2-year period is over, the remaining buydown payment would be applied to the principal. This essentially makes the buydown payment no different from just paying the money upfront. So, I'm left questioning what benefits there are to the 2/1 buydown that would make it a recommended option.

I'm thinking that if I skip the 2/1 buydown, the cash to close would be lower, meaning I'd need to put in less of my own money upfront, which seems like a better option to me. I’m just wondering if there’s something I might be overlooking in this reasoning. 😄

 Thank you for replying and sharing the information. I almost give up buying mfh in CA. (keep trying)

I am interested in out-of-state investing these days and heard of the Columbus OH market which has good cash flow. How's your journey so far? Is there an area applying for a 1% rule in this tough market in Columbus?

Hello,

I am reading a Multi-family millionaire book right now, I am curious if it is possible to make cash flow in San Jose by living in a multi-family unit and renting out another. It is ideal to build up an asset as the book says but the house prince is insane in San Jose!

Currently, I live in San Jose and work in Silicon Valley. I don't have a primary home or investment property. If househacking is possible I would rather buy my primary house using a low down payment for first-home buyers than invest in other properties in Sacramento, Modesto, Fresno, etc. Any advice is welcome! I feel I am lost and don't know what I should do. 

 Thank you so much!!

 Woow! That is awesome!

If you dont mind me asking, can you share the zip code where you have the properties in Modesto or Turlock? I am thinking of investing multi-family in Modesto, but still don't know which area has good cash flow. I am only focused on cash flow for now.