All Forum Posts by: Jasraj Singh

If you are a legal permanent resident, living in the US, and have 2-3 years of US tax returns, I don't think your actual citizenship is a major issue if you are buying property in the United States. 

But your question seems to suggest you want to invest overseas. Are you asking if you can get a conventional mortgage in the US for a property in another country? That would almost certainly be a hard no. Fannie Mae and Freddie Mac exist to promote home ownership in the US. They have no mandate or incentive to encourage US investors to buy foreign property.

Hi @Jasraj Singh, with the right strategy investing in particular parts of California can be profitable.  Many California investors are drawn to building wealth through property appreciation.  There are many properties in the Long Beach/LA market that cash flow (3-5%) and appreciate at a conservative rate of 5%.  

But as I mentioned, property appreciation is where you will build most of your wealth in CA.  In Long Beach, for example, multifamily properties have appreciated on average 6.44% over the last 60 years (*Data collected by Buckingham Investments). Let's take a look at the numbers and run a quick example to highlight the importance of wealth building through leveraged appreciation in CA.  

Property Value: $600K

Initial Down Payment: $150K

Loan Amount: $450K 

Year 1 Appreciation (5%): $30K 

Year 1 Cash Flow (5%): $7,500 

Year 1 return (cash flow & appreciation): 25% (20% from leveraged appreciation & 5% from cash flow).

As you can see, leveraged appreciation is a key driver to build wealth in CA because of the high and steady rate of appreciation.    

Hope this helps!  


Thanks a lot for explaining so precisely! 

Currently I'm looking for markets to invest in California, I'll definitely let you know if I want to know anything else about CA!

thanks man! appreciate it!

Hi, @Jasraj Singh I would say that it does depend on what you are actually going to invest in. For example, I've invested in multiple different lands/properties and have seen great success.I would highly recommend checking "$10,000 a Month for Life; Cash Flow From Land" and "Data-Driven House Wholesaling in Any Market." They are free and give you a different perspective on REI. They both have helped me get started tremendously. Please feel free to PM if you have any questions!

@Jasraj Singh I'm a realtor in Redding, CA. We are the real northern CA. The natural beauty around us is unimaginable, with Lake Shasta, Shasta Caverns, Mt. Lassen and Shasta, Whiskeytown Lake, the Sacramento River runs through town, and we have the world renowned Sundial Bridge.  I've been in this business for many years, having developed, built, bought and sold properties. Most of that time has been in Redding. However; 10 years was in Orange County, CA. All of CA is expensive for a variety of reason. With that said, there are still people moving here. In Redding/Shasta County we have an extremely high demand for homes up to 400k with many getting multiple offers. Rental units are the same. We had massive fires in northern CA in the past few years, destroying thousands of homes. Add to that the Covid virus, and people rethinking living in larger cities. We are getting people moving here from L.A. and S.F. bay area, as well as other place. Bethel School of Supernatural Ministry draws students from around the globe. They have approximately 3000 students, but no dorms, so they rent room space. 

Multi unit properties rarely come on the market. There is land available for larger complex, one that actually has plans, etc. ready. If you'd like to know more about this area, I'd be happy to answer any questions. 

 the Central Valley is still feasible for investment . Make sure job stability once Covid is lifted is still growing 

Hey Jasraj!

What part of CA? I always recommend house hacking as that's how I started and got my feet wet. In the bay area markets you can house hack and have a pretty good ROI. I've helped many friends and clients down here that has done it successfully.

For example: 

Purchase price: 800K

Downapyment: 5% = 40K cash outlay

Monthly mortgage(PITI) = $4,500 on a 3.5% owner occupied 30 year mortgage.

Typically, I will just rent out bedrooms to offset the mortgage cost. There was a Oakland CA property that I just helped my client get into with the numbers mentioned above. It was close to Bart/ public transportation and the average room rents go for $800 for a room with a shared bath and $1200 for a private bathroom. This home was a 5 bed 4 bath and had a 1 bed 1 bath ADU in the back that hes going to live in.

He rented out the main house using the room rental model.

2 bedrooms with a shared bath at 800 each = $1600

3 bedrooms with a private bath at 1200 each = $3,600 

Total rents: $5,200

5200 ( total rents) - 4500 ( monthly mortgage) = 700 cash flow

700 cash flow x 12 = 8400 / 40,000( cash out lay) = 21% ROI

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But the kicker is when he moves out the following year to buy another one and rents his ADU out for $1500. Then his cash flow will be $2,200 a month. So on year 2, his cash on cash looks like this: 1500 + 700 = 2200 x 12 = 26400 / 40,000 = %66 ROI

Hope this helps! DM me if you have further questions, glad to help!

I think it depends on what your goals are.  For example, Los Angeles is expensive, but if you house hack it creates a lower barrier to entry with less money down and a better interest rate.  That's what I've been doing and on my second house hack with a total of 3 doors (me living in one of them).