All Forum Posts by: Jerry Poon

@Cal C. Agreed 100%.

@Wilson Churchill that's the best time to get in!

I am not spreading doubt and fear. I am just wondering if anyone has Ebola on their minds and how if might affect the real estate market.

@Franklin Romine Thank you for the response. Any idea where I might be able to meet and find some of these property owners that are willing to unload their rentals?

@Account Closed Wow you just opened a whole can of worms for me and that's not necessarily a bad thing. How long have you been investing? Where did you start and what did you start investing in? Would you recommend a newbie like me to start off with commercial investing?

@Jeff Trevarthen 

Where would you go looking for larger apartments? As a starter, I doubt I would have enough to get something that big. Unless you know of a place where it could be cheap enough yet also not a war zone.

I haven't given other opportunities much thought because passive income from buy and holds is so attractive to me. However, I am all ears in case something aligns with my priorities and goals. What do you have in mind?

I am a newbie investor, trying to get my feet wet. I am wondering what is the best course of action to obtain financing. My intention is to build a sizeable portfolio of "buy and hold" properties that would one day grant me financial freedom. However, from the few lenders I've contacted, conventional loans are all that have been offered. This would seriously impact my ability to build my portfolio, as the debt-to-income ratio would limit me at three or four properties. I know I may be putting the cart before the horse, but would looking elsewhere for financing for my first property(s) be a wiser move than going conventional? If so, what other options do I have?

@James Park Just to play devil's advocate, won't the (40) $50k properties bring in more passive income? Appreciation is also considered icing on the cake around here, and cashflow is considered the holy grail of wealth (according to Rich Dad, Poor Dad, at least). It is refreshing to see a different point of view from somebody. Can you enlighten me on why you think differently of appreciation and cashflow?

@Dawn Anastasi How are neighborhoods classified into A, B, C, D?

@Hattie Dizmond What is an MH?

@Christopher Gilbert Thanks for the input!

@Bryan L. May I ask why you would ignore the entity stuff first?