All Forum Posts by: Jimmy Dang

Hello fellow investors!

I just tied the knot with my amazing bride in Poland last week. First big win!!!!! After a two day long party, would anyone agree that it’s time to continue the celebration with my next investment property?

Of course we still have some bills to pay after our wedding, but I’ve got the itch after I bought my first rental property right before the wedding. I must say thank you to my amazing wife first and the remainder of the thanks goes to BiggerPockets for the plethora of free education. Second big win!!!!

I have now truly found two loves of my life. I’ll spare you the story of my best love so let’s celebrate my second best by talking real estate...

I have no regrets so far with my first rental property in Kansas, but I do work overseas and I would like to be able to scale my U.S. portfolio to 10+ units in less than 10 years. Has anyone purchased U.S. property remotely from overseas that could offer some tips on how to streamline the closing process without being physically present? In other words, is there an easier way of doing it without doing a new power of attorney for every individual transaction? Has anyone ever heard of a HELOC or Cash Out Finance that can be closed on remotely? Basically, does anyone have any good or bad experiences to share about this subject?

Help me celebrate my third big win!!!

Hello Bigger Pockets Community!

I discovered this community while reading "The book on Rental Property Investing" by Brandon Turner. As my youngest son is now in college I started to think more about retirement and my desire to have new cash flows vs pulling money out of retirement accounts. I have started the process of educating myself, setting goals and yes I have "Flipped the Switch". 

Just a little background on myself. I have spent the last 20 years building a great career in IT. I really do love IT as it is all about solving problems. Now I want to take my experiences and translate them into something more. 

My goal is to create sustainable cashflows that will allow me to retire well and spend time with my family that I missed out on while I was "Building my Career". My initial plan is to start building experience with SFR's and move more into commercial multifamily rentals.

I am looking forward to the opportunity to network with like minded individuals!    

Hi, 

I will be investing in Real Estate in Wichita, KS and I want to know, if I use short term money (hard money, private money) how do I know for certain a bank will refinance the 70% LTV after 6 months to 1yr? I know I should have exit strategies just in case they don't, but what steps can I take to be confident they will refinance? Do I need W-2s etc. ?

Thanks!