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All Forum Posts by: Jinglei Cui

Jinglei Cui has started 8 posts and replied 32 times.

Originally posted by @Jason Hsiao:

@Jinglei Cui there are some exemptions. For example newer units or certain cities will exempt duplex or triplex especially if it's owner occupied which can be great for house hacking.

If you have someone you trust out of state as boots on the ground that's def a good route. Starting out it would be beneficial to be closer in case something goes wrong etc but in bay area the high purchase price def is a hurdle. Some people can still find deals in East Bay stockton or sacramental area if you don't mind a bit of a drive.

 Thank you for your answer Jason! I am also from bay area, the travel to stockton/sacramental/fresno are def better than out of the state :) I will look into it!

Originally posted by @Greg Dickerson:

@Jinglei Cui Yes the tenant protection laws do apply to multi family as the laws are there to protect the tenant and has nothing to do with the type of property. It’s housing laws and do not apply to commercial tenants. The laws are getting tougher on owners so you should understand them completely before you jump in.

CAP rates are low and prices are high in CA on larger assets so some investors are not buying right now. That being said there are deals to be had especially on smaller properties.

Location is up to you. If you invest out of state you will have to travel to the property occasionally so it’s totally up to you.

 Thank you so much for your answer, this is very helpful! I also found out since there are more competition in CA, it's harder for the newbie investor to start from CA, the bank in here are more picky for the past experience.

Hey everyone I am new to multi-family investment. When people talk about CA they always talk about how the law is favorable to tenants not the landlord, does it also applies when you invest in multi-family property as the MFH is already considered commercial real estate?

Can people still find good cap rate in CA? So far the only good thing about investing in CA to me is because I live in Bay Area, but does the distant really matters?

Hi I'm also from bay area, I am considering in investing in Fresno too

Originally posted by @Al Perez:

Hello Eric, I can tell you how to reach $10K in rental income a month with less than $500K in less than 8 months. Cheers,

Hey Al, Can you also tell me how to?

Originally posted by @Eric Lau:

I'm close to that amount with 1 mix use building in NYC. ;)

Did you use any leverage to do that? If so does the loan you use need any past experience?

I would like to have an idea how long does it takes for investors to reach 10k/month cash flow. I understand people from different background will have a different time to achieve this number, I'm trying to calculate how it might takes me so I can plan on my current invest and corporate with my partner.

Post: Morris Invest/Clayton Morris Invest

Jinglei CuiPosted
  • Saratoga, CA
  • Posts 36
  • Votes 9
Originally posted by @Account Closed:
Originally posted by @Jinglei Cui:

Since the MI company is on news again recently, i started to think about the whole turnkey business they are operating. I am very new to REI, and the whole BRRRR strategy seems so amazing to me, but if buying rental property and using leverage is so profitable as Morris promised, how come they step out of that mode and started to do turnkey business?

Hope someone can help me with this question!

What news are you referring to?

https://www.nytimes.com/2019/03/25/business/fox-news-clayton-morris-indianapolis.html

Post: Long distance investment without TK company?

Jinglei CuiPosted
  • Saratoga, CA
  • Posts 36
  • Votes 9

I am a newbie investor from CA and have 2 property payoff in CA with really low ROI (around 3% net), recently I plan to sell my current rental properties which worth more than 2M in total into cash and start to invest elsewhere and start to use leverage.

1. I heard about there are still commercial real estate opportunity in CA but I have no experience and credit in commercial business. I don't know how to start, and what is my first step.

2. I lived in Indiana for 5 years while I was in college, and I know there were some properties have very high ROI rate and low purchase price. But after dig into the whole TK business I started to worry about the whole TK idea, does that means I need to go to those Midwest for a long time and constantly go there if I want to invest there?

I am really confused at this stage, I would really appreciate some advice from investors who have experience in long distance investing!!

Post: Morris Invest/Clayton Morris Invest

Jinglei CuiPosted
  • Saratoga, CA
  • Posts 36
  • Votes 9

Since the MI company is on news again recently, i started to think about the whole turnkey business they are operating. I am very new to REI, and the whole BRRRR strategy seems so amazing to me, but if buying rental property and using leverage is so profitable as Morris promised, how come they step out of that mode and started to do turnkey business?

Hope someone can help me with this question!