All Forum Posts by: Johnny Lau

Thanks for your input Larry, I will definitely keep that in mind. I do like safer investing but this may be a gamble I’m willing to take just to see how it turns out. I will also weigh in on the higher end houses that rent at 750.00 plus.

This house at 25k has nearby houses that are valued at 80k per online research. There has to be some issues at to why it’s only 25k. I’m very curious about how ‘this house is valued so low.

@Jason Cory Thanks for that very detailed information Jason. That’s exactly what I’ve been looking for from BiggerPockets. I will definitely take your advice as I go forward in my search in Birmingham.

I just closed on my first OOS property sight unseen and it’s performing well. I went with a network which vets the companies you buy from which gave me confidence to buy. They also do research on up and coming areas around the country and have about 20 affiliates you can work with. They are Real Wealth Network and they have a good website. I actually found them after listening to a podcast on BiggerPockets with their CEO Kathy Fettke. I’m actively looking for my next property though them. The houses are turnkey though, which some people don’t like. The numbers were good enough for me though and it was the easiest buy ever. About 10% ROI, Good luck!

This house is in Birmingham, Alabama. I’m having an agent look at it tomorrow and get back to me. If the property is performing, I’m willing to take a chance. I’ve never gone this low a class before, but it seems exciting to buy a house for the price of a car. My price point in California has been 200-300k. They are more than double now since all were bought near bottom of market - end of 2007 to 2013. Some were bought at 100k and one at 135k. They tripled or quadrupled in value. Amazing cash flow. OOS is so intriguing with the numbers. Exciting times! Closed an OOS last month and looking for more.

There are 3/1 houses in Alabama that go for 25-35,000 and rent for 550.00 with established renters already in place. So the house is already performing. The numbers are very good considering the price. This is about double the 1% rule. I may buy one just to see how it turns out, after all due diligence of course. Does anyone out there have experience with super low priced SFR?

@Larry F. I’m focusing on Huntsville and Birmingham AL and Chicago for cash flow. I’m looking at Florida for appreciation and not as much cash flow. RWN has affiliates in Jacksonville, Tampa and Orlando. I like the idea of having a property in FL. RWN has so many affiliates that it makes it hard to choose. But, I try to focus on 2-3 areas. I would like small 2-4 multi fit my next purchase since all my properties are SFR currently.

There are areas in Asia that you can buy into developments such as up and coming resorts and high rise luxury apartment buildings. The strategy is to buy in the planning stage early and have ownership while it’s being built then the price of what you bought will appreciate quite a bit when it’s done. I have experience buying small lots which appreciated like crazy in a few years. Doubling your money is not uncommon with some people I know doing much more than that. High risk/ high reward Does anyone have experience with this in their own countries? Thoughts?

Just closed on my first out of state turnkey. Since I don’t have the time or expertise I went with Real Wealth Network. They vet the turnkey companies in the best areas of the country to invest in. I still did my due diligence and am happy with what I got, and I am actively looking for the next. It was a very seamless purchase and I bought it sight unseen even though they recommend you to visit the property. House is 3bed/1bath 76,000 Paid cash 975 rent, probably can get more About 600-650 cash flow Looking to add as many more as i can. I have several near the Bayarea but the numbers are not good anymore I like the idea of buying with a network, it protects you in many ways and they find the best teams, property managers, etc

Real Wealth Network works with turnkey providers. I just closed on a house with one of their affiliates. Very easy transaction. They work with about 20 different cities in multiple states.

@Vy Hoang vy I would be interested in seeing the numbers for Sac and Stockton. Fresno might be good too. I’m actively looking for my next property, I am surprised Cali people still invest here with out of state numbers being very good compared to here.