All Forum Posts by: Johnny Lau

Is Stockton or Sacramento a good place to invest for cash flow? I started investing out of state for good cash flow since California got too expensive. I have houses just outside the Bay Area that I picked up in the downturn, end of 2007 to 2013.

@John Corretti Thanks for the tips John! I will keep them in mind. Are you currently looking to buy out is state? If so, what areas do you like? I have 9 in California and 1 in Michigan, hoping to double that in the coming years picking up a house here and there out of state. And multi families too. Thanks!

I closed on my first out of state property sight unseen, it worked out well. I’m planning to do the same again soon. Thoughts?

Just closed on my first out of state property, looking for the next opportunity. I’m looking at Chicago, Huntsville, Alabama and Jacksonville, Florida. The numbers look good at those areas. Or, I may buy another one in Detroit. It’s in a nice suburb. The cash flow is really good there. I have several houses near the Bay Area and just stopped buying around 2013 when the numbers stopped making sense. Got lucky buying near the bottom and now the appreciation and cash flow are very good. I may look into borrowing from the equity later. I bought my OOS house going through the Real Worth Network, it was one of the easiest purchases I ever did. Numbers are good. Anyone out there have some good tips on where to buy next? I’m looking for another single family or 2-4 multi.

Thanks for the replies, I will try some credit unions tomorrow. One of my loans is with Patelco CU. I’ll alo try Union bank as you noted.

All the properties were bought during the downturn, so they all have good cash flow and equity right now.  9 houses as of today. I’m trying to find a lender that will allow an equity line on rentals as well as the primary. 

My plan is to do more out of state investing. Also, I’m looking at international opportunities.

Where is the best place to find a HELOC when you have more than 5 mortgages in your name? The big banks don’t allow more than 4-5 loans. I am having a hard time finding one in the Bay Area.