All Forum Posts by: Ken Kwok

I couldn't find Pueblo in redfin, do you have any idea why?

Interested to know about about your city and investment there.

Thanks,
Ken

Originally posted by @Troy Williams:

hi  @Ken Kwok The properties I have bought in Colorado are not in Denver, but in a city a couple hours away called Pueblo.    Smaller market, but very strong returns on what I've purchased this year.     

For co-buying, yes, both names can be on the title.  Not a difficult process, but as always, ensure that the purchase agreement between both owners are clear, particularly about the exit strategy and how to share/spend on-going cash returns each month.

I looked at redfin for Pueblo, but doesn't have any info there. You have any idea?

How is the avg. purchase price range in this city?

Thanks,


Originally posted by @Troy Williams:

hi  @Ken Kwok The properties I have bought in Colorado are not in Denver, but in a city a couple hours away called Pueblo.    Smaller market, but very strong returns on what I've purchased this year.     

For co-buying, yes, both names can be on the title.  Not a difficult process, but as always, ensure that the purchase agreement between both owners are clear, particularly about the exit strategy and how to share/spend on-going cash returns each month.

For those 75K or more houses, what is the CAP rate around? Could you recommend me some?

Thanks,
Ken

Originally posted by @James Wise:

Originally posted by @Ken Kwok:

@James Wise

haha....I totally want to walk away from the war based on the pics and words you posted. So as you mentioned, what is the return like for 75K houses or above like?

For $75k you can get yourself a nice SFR in a b-class area that rents for about $1,000/mo. Or you can get a c-class duplex that brings in $1,300-$1,400/mo.

Interesting to see you living overseas and buying the properties at the same time. The reason I choose Seattle is because CA is the highest already in at least West coast, and the 2nd city for all foreign will target for is now being Seattle, plus all the high-tech company growing with much more job creations over there, I have some confidence for the value appreciation in the mid-long run.

My goal is owning two different type of properties, and first is looking for potential increase for ROI from year to year, but acceptable for low potential value appreciation. 2nd property is looking for good value appreciation with just 4-5% NOI to cover my mortgage.

It sounds very interesting for your Denver 10% CAP deal, could you please recommend me some for study?

For co-buying with partner in American, do you have some guideline? it's like two names in one Title? Anyway to play safe even it's partner?

Thanks a lot!

Ken
Originally posted by @Troy Williams:

hi @Ken Kwok I'm an American but have been living overseas for almost 15 years, preparing to go back to the US. This year I have already purchased 2 properties in Colorado (while living abroad) and planning for my 3rd very soon. Based on my research as well, I think Brian is right in saying that budget won't buy you much in terms of multifamily in a market like Seattle, nor would you likely get strong financial returns if that is your goal. I'm curious what made you choose that market and what are your goals from this investment? I too looked at the bigger cities of the state (i.e. Denver) but find these markets too hot. When I went to some smaller towns however, I found great deals. 200-250 K triplex and quadplex at 10% CAP rates and around 12% Cash on Cash ROI.

Anyhow, I just wanted to share that and remind you that the US is a huge market and there are a lot of places with great deals.   Also, your interest rate of 5.25% (assuming fixed 30 year) is actually not that bad, but if you partner with Americans on your deal, can get multi-family at 25% down payment.  ;)

Hope that helps.

For those 75K or more houses, what is the CAP rate around? Could you recommend me some?

Thanks,
Ken

Originally posted by @James Wise:

Originally posted by @Ken Kwok:

@James Wise

haha....I totally want to walk away from the war based on the pics and words you posted. So as you mentioned, what is the return like for 75K houses or above like?

For $75k you can get yourself a nice SFR in a b-class area that rents for about $1,000/mo. Or you can get a c-class duplex that brings in $1,300-$1,400/mo.