All Forum Posts by: Ken Tsai

@Marco Zacarias

After all the feedback and recommend from the member, I think I’ll pick B market as my first out of state to play safe lol

But here is the address of the property I was looking at it

216 n Canyon dr Sierra Vista az 85635

Let me know what you think lol

@Greg Dickerson. Thank you Greg. Yup I been doing some research and found another one in Chicago that’s classified as B market, but it’s rent by the section 8 tenant, any tips or suggestions for section 8 tenant ??

@Bryan Hartlen Hello Bryan.

Thank you for your response :). The place I saw is in Sierra vista ? Do you know anything from that place ? And it seems like 2 of the room are rent it by section 8 as well

@Bjorn Ahlblad

Hello Bijorn, thank you for your feedback.

On the LoopNet website it shows C market, but is there any other way we can confirm or do the research for the area? I am looking for 150k-200k multi family as my first investment and just don’t think I can find one here in CA with 8-0% cap rate :(

@Greg Dickerson

Hello Greg.

Thank you for your feedback. I will def reach out to the property management and ask more question. Do you know if there is any website or tool that allow out of state investor to do the research for certain city and area ?

Hello BP family.

I found a property in one of the C market in AZ.

Asking price - 178k with 10.2 % Cap rate. 6 units

Full renovate in 2017-2018 so low maintained cost

The place is 100% occupy. With annual 8% occupancy rate. Currently rent is $3114 monthly.

Seems like a great project to start as my first my investment, but my auntie who live in AZ told me the neighborhood isn’t the best.

Any suggestion ? The property management is in place already but is there any additional question I should ask to insure they can handle any situation if comes out ?

Thank you :)

@Saravanan Saravanan. Oh wow.

Thank you for getting back to me, I wasn’t sure how it works exactly just think it sound good but kinda risky at the same time.

Thank you

Hello everyone,  I 've come across few youtube video that teaches people how to use a business credit card to cover the downpayment, soft cost, and etc...  was wondering if anyone has any kind of experience about this?    Juan Pablo and Clayton Morris both mentioned this way in their video but they both have different vendor and fee seems a bit different.

so I guess my question is,  with all the video all there showing no money down,  how can someone with only 30k invest in the real estate?

Thank you  

@Steve Graves 100% agree with you on this lol

@Christopher B. $ 3500 a month lol