All Forum Posts by: Ken Yeung

Hello BP members,

I have been in BP for 2 months, and thru Brandon Turner's podcast, he reminds everyone to introduce themselves in the forum.

My name is Ken, I am living in New York City.

I first encounter real estate investment in 2009, after bought the fist condo, with no knowledge whatsoever (A big lesson to learn).  All over a sudden found out that the income and expense on the personal side just enough to break even, which means I don't have any saving personally.  I am looking for ways to get out of this pressure by understanding more about investment, I don't like stock because it is too volatile to handle. Knowing my personality, I want to have steady gain in long term growth.  I think real estate is better suit for myself.

I went to seminar regarding the wholesale, but in New York City everything is high price, it is not easy to begin with as I think.  I gave up on this.  Then I learned about tax lien certificate investment, the starting fee is low enough for me to get in, obviously because of the low input, even with a good return (12% or more), the profit is minimal.  I have been actively participate on tax lien sales since 2012.  

Now with a little bit more saving, I am into the buy and hold markets.  I have researched Columbus, Ohio and Indianapolis, Indiana.  I went for visit one month ago, and would like to get a goal to purchase at least one property by the end of the year.  I am looking for turn key properties, and also trying to form a team around myself.  I am trying to gain experience as much as possible.

I am looking forward to share my experience via BP forum.

@Paul Wiseman I went to US Tax Lien association course several years ago, participated tax sales since 2012.  I am still learning because I am not getting the investment revenue as people would said "buy house in pennies for dollar".

Like others mentioned, research is the key, due diligence is a key to success.

I am focusing on Irvington, Indianapolis for single family home as my start of my buy and hold investment.  I have looked at a particular property selling for 62K, with a lot of rehabs pending in order to become habitable.  I am a newbie and I would like comments to see what to look for upon the transcation. 

Thank you for everyone's comments.

I live and operate business outside of Indiana, do I have to get a registered agent in order to obtain an Indiana LLC?

@Liliana Ruano Have you ever know the location of the investment properties.  I was in Indianapolis last week, and saw a lot of view better than just looking on the web.

I want to know is anyone from MI still contact you for more listing for their inventory?  I used to receive their mail daily for 3 weeks and then all over of sudden, it stopped.

Do you have particular area in Indy look into it?

Thank You for the posting, I am following it.