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All Forum Posts by: Khoa Ha

Khoa Ha has started 19 posts and replied 156 times.

Post: How to contact Expired listing owner?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55

Hi @Daniel J Cano,

That great. My team and I are in the process of opening up our own Real Estate Brokerage and this tool will allow us to target the sellers that had a bad experience with another firm. Thanks for the help. What city are your fixer in?

Thanks,
Khoa

Post: How to contact Expired listing owner?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55
Originally posted by @Daniel J Cano:

skip tracing may work (although not 100% of the time) you'll need first and last name, plus the address. I've found several off market deals that way. 

Hi Daniel,

I can find the name and address off of the expired listing no problem. When you said Skip Tracing is that a software that I can use? Sorry I am new at this.

Thanks,
Khoa Ha

Post: How to contact Expired listing owner?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55

Hi BP,

I have heard/read many people in the industry recommending to look at the list of Expired listing and reach out to the owner. However, no one ever mention how someone can get a hold of the contact information (phone) number of the owner to reach out to them. Is contacting through mail the only other alternative?

Thanks,
Khoa

Post: Anyone Ever waive inspection contingency?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55

@Rebecca M.

FYI, home warranty companies are really bad now aday. All they do is make you pay the fee to someone out to inspect your claim then deny the claim with a ridiculous reason. I recently had my cooktop broken. They sent people out and said it was intensional. Denied my claim and wasted a whole month going back and forth with them. I ended up cancelled my policy but only get back 50% of the premium only after 2 months. You can go online and look at all the reviews. You will probably see only 1 star for most of them.

Post: Drop out of college and spend my fund, or stay?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55
Originally posted by @AJ Shepard:

@Payson Scott

It's great that you are thinking of investing in real estate early on, but you don't need to drop out of college to do that. My brother bought a house his junior year that our parents co-signed on in college and house hacked it with two friends. If I knew as much as I did about real estate investing now I would have definitely tried to figure out how to utilize student loans to acquire real estate. We actually interviewed a lawyer in our podcast who did this, you may want to check out this episode: https://www.westsideinvestorsnetwork.com/podcast/episode/eaf96d30/33-student-housing-acquisitions-with-mark-weinstein. Best of luck and happy investing!



@AJ Shepard

I borrowed my first $6,000 of student loan to partner in a triplex back in 2009. Too bad I didnt have a good paying job after college to continue the momentum and missed out on the incredible of 10+ year real estate appreciation. That and of course I didnt know as much about investing back then as I do now. 

Post: Drop out of college and spend my fund, or stay?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55
Originally posted by @Patrick Hancock:

@Payson Scott

Extremely difficult decision and one that is often made in hindsight. Take myself for example…I spent 5 long years in college and in hindsight did not need my degree as I am a full time real estate broker/investor. I’m 49 and have a 19 year old son who attends FSU. My advice to him as well as to you would be to get that degree and enjoy the college experience. You can still make money and invest in real estate while in school but if you do not get that degree you more than likely will not go back and get it if things do not pan out the way you want them to. Just my humble opinion.


@Patrick Hancock is right, college will be much harder the second time around. If you dont get your degree now your life will be much more complicated when you are older. Maybe even a family and kids or other higher priorities and going back to college to finish that degree will be the last thing on your mind. I am not saying that what you learn from college will be 100% relevant but like some have mentioned above the degree will probably give you a stable income for you to be able to borrow money later on. The ability to borrow money is one of the most important thing for someone to use to build up their portfolio. Without that lots of strategy will not be possible. For example, the BRRRR or house hack. So I believe your best (base on the information you provided) is to house hack through college and use the degree to improve your borrowing capability for large purchase down the line. You are still a freshman in college. There will be plenty of time for you to build up your wealth. 

Post: Should I sell or rent?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55

@Kellie Ritter,

Also, cash out refinance you will not get hit with a capital gain tax. If you sell you will need to pay some form of tax and that will greatly reduce your purchasing power. 

Post: Refi issues when adding an ADU to a duplex in CA?!?!?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55
Originally posted by @Minh Hoang:

@Oscar Miguel

@Khoa Ha

Try Loan Depot. My LO there, who I did my refi on my primary, told me they underwrite duplex with ADU. I'm about to wrap up the ADU on my duplex in a few weeks and planning to do a refi.

Hi Oscar,

Thank you very much for the information. I will check with them then. 

Thanks,

Khoa Ha

Post: Refi issues when adding an ADU to a duplex in CA?!?!?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55

Thank you. I will look into that. 

Thanks,

Khoa

Post: Refi issues when adding an ADU to a duplex in CA?!?!?

Khoa HaPosted
  • Real Estate Broker
  • Garden Grove, CA
  • Posts 159
  • Votes 55

@Oscar Miguel thank you for the update. We have a 3-units purchased back in 2009. However, only 2 units were legal. We recently received the approval from the city to have the 3rd become an ADU. However, when we want to do a cash out refinance thats when we run into issue.