All Forum Posts by: Khoa Ha

Hi @Oscar Miguel,

Was searching the internet and saw your post today. Just wondering if you are able to refinance your duplex + ADU yet? I am in the same boat and have been shopping around with no luck.

Thanks,

Khoa

@Jason Love

It actually depend for me. If I plan to spend a lot on repairing then I usually just send in a blind offer subject to interior inspection. Which means I'll take a look at it if I get a response from them since I don't mind spending money on the repair anyway. If I want something turnkey with minimal repair then I will want to check the place out first to make sure that it is the case. Sometime you making offer for properties outside of your local area and the drive could be 45 minutes to an hour long. You won't have enough time to visit every single place you want to make an offer for. If the seller won't response to your offer then they must have someone with a better offer. If that is the case you might end up in a bidding war and that might turn a good deal into a bad one really quick.

@Jorge Morales

Hi Jorge, on your original post you stated that your brother flipped the house right? So is the current owner? If that is the case then she cannot be mad at your unless she is also mad at your brother.

But to answer your question it is not wrong for you to buy it since if you don't someone else will anyway.

 Hi @Gabriel Mouzella, I am not sure if anyone mention this yet but here is my 2 cents. Cash-out/refinance and just leave enough to be cash flow positive is a good strategy to build up your portfolio quickly. When in a stable rental market there wont be an issue. However, if one of your tenant run into any trouble paying you rent then the cash-flow will turn negative right away. Enough of them not being able to pay rent or moving out during the same time period will leave you with a lot of stress trying to pay the mortgages with your own money. Try to leave some reserve in case you run into those kind of trouble. When you do the calculation do you add in reserve, vacancy, management fee, etc... in case you run into trouble?

Khoa

Thank you Russell, I will look into what you have mentioned. Thanks for the feedback. 

Khoa

Hi, my name is Khoa. I got my sale license in 2007 and my broker license in 2012. Since 2012 I have been working by myself without being under any brokerage. Recently, I know a couple of people that are planning to get their sale license. If I to open up my own brokerage what do I need other ten buying the E&O insurance for my agents?

Any advise is greatly appreciated. 

Thanks,

Khoa

@Aaron St. Clair

I started using Rendometer and they have pretty good data. Another trick you can use is when you go check out an investment property walk around the neighborhood and ask some renters. That is the best way to get accurate rent information.

Khoa

Thank you @Mindy Jensen. I have reinstall the app but the issue is still there. I will just listen through the Google Podcasts then. 

Thanks,

Khoa

@Kim Wendland

Oh ok. Thank you. I can listen to it through the browser but thought it would be more convenience to just open up the BP app. Hope they figure it out soon.

Thanks,

Khoa

Hi @Kim Wendland,

Were you able to get your question answer? I wanted to listen to the later podcast on my BP app and cannot see beyond 295. 

Thanks,

Khoa