All Forum Posts by: Kuan Jengniang

@Account Closed I went to some of Metrolina REI meetings several months ago. Def. considering joining. Are you a member?

@Anthony McDougle Thanks! I'm on a hunt to give it a shot if there's any good ones in Charlotte.

@Chris T. Chris, thanks. Yeah, it's tough with full time job; especially if you're going 10+ hours a day. I'm very involved with my church and community over the weekend as well... will work on prioritizing my stuffs.

@Joe Fairless I got too excited man.. Shout out to @Brandon Turner and @Joshua Dorkin for this cool site. I can't say "rural" either, but English is my third language lol.

Thank you all for the wonderful welcomes.

@William H. Yes, my goal is do RE full time. Like most advice I got, if I can generate cash flow or income greater than my current job to help me sustain then I'd feel more comfortable.

@Jeremiah B. Thanks for the insight. I am actually in the hunt to find something now. I'd be interested in meeting Rhonda Copp. Please let her know.

@Paul Timmins Looks like HUD multi's is rare to come by. Nothing in my area currently. Is there a way to stay up to date on the list? Besides visiting hud.gov weekly.

@Jonna Weber Nice. Love Charlotte. Been here for about 16 years. Market is going up here... plaza/noda and southend are booming now; I've missed some major opportunities.

Hello Everyone,

My name is Kuan Jengniang. Briefly about myself to break the ice… I graduated in finance/economics. Currently working full time as Investment Accountant in Private Equity. Several months ago I had the opportunity to help out with Commercial Mortgages accounting because the team was undergoing with transition/changes. Part of my job was to review new loans and make sure all the documents are available then set up a disbursement. Stack of papers I glance through includes appraisal, market analysis, property’s financial statements, and even borrower’s (either individual or institution) bottom line net profit after extensive list of expenses and debt services. It blew my mind.

Then coincidently a friend suggested I should read Rich Dad Poor Dad. I did. Then I caught the bug… been wondering why I never paid attention to Real Estate until recently.

I had some experience on the public side through several internships (dealing with stocks and bonds)… In college I took grant/loans and re-invested in stocks & bonds (probably shouldn’t say this here J).

But Real Estate seems fun. Sky is the limit. Most of all, I can actually see an opportunity to make a positive difference to families & local communities.

My girlfriend and I been dating for over 5 years, since I was 19. I was thinking of buying our first property (possibly duplex) where we can live in then flip. I think this is a good idea. But is it better, instead of buying a property, I use the money that could have been for mortgage down payment, and invest that to build my wholesaling system? Because it seems like everybody is saying wholesaling single family is a good start. Ultimately my goal down the years is get into commercial. Realistically what is a reasonable amount to invest in setting up a wholesaling system? I’m thinking of system because I’m at my day job 9-10 hours a day, there’s no way I’ll have time to pick up phone calls.

Some expenses I’m considering: legal docs, website, 1-800 #, business cards, logo, advertising, call center to pick up leads?, especially Marketing, and etc.

Glad Bigger Pockets exists. Look forward to learning, connecting, and giving.

-Kuan Jengniang