All Forum Posts by: Linda Zhou

By the way, what is the address of the home. I can do some research on it.

Frances

Hi 

I am interested in. Would you please give me a call at 4083908887.

Frances

I am looking for residential. Price range is below $150,000. Single family house.

Hi

I am interested in area which can generate cash on cash return around 10% if I put 20% down. 

Linda

Hi

I am interested in buying investment properties in Dallas-Fort Worth area. Does anybody who has a good agent to recommend?

Thanks

Linda

Shawn: I have never done rehab before in Texas. Below is my agent estimate. The house is about 1775 square footage. Do you think that it is reasonable? I visited the house, the house is in pretty bad shape. There is no electricity, no HVAC, needs a lot of work. I just want to make sure that my agent rehab crew does not overcharge me.

Thanks. Linda

Exterior Paint-900

Tear out enclosed patio- $2500

Electrical $5000

HVAC- 4500

Foundation $4000

Carpet $1480

Paint $1800

Interior repairs $2300

Appliances $1000

Counter and bathtub replacement $ 800

Window $1300

Sliding door $1600

Garage door $450

Garage door opener $265

Interior doors $450

Mirror $125

Wallpaper $250

Roof $ 4500

Concrete for the patio $ 1100

Total $34,695.00

Hi

I live in California, I am going to buy a house in Dallas. I visited there and like a house I saw. But this house is going to need a lot of repair. It is estimated to be $30,000. My agent has a rehab crew and she is going to help me to do the rehab. Can somebody tell me how to manage the rehab process remotely? How can I make sure that they do not over charge me?

Thanks

Linda

Hi

My primary house is now worth 1.1 million. I have $225,000 loan left. I am thinking of doing refi to cash out the equity. I talked to my loan agent, I can cash out 825,000. After pay down the previous loan, I will have $600,000 left. I am planning to use this money to purchase several investment property. I want to cash out now, since I feel that my house in sillion valley is very high now. I am afraid that the house price is going to go down, and also the rate is pretty low now. But my other concern is that if I don't find property to buy immediately, I end up paying a lot of interests. My current loan is 15 years fixed with 2.85 rate for $225,000. So the interest is pretty low. I do have $200,000 reserve in cash in case things go south. Shall I do the refi? Is it too risky?

Thanks

Linda