All Forum Posts by: Matthew Kwan

It depends what you long term goals are? Typically, many people would pick a lender purely based on rates and pricing. However, there are more factors than just pricing, the value and strategic planning needed to help you cross the finish line. You would want to also focus on lenders who are investor themselves as well, where they think like an investor, not just a lender to just fund your loan.

@Carlos Valencia @Albert Bui

In theory, once you acquire the property as a primary residence, you will have to move into that house within  30 days. However, you do not have to live into that house for 30 years. You can vacate your primary house and convert it into a rental/investment property after 12 months. Once you vacate your old primary and covert it as an investment, then you can cont. buying your next property as a primary residence with low down payment and lower rates than investment property.

@Albert Bui @Carlos Valencia

HI Josh,

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment. The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast. However, it allows you to use the vacant rents of 75% market rent as an alternative income to help the borrower to qualify.

Happy to connect and assist you in your real estate investing journey. @Albert Bui @Carlos Valencia

HI Blake,

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.

Happy to connect if you are interested to expand your portfolio

@Albert Bui @Carlos Valencia

Running your own rental for 1-3units is always the best way to learn and understand more about the industry. Once you have those personal experiences from managing your own property, you will be able to identify and vet these property management companies when they're trying to make excuses of whatever the reason is as it stops you from achieving your objective. 

@Carlos Valencia @Albert Bui

HI Yolanda,

Happy to assist or guide any inquires in the financing side on your investment properties. It's important to establish the right gameplan and exit strategies when in comes to real estate investing. Goal is to slowly build up your real estate empire and live off with the passive incomes.

@Carlos Valencia @Albert Bui

Hi Dan, 

What inquires or services are you trying to explore?

@Albert Bui

HI Vincent,

Correct DSCR is only applicable towards investment properties and you need to own at least one property in order to look into DSCR.

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.

Happy to connect if you are interested to expand your portfolio

@Carlos Valencia @Albert Bui

Well it depends. The daunting thing could be zero rental income for x months. The good thing about not having any tenants on your new purchase, it allows you to do a full remodel of the property and raising it to market rents when you lease the units up.

@Carlos Valencia @Albert Bui

HI Nichole,

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment. The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast. However, it allows you to use the vacant rents of 75% market rent as an alternative income to help the borrower to qualify.

Happy to connect and assist you in your real estate investing journey. @Albert Bui @Carlos Valencia