All Forum Posts by: Matthew Kwan

HI Tucker, it really depends on what your long term goal on investing real estate. You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future? In this case, I would recommend staying away from condo as they have high HOA fees and tends to increases every year. Also for condos, you only own the unit but no the actual land itself. You should always looking into single family houses or multifamily, as there is an actual land that you own and potentially build ADU/DADU in the foreseeable future.

Also, the beauty of FHA is that it allows you to put 3.5% down payment to invest in 1-4 units. However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test. In order to past this SS test, your apppraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA). These are something to be considered. Feel free to DM and we can talk more about it @Carlos Valencia @Albert Bui

HI Tucker, it really depends on what your long term goal on investing real estate. You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future? In this case, I would recommend staying away from condo as they have high HOA fees and tends to increases every year. Also for condos, you only own the unit but no the actual land itself. You should always looking into single family houses or multifamily, as there is an actual land that you own and potentially build ADU/DADU in the foreseeable future.

Also, the beauty of FHA is that it allows you to put 3.5% down payment to invest in 1-4 units. However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test. In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA). These are something to be considered. Feel free to DM and we can talk more about it @Carlos Valencia @Albert Bui

HI Michelle, I would recommend @Israel Lopez from Certain Lending! 

@Albert Bui @Carlos Valencia

HI Elie, it really depends on what your long term goal on investing real estate. You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future? In this case, I would recommend staying away from condo as they have high HOA fees and tends to increases every year. Also for condos, you only own the unit but no the actual land itself. You should always looking into single family houses or multifamily, as there is an actual land that you own and potentially build ADU/DADU in the foreseeable future.

Also, the beauty of FHA is that it allows you to put 3.5% down payment to invest in 1-4 units. However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test. In order to past this SS test, your market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA). These are something to be considered. Feel free to DM and we can talk more about it @Carlos Valencia @Albert Bui

HI Chase, I got some team members also lives in OC. @Carlos Valencia @Albert Bui feel free to connect with each other!

HI Stephanie, 

it really depends on what your long term goal on investing real estate. You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future? In this case, I would recommend staying away from condo as they have high HOA fees and tends to increases every year. Also for condos, you only own the unit but no the actual land itself. As for townhouses, there are limited values that can be added due to its limited space.

You should always looking into single family houses or multifamily, as there is an actual land that you own and potentially build ADU/DADU in the foreseeable future. Also, the beauty of FHA is that it allows you to put 3.5% down payment to invest in 1-4 units. However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test. In order to past this SS test, your market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA). These are something to be considered. Feel free to DM and we can talk more about it @Carlos Valencia @Albert Bui

HI Robb, we work closely with real estate investors in the CA area. I'll be happy to breakdown your scenarios and see what routes that you can pursue in terms of the financing side, especially in the bay area! 

@Carlos Valencia @Albert Bui

Hi Sidd, it really depends on what your long term goal on investing real estate. You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future? In this case, I would recommend staying away from condo as they have high HOA fees and tends to increases every year. Also for condos, you only own the unit but no the actual land itself. You should always looking into single family houses or multifamily, as there is an actual land that you own and potentially build ADU/DADU in the foreseeable future.

Also, the beauty of FHA is that it allows you to put 3.5% down payment to invest in 1-4 units. However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test. In order to past this SS test, your market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA). These are something to be considered. Feel free to DM and we can talk more about it @Carlos Valencia @Albert Bui

Yes mid term rentals has its perks, especially if your units are fully furnished. As I realized that some tenants are willing to pay that extra money for the convenience since they are only living there 2-4 months, so fully furnished would attract a specific set of audiences. @Albert Bui @Carlos Valencia

Hi Gabriel, do you know what your ideal budget or hoping to be preapproved? Usually, lenders would lend up to 45%-50% of your gross income. This will give you a sense on house much you would qualify. Also, you would want to ask your agent to fight/negotiate 2-3% sellers concession so that you can apply that seller concession towards your loan on a 2-1 buydown, which could lower your lower interest for the first 2 years. I hope this strategy will address your concerns on the high interest rates. @Carlos Valencia @Albert Bui