All Forum Posts by: Matthew Kwan

There should be a Real estate facebook groups where you can reach out to contractors or ask for recommendations.

@Albert Bui @Carlos Valencia

BRRR is more of a strategy to generate quick income source or cash that will lead/start your journey into real estate which is House Hack.

@Albert Bui @Carlos Valencia

As it depends the location and demand of the area. As some places as higher demands for 1B1B due to the high stats of singles or a state that only attracts for job opportunities. However, at OK due to the land availability and population being 3.987 million...I personally would lean towards more bedrooms as it's being ranked 18th highest marriage rate in the country = more family members in the single household.

@Albert Bui @Carlos Valencia

The landlord/owner will be responsible for all the expenses and costs...Property managers are just your representative to initiate and take action. 

@Albert Bui @Carlos Valencia

Please kindly clarify is this applicant applying as a borrower OR tenant? If borrower you can do a soft pull which will not ding his/her credit score but you will need to calculate all of their liabilities from scratch which will give an estimate to calculate their DTI.

@Carlos Valencia @Albert Bui

HI Terry, well it depends what is your target? If you are trying to do with min money down you can consider FHA with 3.5% however for 1-4 units however for 3-4 units there's a FHA rule that you would need to past "Self Sufficiency Test" in order to qualify. As for conventional, you can do 3-5% down for single family but for 2-4 units, you will need up to 15-25% down.

@Albert Bui @Carlos Valencia

HI Sergio. Try connecting with @Carlos Valencia and @Albert Bui they are they man and can help you with your RE journey! 

They just want to make sure if the client is qualified and how much can they qualify just to assure the legitimacy of the client, so that they don't waste too much time on it.

@Albert Bui @Carlos Valencia

Diversify that money into real estate, stocks, crypto but of course which asset class do you value more and willing to put more money towards it...that's a question for yourself. 

@Albert Bui @Carlos Valencia

Seller financing or VA loan if you are veteran but would still need to use income to qualify. As for seller financing, you can negotiate and structure the deal with the seller and sell the DREAM!

@Carlos Valencia @Albert Bui