All Forum Posts by: Matthew Kwan

You would need a knowledgeable lender who's also an investor as well then once you work closely with a lender then you would need an agent by your side who's knowledgeable enough to make an an offer and fight for you in terms of price negotiation. As for lender, I would recommend you use @Albert Bui as he's my primary lender and investor himself. He is located in OC, CA so close to LA right without traffic.

Hi Kaela,

It depends what price point are you looking for and perhaps you can move out to you current primary and convert it into a rental. If you have a lease to show and valid to 6-12months, you will be able to use it as a qualified income = more borrowing power. Our team work closely with investors and we are investors ourselves specifically in multi-family. I am located in Seattle, WA however our team members @Albert Bui @Carlos Valencia are located in OC,CA but it's definitely a long distance from San Luis right? Anyways, happy to help and support you in any way!

Gabriel! Welcome to the family. If you have any questions or concerns on how to start off your investing journey in real estate, feel free to reach out. Our team members are also located in OC, CA @Albert Bui @Carlos Valencia and we work closely with RE investors and also new investors who's trying to expand and step up their RE portfolio in terms of the financing side and experience.

Since the contract has stated on and before then you can either close the exact date or earlier. Worst case, you always request for an extension addendum signed by both parties (seller+buyer) if the seller is willing to accommodate. Also, if you have inspection contingency then you can still use that as a shield in case anything goes South when you the do the actual inspection

@Albert Bui

@Carlos Valencia

Anything 3-4 units will trigger the SS test. The projected gross rent of market rent at 75% has to exceed whatever your PITI is. I was fortunate enough to qualify it during covid times but if it's 1-2 unit with FHA, it will not trigger the SS test or lower your monthly PITI payment to make sure it passes the PITI test. In other words, have you thought about using another appraiser, at times your projected gross rent might change.

@Albert Bui @Carlos Valencia

Try looking into DSCR, Bank statement or even asset depletion loans. Would recommend you try to connect/reach out @Albert Bui to learn and strategize your financing options. He's the guy!

That's a long drive from OC but we'll try to make it

@Carlos Valencia @Albert Bui

@Brad Fabian yeah doing wholesale, flip, BRRRR strategy, or even working for a property management is definitely a good start and gain momentum into the industry. I decided to do house hack and work in the mortgage industry to start off, because what better way to jump into the industry by learning and knowing debt side of real estate.

@Albert Bui @Carlos Valencia

Try reaching Certain Lending and reach out to Israel Lopez.

@Albert Bui @Carlos Valencia

It depends if it's cosmetic rehab or major like electrical, plumbing, sewage etc. How bad is the condition so it depends...I did a cosmetic rehab early last year and it was around $30k for a 1600 sqft property up in Seattle WA. Over TX , the labor should be slightly cheaper.

@Albert Bui @Carlos Valencia