All Forum Posts by: Matthew Kwan

Yes most definitely, however each person are able to acheive 10 maximum conventional loans, so if each properties are applied jointly, then you both would only have 10 active loans/properties instead of 20 loans (10 from each person) So you would want to strategize accordingly and see how you can acheive your maximum potentials and have multiple properties with your partner.

@Carlos Valencia @Albert Bui

HI Juan,

I would recommend attending local meetups by connect local investors and understanding what is currently happening in the market. We done deals in FL, the 1% rule is definitely achievable assuming you're planning to do short/mid/long term rentals. However, the homeowner insurance coverage can bit steep at times due to the natural disasters down in FL. There are multiple ways to structure your deal and get your feet wet in real estate, as long as you know your numbers.

@Carlos Valencia @Albert Bui

HI Samuel,

There is no right or wrong answer to your questions. It really comes down to what lifestyle do you want and what are you willing to sacrifice. If you want seek that golden lifestyle and looking for that hassle free life, perhaps renting that beautiful apartment and travelling to different countries would be ideal. However, in order to sustain that lifestyle, both you and your girlfriend will have to work until retirement. If you do decide to proceed into investing, this will open to a realm of achieving financial freedom and slowly accumulate your rental portfolio, so that you can replace your active tech income from your rental income. However, this will require sacrifice and having a duties of a landlord. Real estate is a slow game, where you don't become instantly, but its return can be beneficial in the long run.

@Albert Bui @Carlos Valencia 

HI Jamar,

You can always open HELOC or line of credit from your primary house or non primary house, assuming you have sufficient equity and income to qualify. You can obtain up to 90% LCTV for your main primary house that you are living or 80-85% for your investment properties. Rates are typically higher than a traditional cash out refinance, however at least you are not getting the full loan amount + you have the flexibility to draw/tap in the money whenever needed.

@Carlos Valencia @Albert Bui

HI Eric,

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

You can exit your hard money loan to conventional with lower rates + assuming you have the sufficient income to qualify. However, not everyone has the income to qualify conventional, so the alternative route would be DSCR loan where the program doesn't look into your income, instead it evaluates based on the subject property rental performance based on the ratio system.

@Carlos Valencia @Albert Bui

HI Elias,

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

There could be many, but usually the main issues that could break the deal would be Foundation, Plumbing, electrical issues where it could be costly to repair the property 

@Carlos Valencia @Albert Bui

The only reason that you are requested to order a comparable rent schedule appraisal is because the lender needs to see what the market rent is for that specific investment property. The good thing about it is that it's quick and convenient for both yourself and the lender, the disadvantage could be that it might impact/increase your DTI if the appraisal came back lower than your actual current rent being received. There are also ways around it to use your lease agreement if you are aware that you're getting above market rent. Typically lenders would request 2 months of rental receipt + bank statement showing the tenant paying the 2 months of rent to the landlord OR 1 months of rent + security deposit if the lease just started. However, this would not work if it was received in CASH, as many lenders tends to question the legitimacy when it's being paid in cash.

@Albert Bui @Carlos Valencia

It depends what the intentional goal that each investors are trying to acheive? The majority of them are trying to leverage debt and use as less as possible of their own money. I been seeing people utilizing heloc more than cash out refinances due to the high rates. Even though HELOC are higher than cash out refinances, but it gives investors the flexibility to draw their funds and not having to pay the full balances within x years, depending on the loan program and draw periods.

@Carlos Valencia @Albert Bui