All Forum Posts by: Eric Siu

So I've seen a lot of people suggest using a hard money lender to purchase a property as a way to not use his/her own money in the deal. This makes sense for a fix and flip property, but how does it work out for a buy and hold rental? I can't seem to think of a way to pay off the lender in a short term just using the rental income off the property. Cash out refi? Or in another situation, getting a conventional loan using a hard money lender to pay the down payment. Help??

Thanks all! I guess I can't do an exact apples to apples comparison between NOI and the rules.

Hi all, I've been curious as to how the above concepts relate to one another:

I've been reviewing various commercial real estates and they then do provide information related to the "cap rate" and NOI of the property. However, I see people here using the 50%/2% rules. Is there a way to essentially translate one set of information relative to another? For instance, how does cap rate relate to the 50%/2% rule? Thanks in advance!

Hi all, Eric here. I'm a practicing pharmacist looking to increase my cash flow with real estate. I've been browsing this site and forum for a bit and finally decided to join in. I've learned a lot so far and am hoping to learn even more. At 29, I have one rental already but I am looking to pick up more. I am in no way an expert so my questions may be amateurish; my apologies in advance. Here's to hoping I become less of an amateur and more helpful in the future with your guys' help. Thanks all! Eric.