All Forum Posts by: Philip Ng

Thank you all for your suggestions!  They are very helpful.  I am not sure single or multifamily yet.

I need to decide on location and the price I can afford and the income it can generate.  I will research on the meet ups in this area.  I am glad I join BP.   Thank you!

Thank you all for your inputs.  They are very helpful.  I think I come to the right site.   It is a good suggestion to talk to local lenders to see what they can work with in my case.  It is encouraging that there maybe a chance that I still can be financeable.  I have some stocks and a good equity in my home.   I live in Cupertino, California.  I will do some research on where should I invest to get a good income from my investment.  I think locally, the rental may not be that attractive since this is a relatively expensive area.   I am a newbie on this but the book really helps me a lot.   Now with this site, then I have someone to talk to.  Hope in the future I can contribute to help others here as I gain more experience.

Hi, I just retired and I would like to purchase rental properties to supplement my cash flow. I think I will not qualify for loan since I am unemployed. So is cash the only option? But cash is limited even after I refinance my home. From "the book on rental property investing", one can increase the number of rental properties by putting down payment and then saving the income. Then repeat the process to acquire more properties. But if I cannot be qualified for loan, how can I grow my rental properties? Any suggestions? I do have a HELOC (home equity line of credit). I am thinking using cash and the HELOC to purchase 2 rental properties. Then after one year or so, can I count them as income, together with the dividend from my stock account and qualify for loan to buy more properties with 20-30% downpayment then, even I am unemployed? Thank you for your suggestions in advance.

Hi, I am reading the book on "The book on Rental Property Investing" by Brandon Turner and that leads me to this site.  I just retired and I am interested in acquiring rental properties to supplement my cash flow.   I did one flip just prior to retirement.  But my interest is to buy and hold for income.  Hope I can learn from other members on this.  Thank you.