All Forum Posts by: Ronald Luangsisongkham

Hi,

Let's say that you're eligible for a 100k loan but you found a property at discount of 200k which is 75% of LTV. For example, your mortgage is $1,000 on the 200k home but there are tenants in there that are paying $1500 in rent so you're cash flowing $500. Would you be able to acquire a property using a conventional loan even though it's passed your approved amount?

It's not impossible to get those returns in the stock market. I taught myself everything about the stock market when I was in college. Fundamental, and technical analysis. While everyone was going out and partying, I was going through 10k statements, learning to read financial statements, and so forth. Options trading is not risky. Here is an example of what I did with 25k, and how I made a 12k profit within 14 days. If you put your mind to it, and truly want to learn how to earn it's possible. Stock options is the next generation of investing, there has just been so much fallacy associated with it. 

It's not impossible, I dropped out or you can say I took a break for a year to learn everything about stocks. Then went back and graduated. 

I don't see a problem with it. I did something very similar. I always had about 8k a year left over after tuition and I saved that money and used it in the stock market. 

I would say make sure you can take the emotion out of screening. You said you want to help people with bad credit get a place to live but just remember don't sell yourself short or fall into an emotional pitfall. If you stick to your guns and make sure you have a strict screening criteria you will be fine.

If you invest in low income/high crime neighborhoods you have to consider the value you are bringing yourself. Although, the numbers look great on paper there could be unrealized events, costs, maintenance. Let's say things do work great for a while but then a break in occurs, or tenets don't pay then you have to consider that. Consider your peace of mind, and remember it's an investment. As investors, yes we make money this way but you have to consider the value you bring them and yourself and not just strictly profits.

I would much rather try to find a valuable property in a decent neighborhood, although it may take time and a lot of searching, in the end you'll be much happier that you did. Imagine the time you will save from not having to fix those unnecessary maintenance that would otherwise not occur in decent neighborhoods.

Background story:

My parent's went though a divorce and my mom owns the house. She doesn't want it any longer and wants to give it to me. She hasn't lived at the house for two years. Unfortunately, my dad is house squatting and wont leave. He doesn't provide any help financially.

Course of action:

She is afraid to kick him out for some odd reason. Since she doesn't want to remove him I thought that she should put the house under my name and I'll become the owner and evict him.

Conclusion:

What would be the best course of action to transfer the title into my name in the state of Washington. In addition, what would the best way to remove him from the property without him knowing it was me? Could I hire someone to post a notice? The reason being is I don't want any backlash going back to my mother because my dad has violent tendencies and I want to solve this in the most civil way possible. 

Thank you very much,

Ronald

Thank You!

By far the best forum I have ever been on! I love all the feedback, and the help. I'll be sure to further my education by attending as much meetings as I can and following the links provided. You all have been wonderful, please keep it up! You have inspired me :).

Hi,

My name is Ronald. I started investing in the stock market at 19, I'm 23 now. Since then I have branched out to stock options and real estate. I'm a newbie when it comes to real estate however it's always been very interesting to me. Throughout this year I have been learning, and surrounding myself around people in the real estate industry. I have to the conclusion my personality fits a buy and hold.

At the moment I am looking for property to buy, but I sometimes I still get nervous because it's something new and I just want to make sure I'm doing it correctly. If you have any recommendations I would love to hear it.

Best regards,

Ronald