All Forum Posts by: Sam Shueh

Very few sellers will consider creative financing in our area which is west coast. All mortgages need 20% down which is at least 300K.  Trying to cough up similar amount +new adjusted inflated price is very tough. 

Indeed. That is an issue.

Definitely BETTER from cash flow standpoint.

You have to stay on top of them as there are plenty of poor property management companies fewer reputable ones. So long you can collect rent on time in a reasonable manner. Your mission is completed.

That depends on the localities. Most California courts favored and protected tenants. In SF City area no landlord will want to touch investment properties again. Layoffs from high tech, homeless or squatters abound. Landlord foot the rent for 2 years to tenants who did not pay rent (well they paid 25%) to remain in place while tax payers foot the bill for reimbursement. Some have jobs act poor many now own new cars and go on vacation walked out richer than landlords. 1 saved enogh now own a house.  Just got through an eviction case at superior court. Tenants 6 months late or not paying rent got 2 more months for free but had to vacate after lease expire. He still did not pay rent as promised to the judge got what he deserved.

So if you still want to pursue most units have a rental control cap. Expect tenants to stay there 2 months free if they default.  Want to manage all 6 properties problem free?  Good luck.  Sam Shueh

pay cash is the fastest way.

Buyer contract gets longer. In your area the listing agent should offer same as before to a buyer agent other than MLS no longer lists coop commission. Buyer agent finds out him self.

I think once it gets going it is same as before.

Need a real estate attorney. Tenants all know the law as good if not more than you. Eviction here needs to go to Superior Court months past 1st late payment. Sometimes it is best to pay the tenant to get her out of sight. Faster and more affordable.

Anything under 20% is problematic.Wanting income you get a multifamily on the next.

Get a home line of equity.