Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sam Shueh

Sam Shueh has started 8 posts and replied 4276 times.

Post: How Are You Using AI in Real Estate?

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

Chat GPT

Post: Is it a Buyer's Market in your niche/town?

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

Silicon Valley?  Almost never. There is demand for housing for decades. This year it is going to be a normal year. May be 4-8 offers on homes less on town homes. Unfortunately in better school or west side most modest homes are $3M and above making them very unaffordable. 

Post: What Appliances Do You Supply?

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

Refrigerator. Most major appliances tenants have them. If it is fixed then stove and oven. The home warranty cost has skyrocket easily 1000 with a/c. 

Post: Primary Res to Rental and Repeat

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

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. 

Post: Advise on potential opportunity

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

Indeed. That is an issue.

Post: Primary Res to Rental and Repeat

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

Definitely BETTER from cash flow standpoint.

Post: How Do You Handle Property Management for Out-of-State Rentals?

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

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.

Post: How should I continue to grow my dad’s portfolio?

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

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

Post: Help with DSCR financing options

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

pay cash is the fastest way.

Post: So how is the Buyer's agent going to do come July?

Sam ShuehPosted
  • Real Estate Agent
  • Cupertino, CA
  • Posts 4,356
  • Votes 1,724

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.