All Forum Posts by: Sam Shueh

More opportunity to strike a contract with sellers. Until the mindset of home owners understand they need to have realistic expectation the days of obtaining multiple offers are gone. Here in Silicon Valley, CA the rule of submit offers no lower than asking still applies.  Let sellers lower them first. 

Chat GPT

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. 

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. 

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.