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All Forum Posts by: Jeremy Hua

Jeremy Hua has started 1 posts and replied 138 times.

Post: Accept bad tenant roommates if one tenant is excellent?

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

So you want to rent to guys that aren't paying taxes, an "employer" that doesn't have them on the books, why?

Post: Stock market correction, BitCoin collapse, and real estate

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

Proctor and Gamble going to zero would be like Preferred or Casto going to zero.

Alternatively, a penny stock going to zero is like the war zone property you bought for $500 from the land bank.

Post: Use a car loan for down payment

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

If you put $0 into it, congratulations @Brandon Hicks

Post: Use a car loan for down payment

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135
Originally posted by @Caleb Heimsoth:

Buy the car, sell it for profit. Don’t take out a car loan on it.

That was my thought when I was in the shower.

That's what I would do.

Post: Use a car loan for down payment

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

I tend to be more blunt on any forum I'm on, so with that being said, a $30k house is a dump. That's not the space you're able to play in, and I would leave that to the ones with bigger pockets.

It feels like you saw a Grant Cardone clip, and want to leverage your refrigerator. Taking a personal loan out against the equity of a vehicle isn't what he meant. The vehicle is going to going down in value, every mile. That's the difference between doing a cash out on a property, vs a depreciating asset.

Post: Use a car loan for down payment

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135
Do you not even have $10k,cash?

Post: SFR - Columbus, OH (Gahanna 42320)

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

Which part of Gahanna, along N. Hamilton? That area seems to have really grown a lot, and I think there's potential for appreciation.

Post: Buying a property over market value for cash flow

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

I failed Math 104 twice, but that seems like a lot of risk and money for only $200 CF each month. Not to mention, you stated you're paying more than market value, why? If you're paying more than it's worth currently, is that really cash flow?

Post: well here is one for the books. Bay area is not easy!

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

Eh, still cheaper than a year of college. 

Either jump off the boat, or use the ladder. Regardless, I'd get off that ship. You're better off playing blackjack. 

Post: What I am I doing wrong? Can't get it rented.

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

620 in a C+ area is going to be rough. I was in a situation like you, but I held out, and got great tenants, especially for a C area.