All Forum Posts by: Vincent Chau

I'm interested in obtaining a HELOC on my mom's house under my name. She is the owner of the property, but I'd like to maximize the amount approved and minimize interest rates since my financials are superior.

Thanks in advance!

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Originally posted by @Olu Sanya:

@Willie Brown & @Christopher Toth I am about to buy a few properties with strategy properties in the new year & i have been communicating with Al Bazzy, even visited Detriot already and liked what i saw. I own a number of rentals in Atlanta and just wanted to get your opinion on working with strategy properties. Your reply & thoughts would be appreciated.

Al Bazzy seems like a reliable person. Phone and email communication can be inconsistent but he always delivered on requests....before/after and post inspection repair photos.

Management side communication is non existent via phone, you will be transferred to voicemail. However, they will respond and complete tasks on the owners portal.

Strategy guarantees rent and repairs for the first 6 months. I have this property for 6 months so far..3 months rent from strategy and 3 from the tenant. Rent exceeds 1% rule.

No repairs or major expenses so far.

How was your experience in Detroit? What do you like about it? Where do you think the city is heading?

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Originally posted by @Willie Brown:

Started contract for my second property with Strategy Property! My first one was a cash deal and this time I'll be doing a financed deal. I only finance homes when I feel comfortable with the property management team in place. The 6 month rent guarantee is pretty sweet as well.

I just purchased a property from them. Communication also is very inconsistent. Received my first month guarantee rent.

Willie,

Who are you using for landlord insurance?

Also are you able to verify tenant lease agreements on the owners portal?

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@David Greene Would love to be on the list as well!

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Hi Everyone,

I am looking to househack in Texas, mostly looking at the DFW area, but am open to other cities as well. I'm looking into purchasing a multifamily house, but most of the multifamilies on realtor.com or other mls websites are sold as half-duplex. What is the reason for this? It seems to me that it would be more profitable and easier to manage if houses were in multiple units as opposed to one.

Thank you in advanced!

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Originally posted by @Account Closed:

Hi Benjamin and welcome to Bigger Pockets!! You're right, Southern California is a very competitive market and it is full of opportunity! There's a Bigger Pockets group in Santa Monica that meets once a month, it's a great group of individuals with a lot of knowledge. Please let me know if you'd like me to send you additional details about the meetings. Welcome again!

Hi Kysha! Can I also get details on Bigger Pockets meet up in Santa Monica? I would love to meet like-minded individuals!

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Wow this is a very informational post, as a newbie, this is very helpful to see both sides of the argument. Thank you @Erik Nowacki for expanding on both sides. I am still confused on how Swanny would lose his shirt if the cap rate increases. Can you expand on this? Assuming cap rate increases, the NOI would increase, so wouldn't he be making more money?

Originally posted by @Erik Nowacki:

There's obviously risks with either strategy. Swanny could lose his shirt if interest rates and cap rates increase, the factories shuts down or any number of other disasters. David could lose his shirt if the So Cal market takes a tumble, like 2008-2009. Swanny is more comfortable with his current risk profile and David prefers his risk profile. I'm not sure why this discussion degraded into a cap rate vs comps fight.

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Originally posted by @Jonathan Azoulai:

I practice Emergency Medicine in Miami, Florida @ the University of Miami Hospital.

I love my job and honestly if ... no... when I know my family has the financial security (cash flow) to support our modest lifestyle I will continue to do this job until I am physically unable to!

I am in real estate because I want to have the ability to go to work on my terms.

I want to be able to focus on providing the best patient care possible without having to worry about seeing a certain number of patient's per hour and without having to worry about anything other than delivering the most compassionate and best damn Emergency Medical care to every one of my patients every single day.

I completely agree! Even if I had all the money in the world, I would continue to practice medicine and serve my patients. It is great to see someone with a similar background on this forum. I am actually a new graduate physician assistant starting in emergency medicine also hoping to start my rei journey. I'm waiting for hospital credentialing right now and reading Brandon Turner's book. I worry that I will not be able to be the best provider if I divert my attention to real estate and vice versa. Do you have any advice on keeping up with effective practice while learning real estate investing?

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Hello all.

I am a newbie real estate investor that just moved to the Imperial Valley for work. I am interested real estate investing here in the imperial valley. Can someone shed some light on what works and doesn't here?

Thank you

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San Diego, California

Originally posted by @Cliff Hoberman:

I have been investing in Imperial County area for the past two years. What are your interests? What are you invested in presently?

Cliff

I'm interested in investing in the imperial county. can you tell me what works and doesn't here? I am a new investor and willing to learn!

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San Diego, California

All Forum Posts by: Vincent Chau

Vincent Chau has started 3 posts and replied 12 times.

Post: Obtaining HELOC on parent's house?

Post: Strategy Properties in Detroit

Post: Strategy Properties in Detroit

Post: Investing MEETUP with David Greene

Post: Why does Texas only sell half duplexes as multifamilies?

Post: Newcomer from Los Angeles

Post: Should I Stay or Should I Go Now? If I Stay There Will Be Trouble

Post: WHO ARE YOU? What do you do besides real estate?

Post: Investing in Imperial County

Post: Anyone investing in East County