All Forum Posts by: Sam Choi

Hey @Bradley De comarmond I've also been considering it. I'm not sure if I mentioned it earlier in this post, but I do have a few buddies investing in the DFW market currently and have done quite well. I have been looking into the last few months. Thanks for the suggestion! And if I can make it out to the meetup, I definitely will. Sounds very interesting

Hey @Grant Greene Thank you for the information. That sounds very interesting. I may look into that!

@Max Gradowitz Thanks for the suggestions! Am looking into the listings now! 

@Jo-Ann Lapin Yes, this thread has been very helpful for me. After reading everyone's comments, I am definitely looking to find a property that I would be able to drive to. Especially for my first investment. Thank you!

@Fay Chen Thanks for the suggestion! I have actually looked into Arlington a bit when I was doing my research in the DFW area. I will have to dig deeper into Arlington. Thank you!

@Jeff Wallenius Hi Jeff, thanks for the reply. Just to clarify, there are operators that would assist in purchasing fixer properties and rehab to where I would be able to cash out refi? That would definitely be interesting. Because at this point, I'm simply trying to build my capital so I can purchase more buy and hold properties in the future. But if I can continue to BRRRR, I wouldn't need to sell. Especially in growing areas. Would you happen to know any reputable companies doing this? Would like to take a closer look

@John Warren Hi John, yes I'm definitely realizing that out of state can be very lucrative. Especially living in Los Angeles, the competition here is insane. Definitely leaning towards out of state investments, or lower priced areas in California. 

@Brian C. I understand. The forced appreciation would just be purchasing properties below market value and rehabbing them to bring them up to market value. These are the ones I'm most interested in. Because, like you, I definitely don't want to depend on appreciation. I would like to build equity by purchasing undervalued properties and fixing them up. So even if it doesn't appreciate, I would still have some built in equity. And of course any appreciation would be a bonus.

@Account Closed Hi Jeannette, thanks for your reply! I do have a full time job currently, so I wouldn't be able to spend as much time as I would like. My goal would definitely be to do this full time, as I realize I have a real passion for real estate. My short term goal would be to build more capital, however my long term goal is to purchase buy and hold properties. What I've been thinking to do was flip houses in and around Los Angeles and purchase lower priced buy and hold units with the profits. Ideally, I would like to BRRRR a property around los angles, so that I can pull out cash for another deal without having to sell. But the prices just don't make sense to do that, which is why I was thinking about out of state. But you are definitely right, it would be much riskier to have an investment so far away, compared to being able to drive to it on any given day. I've also thought about purchasing a multi familiy to airbnb, but with the issues going on in LA about airbnb, I thought that might be quite risky as well. Do you have any thoughts on that?

@Brian C. That is a great multi that you were able to purchase. I will definitely have to start researching that area. Especially if there are rehab multis, I feel like a cash out refi will be very possible. Although you may not get 100% of your invested funds back, that still okay with me. As long as I have enough to do another deal. Also, what do you mean by the sellers paying 0 commission? Is it that you paid the listing agent's commission at the time of purchase? 

And the multi being an "as-is" property, I'm guessing there was some rehab that had to be done. Did you ever get an appraisal afterwards? I'm just curious as to the forced appreciation aspect.

@Curtis Harvey I am in the same situation as you. The only property I currently own is my primary residence, however I don't have any offers on properties yet, as I'm still deciding on how to approach my first deal.

@Account Closed Thank you for the insight. I have not yet looked into any cities in Florida, but I do realize there are many areas that have a lot of potential. I am realizing that the hard money flips around my area probably isn't worth it, based on the feedback I've been receiving here. So I definitely appreciate that. And for the property you put under contact, I would definitely consider that a grand slam compared to the deals that I've been looking at. Good luck to you as well!

@Brian C. I just did a quick search on current 4 units on market in Fresno. The prices are very reasonable! But I would have to dig a little deeper and research a bit more. Are you hitting the 1% rule in your multifamilies? I'm guessing the cash flow will be significantly better than anything that can be found near la. 

@Curtis Harvey Hi Curtis, do you currently own multi families in the Fresno area as well? And great questions, very curious about the answers. Is there good appreciation potential in Fresno?

@Brian C. Hi Brian, thanks for the reply! I haven't really looked into Fresno at all yet, but have heard good things. What are typical prices for 4plexs there? Ideally, I would like to somehow get my capital back out so I can grow it before investing it for long term holds. Do you think it would be possible at all to BRRRR these multis in Fresno?

@Rolanda Eldridge I definitely will! I've personally never researched the AL and GA markets, but I will definitely keep them in mind. Thank you!

@Rolanda Eldridge Hi Rolanda, thanks for the reply! I definitely agree with you. I've been interested in RE since I was 18, but didn't really pursue it due to work and the lack of capital. Now that I have some capital to start off, I have been actively pursuing deals. I started getting serious about 7 months ago and am ready to do my first deal! Were all of your deals in AL and GA? 

@Tom Camarda Hi Tom, thanks for the reply! Just sent you a colleague request. That's great! I've been driving through Highland Park quite a bit. The neighborhood is definitely booming right now. Would definitely like to connect with you and pick your brain. Are you currently investing in the LA area at all, or only out of state?

@James You Hi Kee, thanks for the reply! A lot of my friends live out in Ktown. Send you a colleague request as well.

Yes I've heard. There are so many cities that are blowing up right now. Been researching a few of them, but because I have some connections in Dallas, I have been focusing more there as well as LA