All Forum Posts by: THU NGUYEN

Hi there,

How are you?  Love Austin btw.  How is the RE market there?  

Jacob Perira,

Thank you much for the advice.  

How is your experience with D neighborhoods?  Good CF but not much appreciation?  And the headache?  

$1600 is what I would receive from the 2 units of the duplex. $800 is what I would have to pay for mortgage, tax, insurance...no maintenance/repair/management fee yet in my numbers above. I can get tenant quickly according the CMA I pulled, less than 30 days. I do not pay any utilities.

Thanks Tyler for the feedback.  Will PM you.  It's just I'm new to C areas so not sure what to expect.

Yes it is in Alief.  You know Houston market well from all the way from California Alex J.

the property is already renovated so no repair cost, 25% down + closing cost = cash out is about $34K.  

sorry, that's what I mean..net CF is $800, after I pay mortgage, tax, insurance.  Gross is $1600

Hello BP members,

I am thinking of buying a duplex about $120K.  CF is about $800/month so awesome right for that a property that low.  However, it's not in the best area.  Appreciation is not great as I have seen the same property sold in 2007 (9 years ago) for $110K.  Almost 9 years and the duplex has increased only $10K in value. 

Would you do this deal?  I have seen bad experience with Section 8 tenants from my friends properties so I won't allow Section 8.  I have been blessed with perfect tenants for the last 10 years of being landlord so I am not sure what to expect if I enter into this type of property.  Great CF, not much appreciation and not A type tenants.

Looking forward to hear your feedbacks.

@

I am looking for rental properties in Sugar Land, Spring, Katy, Richmond, max $200K.  I can take on rehab or turn keys.  Please let me know if there are any in the areas.

@Ritesh Bagga, talked to a commercial mortgage company, they said it's harder to get money out of LLC, possible with business loan but just harder.