All Forum Posts by: Vee Vu

Hi everyone, I'm moving to the east coast soon. I'm looking at 2 markets right now for BUY - FIX - HOLD. The pros at these markets are the housing price is very affordable and job growth is +. However, there are many cons which make me concerned:

Philadelphia, PA: population growth rate is slowing down, high crime rates, low median household income, etc.

Baltimore, MD: the population is decreasing fast, high crime rates, negative home appreciation the last 10 years, etc.

I have a saving about 100K - 150K to invest. My strategies will be buying 2 properties under 50K each, rehab, rent out, and refinance. My questions are:

1) Is it possible to get B-class properties in these areas with the money I have right now? How? Can anyone recommend any zip codes?

2) Should I still step into these markets? Any other pros and cons I did not see yet?

3) I would love to connect with investors, realtors, wholesalers, contractors, lenders in these markets. Let's hang out and learn from each other. 

4) Which other markets on the east coast I should take a look beside these 2? Why?

Thank you so much!

Hi @Jorge Garcia , could you please send me more information? Thanks!

Hi Charlie John What type of loans are you talking about to have 2% holding cost? I'm thinking about using HML, and the holding cost will be a lot more than 2% of ARV.

I want to attend foreclosure auctions to network and get to know the process. However I checked with auctions.com in Los Angeles county, the attendees are required to have cashier check to get into the door. Are there any other local or small auctions where only require attendee to buy a door ticket? Thanks!

Welcome Charles Bantom Where are you going to invest? I'm doing research on Detroit now. The house price is very affordable, but there are still so many social and economic problems existing. How long have you been living in Detroit and what do you think about the market?

Thanks @Account Closed. Do you hire skip tracer too? How much should I pay them?

Hi everyone, I just start driving for dollars in my areas and I see a few houses I should contact. I try to figure things out on LA County Assessor, but I couldn't. Are anyone able to use the county assessor to find owner information? Please show me the instruction. Or should I use other websites? I tried a few but they are not free. 

Thanks @Jo-Ann Lapin, yes I can drive there and look around. But I still have no idea how much I should estimate for rehab cost. Did you mean I should add 10% on top of the budget I have for rehab cost? 

Hi everyone. Quick question: How should we decide rehab cost without inspecting the house? 

The house is in Gardena, CA and there are tenants living in. Therefore I can't come and take a look. There are 2 beds, 1 bath, 963 sqft and 7400 sqft lot size. I know we can always inspect the house during the due diligence period, but I still need the rehab cost estimation to calculate the MAO (maximum allowable offer). Thanks!

Hi Vincent. Could you please send me the details? Thanks!