All Forum Posts by: Victor Nguyen

I’m a first time real estate investor that is about to sign off on a duplex for lease. As we all know, interest rates have been very high these past years (7.5%-7.7%), and there are rumors that the FED are looking to cut the interest rates in 2024. Should I wait for the interest rates to drop before I buy my first real estate property? Or should I buy it now, because I know a lot of real estate investors always saying that their biggest regret was not starting sooner. 

I am a first time real estate investor trying to buy my first property to rent out. I am mainly looking for a single family home in the DFW area. I have been talking to a real estate agent and he has been sending me a lot of properties to look at but the numbers just don't make any sense. Most of the single family homes are around $290k-$300k and the estimate rent for the area is around $2,100-$2,300. After calculating all of the properties, the average cap rate is around 5% and the COC ROI is always negative (I am putting down 25% for a DSCR loan). Most of these properties are going to take me 6-7 years to actually have positive cash flow. Is that normal? Or should I take my time and wait for my real estate agent to find me a better deal?

I understand that for single family homes, it takes a while to get positive cash flow, but is 6-7 years way too long?

I am a first time real estate investor trying to build my real estate portfolio. I hav some excess cash that I would like to put in a rental property. My goal is to get a little bit of cash flow and appreciation. I understand that single family units take a while before they cash flow, and I'm perfectly fine with that if the investment is right. I also want to invest in something that will not give me too many headaches. For a first time real estate investor, which option would you prefer? Single Family Units or Multi-Family?

I am a rookie and trying to buy my first rental property to start my real estate portfolio. I have some questions about real estate that I just can't seem to understand. I am currently working with a real estate agent and they are sending me a bunch of really good deals on the market. I know that there are really good deals listing on the market every single day, but f there are so many great deals, why aren't they all getting bought up instantly when they go on the market by avid real estate investors? Is it because they know something that beginners don't? Is it because they do not have the capital and the funds to buy 20 deals in a year? Can someone please explain this to me

Thank you for the reply! I've heard about DSCR loans and have been looking into to it, but it seems you have to first own a primary residence in order to use it. Is that true? And if that is the case, what should I do if I do not own a primary residence?

I am a first time home buyer trying to start my real estate portfolio. My goal this year is to buy a rental property that I can lease as soon as I close or after some minor repairs. I am open to single family homes and duplexes. My only income is 1099s, which I write off a majority of it to lower my taxes. I have over two years of 1099s, a very high credit score, and enough capital to put down a 20% down payment on properties around $250k-$300k. The first lender that I went to for a loan just told me that they can not provide me with a mortgage because my income "on paper" was too low. What should I do in this situation? Is there any other loans that I should apply for?