All Forum Posts by: Vinh Huynh

@Rob Massopust Hi Rob, thanks for your idea. If everything you have mentioned is correct , my property that I live in Monterey Park in Cali still $40k -50k something instead of $700k or $750k now . I do agree that house appreciation is not always true , but I know for sure after 20-30 years it will more expensive than today. We all know that living expense now is way different in 1989 and minimum wage too. So let’s see what happen . At least, my house will keep it up with the inflation. 

@Johann Jells  I am even more “modest” than you with 3-4 % is ok for me. But yeah , everybody has their opinion and I got so many good advices so far. Thank you all .

@Dallin Preece Hi Dallin, thanks for your idea . Some folks gave some good idea . I will try to apply to cut cost. 

@Cody Zucker Hi Cody , thank you for your idea. Yes, if we take it easy and simplify my story, I think your idea is correct. Let's say after 30 years someone paid 88% of my property even with no appreciation is not really bad at all. At that time, I still gain profit and collect rent for the rest of my life. Just like stock , we can categorize investors in some different types : Aggressive, Moderate or Low Risk. Everybody knows that high risk , high reward. Thinking is going out of state to invest into Positive Cash Flow market is not bad idea but I don't want to invest into what I am not sure or I don't know. I think I will keep it for at least 10 years. Let's see. 

@Bill Brandt Hi Bill . Yes , you are right . Overpopulation is major issue in mega city like LA and it’s getting worse .For us , it takes us 1.5 to 2 hours to commute is very normal. Since higher demand but limited supply , appreciation should happen .

@Steve K. Hi Steve . Thank you for your thoughtful idea and opinion . Yes , I treat this property as my retirement and my time frame is around 20-25 years . At that time , I can use the rental for supplemental income plus paid off property for my retirement. Like you said , Positive Cash Flow is one of mechanism to build wealth but there are some different way too . Appreciation is the one of them.

We don’t know what’s gonna happen in 20 -25 years but we can predict the trend. Since LA and Orange County are over populated now , moving to this area is great option, especially youngsters. I did carefully research before I decided to buy this prop in this city like high rating school district, very convenient to commute , high-demand job, low crime rate,etc. With all of those factors , it took me just couple days to find good tenants. Turn over seems like never be a problem in this area. However , since I saw I still have negative cash flow , I just want to get some idea how I can manage property more efficient. To be honest , $300 loss is not really a big deal since I can offset that from different property. Everybody has different opinion and different backgrounds so I respect all. Personally , you gave me a detailed and thoughtful analysis so I really appreciate that. Thinking about retirement is more less with low risk and stable income. Hopefully , it won’t disappoint me.

@Tanner Marsey Hi Tanner , thanks for your idea . I didn’t know I created such an interesting topic . What you have mentioned is what I thought and I hope too . I don’t deny the fact that Positive Cash Flow Property is great investment but it seems like hard to happen in Cali where profit mostly comes from appreciation. San Diego is great city too . I have been there so many times but can’t stop falling in love with SoCal Vibes.

@Eric Lau Thank you for your idea . I bought it for my retirement . Talking about no vacancy , I agree your opinion . Therefore , I try to minimize that by accepting 1 month deposit and try to get good and long term renters. They need to notify me ahead of time before they move out. Plus , this is very high demand for rental property . Some basic methods.

@Robert C. I think so too, it seems like California thing. No Cal is more rigorous in term of cash flow but value keeps rocketing .I used to live in SF too .

@Jamison Conti I agreed . Santa Barbara is such a nice area. I think it's worth it . " Location , location , location."