All Forum Posts by: Vinh Huynh

@Brian Bellanca Hey Brian , thank you for your sharing. Thank you for your idea on how to cut cost and raising profit . Yes , LA is getting more and more expensive in term of housing. It's hard to get positive cash flow over here . I am thinking my rental property will be my retirement so I keep it for long term . There are several reasons I would like to keep this property :

1) This is nice area and personally I think I would bet on appreciation. (around 3 % per year) . It still has some potential to grow. 

2) I am not type of high risk taker so for me going out of state to invest some cash flow area wouldn't good idea. I do know that high risk , high reward . If that's the case , I would like to choose : Stocks, ETFs or mutual fund.

3) Personally I think this area is more attractive to renters so the turn over will be low. 

Anyways , again thank for sharing your tips and would like to hear more from you and everyone . 

@Thomas S. Hi Thomas , you are right . I haven't included the maintenance fee for my property but to be honest , the old owner has remodeled and fixed all the major damages ( roofing , plumbing and flooring) . I have rent it out for over a year but I haven't paid anything for maintenance yet . 

@Johann Jells Hi Johann, thank you for your sharing . I do agree that its hard to find positive cashflow in our area . What I am expecting for is the same what your shared : high value area , hight rent and easy to attract the renters. I am treating it as my retirement too so I would say this is my low risk investment. 

@Joe Villeneuve I agree that I am losing money now but to be honest , with the house value keep going up in California , it's hard to find positive cashflow market in my area ,unless , you need to put more down payment . For those houses that can give me positive cashflow , it's not really attractive for renters or it is not in nice area. I think I should treat it like my retirement . 

@Joe Villeneuve thank you for your suggestion . The only thing I am thinking right now is I can gradually raise the rent to cover up the expense . 

@Alex S. It's single family home with 3 bed 2 bath . 

@Jason D. I see . The only thing I am thinking right now is waiting for raising rent gradually to cover up my expenses . 

Hi BP, 

I've just bought a property in Rancho Cucamonga in California  and rent it out from last year. Since I live in Southern California, the price of real estate is kind of high. Therefore , although I've already put 25% for my down payment and the value of the house is about $500k , I've still got month negative cash flow. I rent it for $ 2,200 but my expense is around $2,500 ( included tax , property management fees, insurance and mortgage).  I would like to listen to your advise how to make cashflow break even or become positive. Thank you 

@Justin Kane will do . Thank you

@Hubert Kim thank you for your info