All Forum Posts by: Yuhung Lin

Thank you Gerald, dated back two months ago, I listened one of my investor friend saying if I really like to live in Florida I should move to Jacksonville. The REI market is so strong. I didn't regret but I understand here in Jax and anywhere in FL somewhat I have to put roofing and HVAC works into my rehab necessities because the climate condition (strong storm and salt from the sea). So the budget to do the repair is already higher and good deals with seller willing to lower their price are rare. So I shift my focus to North Carolina (Raleigh, Durham and Chapel Hill and Charlotte). Seems it's close I can go there every week to oversee my rehab and some deals are ideal.

Eric , what you said is 100% true. Back to 2-3 years ago you will hear people share successful stories earning huge profit from one flip. Now seems like nobody will get them into trouble to sell their residences unless something catastrophically happen to their lives, financially, mentally. So it is been tough to find a great deal to flip. 

@Eric Delcol

When I decided to move to Jacksonville FL,  I joined the meet up group of JAXREIM. Through so many deals post and the discussion, I really found out what is the Jacksonville market looks like? First of all, today's market is extremely competitive, good deal is really hard to find in Phoenix and Jax here, took me half year to understand. But the way these investors doing business is : constantly there will have lot of wholesalers finding cheap properties in the so-called 2-3 grade neighbor hood, they earn the wholesaler fee and the flipper buy the house and only renovate enough to looks nice, spend 20-30k at most and earn 10 to 20k most from the transaction after selling the house. They try to repeat what they do as soon as possible so that the small margin they earn from investing can accumulate good enough to their goals (good wholesaler can have 30 deals a year). The resell seems no problem and the properties under contract from the wholesaler just keep coming up. Made me realize this is really a turnkey market because lost of people looking for the cheap houses (80-160k) and a huge population of people live here are in need looking of rental properties.      

Hello Dr. Robert.

I am interested in your waterfront lot. Would you send the information to [email protected]

Thanks a lot.

Hello Michael, thanks for your reply. My wife and I tasted the sweetness from buying a condo during my study in Fort Collins CO. Then we are here at Phoenix and strive to find properties and fix and flip. We were approached by Cody Sperber and the fortune builder. Fortunately we spent less and focus on digging education resources at BP. People like you guys share tremendous insights and I appreciate so much.    

Cannot believe it, our forefather of this real estate investing, Robert Kiyosaki predicts the next crush is under way. He is even teaching people how to prevent from portfolio losses. I get the facebook advertisement from his company richdadreport.com today.

If I am only picking up my deals starting from this year, how can I sustain from the crush, I know I can always dump the wholesale deals to somebodies else if I am willing to earn little profits from them, says 5k-7k. But what about all those buy and hold investors, are they worrying now and stop buying multiple families? If they acquired the properties between 2009 and 2010, they are safe in one standpoint is that their purchase cost was low, but how about the loan they are taking ? Will the crush effect them at all ?