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All Forum Posts by: Zeliang Zheng

Zeliang Zheng has started 10 posts and replied 18 times.

Hi, I am looking to do cash out refi for one of my properties. However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those. My question is will such paper loss impact the cash out refi process?

Quote from @JC Coskun:

Hi Zeliang, this is one that I am aware of that will take place this Wednesday. If you are going, feel free to let me know. I may go.

https://www.meetup.com/bpg-residential-investor-meet-up/even...

Thank you. I was in meetup website before and did not find anything meaningful. With your link, I finally was able to find events that people are actually attending. 

Does anyone know any networking event for real estate investor in DC area?

Quote from @April Rae:

Hey there,

Finding markets that still cash flow after a maximum cash-out refinance, especially in a high-interest-rate environment, can be challenging but not impossible. Here are a few strategies and markets that investors commonly consider:

  1. Secondary Markets: Look for markets outside of major cities where property prices are more affordable, and rental demand is strong. These markets often have lower competition and can offer higher cash flow potential.
  2. Midwest and Southern Markets: States like Ohio, Indiana, Tennessee, and Alabama often have lower property prices and can provide better cash flow opportunities, even with higher interest rates.
  3. Value-Add Properties: Focus on properties that need significant renovations or improvements. By increasing the property's value through renovations, you can potentially increase rental income and improve cash flow.
  4. Long-Term Rental Demand: Consider markets with strong long-term rental demand, such as college towns, military towns, or areas with growing industries. These markets can provide more stable rental income even with higher interest rates.
  5. Creative Financing: Explore creative financing options such as seller financing, private money lenders, or partnerships to reduce the amount of cash you need to invest upfront and improve cash flow.

It's also good to conduct thorough market research, analyze rental comps, vacancy rates, and property management costs to ensure that the property will cash flow effectively. Additionally, working with a local real estate agent or property manager who understands the market can provide valuable insights and help you make informed decisions.


 Thank you April. That's really helpful. 

Quote from @Samuel Diouf:

Dayton, Oh is a market you should look into. There is an abundant amount of deals beating the 1% rule there. The price to enter is extremely low compared to other markets in the U.S. With the cost of living 9.8% lower than the national average. There are some great competitive advantages when entering from OOS.


 Thank you Samuel. I will definitely check out Dayton OH market.

Quote from @Travis Biziorek:

Hey Zeliang, you'll be looking in the Midwest for sure. But even parts of the Midwest are getting tougher.

I operate almost exclusively in Detroit and we're still doing a lot of cash flowing deals there even after 75% LTV refinances. You're generally seeing $150-$200/door unless you do a really strong BRRRR and pull out most/all of your capital (then it tends to be less).

One thing to note... be sure you're doing your cash flow calcs correctly. A lot of people don't account for all of their expenses and think something will cash flow that actually doesn't.


 Thank you Travis. I will check out Detroit.

Quote from @Jake Baker:

 Hi Jake, thank you for the article. Just finished reading. Great article full of information. 

Hi, given high interest rate, does anyone know which market still cashflow after maximum cashout refi, which is 75% of ARV?

Quote from @Alan Asriants:

@Zeliang Zheng

Hey Zeliang! I’d be happy to connect and help guide you in the Philadelphia market!


 Hi Alan, thank you. I have a scheduled call with you on Wednesday. I will talk to you soon.

Hi I am looking for an investor friendly agent who is expert in Philadelphia market. I am looking to BRRRR small multi-family units. Let's connect if you are the right fit.