All Forum Posts by: Kevin Zhang

Can you please invite me? I'm very interested.

Thank you!

@Harry Arnold

I totally echo. Thanks for expressing things that I've been wanting to say for a long time. I often see posts or podcasts tilted as "millions of assets, $20K / month cash flow, hundred units at age 25" or "xxxxx within 2 years". It made people believe that real state investment is so easy and achieving financial freedom is a "low hanging fruit" which could happen over night. Definitely it's not. Those are "other people's stories" - they are not necessarily the truth just because they say so on BiggerPockets forum. REI is capital intense and how would a newbie investor invest in a buy and hold deal without steadily W2 income…(I often see posts reaction like "oh I'm 18 years old I want to get into real estate or I want to drop out college into REI). It takes a lot of efforts, education, failures, trial runs, and funds to get to one deal, then to second, then scaling to bigger deals…I always have my grain of salt on those success stories - the strategies they said in those stories in my opinions are mostly very high level, repetitive on the same thing over and over with little enlightening content to me (maybe it's not to others). Their real "know-how" may not be willing to share with others as to how they scale up. To those newbie investors - don't be fooled by those "successful stories" to believe that becoming financial freedom can take place within a few years. There is no quick money in this world. And you don't know their failures, caveats or risks involved behind their successful stories which they won't talk about.

@Candice Jensen

I got 3.375% on a 30-yr fixed on 25% down with 0.25% discount points...I use Huntington bank..if I go with 20% down option, I still get 3.375% but with more discount points paid down

@Jeff Cua

Try State Auto. All my landlord insurance is through them

@Marcus Auerbach

Very well said!

@Amy Raye Rogers

Build to rent homes...

@Nelson Sandidge

I like your thought! Always a double-edged sword...

@JD Martin

Very good points though. Agreed that some of the comments in the article might be just typical sales pitch lol

technology advancement is swift and over time it may very well bring down the cost further. It may not change the way people buy houses but it could over time. Just like in early 2000, C language was once so popular and suddenly it was replaced by different other languages and the software engineer who only adept at C lost their jobs.

Not sure when this 3D printed house will be at scale and how it’s changing supply vs demand picture in the rental market.

Or maybe it’s just like a on-going competition between diesel engine vs electrified battery/fuel cell as we see nowadays. Neither side has overwhelming advantage yet. People still need diesel

I’m just hoping that yes for most homebuyers , 3D printed houses can be viewed as an option but not in a way to crushing the landlord / rental market...

@Waylon Zook

Hello - here is the link again from CNBC. Or search on google “3D printed house”

https://www.cnbc.com/2021/03/12/3d-printed-housing-developments-suddenly-take-off-heres-what-they-look-like.html

The article says the cost is 10%-30% cheaper and several months faster than traditional builder. It does look like they are building both exterior and interior.

Will you still keep your investment path as is or adjust the course of action?

Hi BP Community

I kept reading the news that 3D printed houses are taking off (first in NYC, now in TX). See below link. How is this going to affect the house price? And what actions should we take now?

https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/12/3d-printed-housing-developments-suddenly-take-off-heres-what-they-look-like.html