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Updated over 6 years ago on . Most recent reply

User Stats

56
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David Chung
  • Lender
  • Orange County, CA
14
Votes |
56
Posts

New Member - Orange County, CA - looking to help if I can

David Chung
  • Lender
  • Orange County, CA
Posted

Hi all,

My name is David Chung and I'm a new member here on BiggerPockets! I'm a licensed Realtor in Orange County, CA, and have been since 2003, however I've never really used my license for real estate sales - it was just a way for me to look at the MLS. I've been working in mortgage servicing for most of my career. I worked for a subprime lender from 2004-2006 in their REO dept, and later I worked at Fannie Mae, also in their REO dept until 2015. Currently I'm working for a crowdfunder in underwriting.

I'm also in the process of selling my first rental in OC, I'll post details about that elsewhere.

I joined BiggerPockets to learn more about investing personally as opposed to on a corporate level. This is more important lately for me as I find myself wanting more to get into the financial independence mode, and having listened to the podcast am now interested in trying to BRRRR with lower cost assets than what's available around me. As I'm learning, I'm happy to lend my experience in underwriting private money and corporate real estate management and dispositions where I can and where it makes sense. I'd love to learn more about tax liens and investing out of state, so I'll look for posts about those topics.

Additional Bio info:  I'm also an MBA from UCI and a CA notary public.

  • David Chung
  • [email protected]
  • 714-334-8110
  • Most Popular Reply

    User Stats

    6,241
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    3,801
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    Aaron K.
    • Specialist
    • Riverside, CA
    3,801
    Votes |
    6,241
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    Aaron K.
    • Specialist
    • Riverside, CA
    Replied

    It seems like you've got the knowledge and are in a good position.  The only thing I might suggest is holding off on selling your OC rental until you have the next property lined up so that you can do a 1031 exchange and defer some taxes.

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