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All Forum Posts by: Aaron Xie

Aaron Xie has started 55 posts and replied 136 times.

Post: LA Area Meetup

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

I will be there. 

Post: Buy property as a company or an individual?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
Hi, BPers, could anyone let me know the pros and cons of buying and holding residential properties under a company, versus under individual? Any thoughts will be greatly appreciated.

Post: Can a foreigner get loan for commercial real estate property in the US?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
Thanks to BP fellows for the inspiring suggestions in my another thread of investment opportunities. This is a continued question from that post: what's the financing options on commercial real estate properties, for foreigners. FYI, I am a Canadian permanent resident. Thanks in advance! :)

Post: Advice on investment opportunities for $700k cash

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
Shawn Holsapple and George Helms , I have a SFH under management in Indy. I am in canada now but fly to Chicago from time to time. How do you compare the SFH, multiunit and commercial real estate market? Is any area I should focus on or avoid? I used to be familiar with the Indy SFH market but that was about 3 years ago.

Post: Advice on investment opportunities for $700k cash

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
Shawn Holsapple and George Helms , I have a SFH under management in Indy. I am in canada now but fly to Chicago from time to time. How do you compare the SFH, multiunit and commercial real estate market? Is any area I should focus on or avoid? I used to be familiar with the Indy SFH market but that was about 3 years ago.

Post: Advice on investment opportunities for $700k cash

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

Ok, here are some places I have been considering for about 1 year:

1) A multi-unit in Logan Square, Chicago, IL. It might be a good area for rental investment, but looks like the price is already high there.

2) A SFH in suburban Los Angeles area, given the strong house price growth there. But looks like the momentum has came to an end there.

Post: Advice on investment opportunities for $700k cash

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
Originally posted by @Joel Owens:

Hard to say without knowing your individual goals and how active/passive you want to be.

Joel, thanks for your reply.

I am targeting at a 10%+ annual return with minimum risk, if that is possible. I don't have much time right now, so may not be actively involved. But I would like to know the options. 

Post: Advice on investment opportunities for $700k cash

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

Hi, BPers, 

   Happy New Year! I have been away from the forum for some time, busy with making my first pot of gold.

   Now I would like to get some idea from you about investment opportunities for $700k cash. Where and what type of real estate properties will be a good choice? It does not have to be real estate, but this is the area I have experience with. I am a Canadian, but I have been in Chicago/Indianapolis for about 10 years for school, and right now frequently travel to Los Angeles. 

   Any thought will be appreciated.   

Post: Is it normal for a management company to withhold repaid rent?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

An update here. Just finished a talk with the PM.

Just as Matt Devincenzo and Sam Jones said, the money is now in a non-interest bearing "escrow" account. The money will be deposited into my account at the time when all corresponding cost is realized.

This sounds like a reasonable answer, and given that they are not the only one doing it, and they are not just doing this to me, so will go with it.

Post: Is it normal for a management company to withhold repaid rent?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
Originally posted by @Yang Xiao:
Aaron,

I see both sides of the argument as I own rentals in Indy and I'm a PM myself. What's the name of the company? I just wonder.

Hi, Yang. It is RPM. Does anyone have similar experience with them?