All Forum Posts by: Adrian Chu
Adrian Chu has started 76 posts and replied 1372 times.
Post: Starting the Process of House Hacking

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Time in school counts towards your 2 year employment history for most types of loans.
Post: New Member from the Bay area

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Welcome. What are some of your goals?
Post: Local Meetups in the Bay Area, CA

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Quote from @Arron Paulino:
Hello! I am looking for tips on starting a local meetup group in the Bay Area, CA specifically in the Peninsula neighborhood. The only meetups I have been able to find are located in the East Bay or the San Jose area. I'm surprised there isn't one happening in my neighborhood. Any tips on how to begin and not have it be expensive to start? I am looking to network with like-minded investors looking to get into the real estate investing game or experienced investors willing to share their tips from their journey.
@Brenda Chen hosts regular meetups in SF and surrounding areas.
Post: help with a question

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Quote from @Jad Rahouly:
Hey, if there are any good real estate investors who can answer my question it would be great. So I'm 20 years old and Im learning about the real estate investing business but i don't know if I should dive straight to investing or if I should do fix and flip first or maybe wholesaling and then start investing?
For fix and flips, do you have capital to invest or construction skills? If so, you could explore that in parallel.
Post: Recently Laid Off / Am I Crazy to Buy FL Investment Property All Cash?

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
1/5 of your portfolio is fine IMO. You will still have sufficient reserves.
Post: Looking for meetups

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
@Brenda Chen hosts regular meetups in SF.
Post: Considering these syndications - pros and cons

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Quote from @Becca F.:
I've been investing in the Bay Area (1 SFH solely owned and 1 multi-unit, co-owned) and Indianapolis metro area (2 SFHs). I made several offers in Indy since this summer with an attempt to BRRRR (in a non-typical way) which fell out of contract. I think for me doing a renovation OOS is too much stress even it's better to value add than buying turnkey. Most of the properties I've run numbers on in Indy will either break even or be -$100 to -$200 a month with the current interest rates. I don't think I need to buy 50 or 100 properties to reach my financial freedom number (semi-retire by working on a very part time basis or retire early) nor would I want to own 100 properties. I think going more for cash flow right now might be better or maybe I'm wrong about that.
I'm an accredited investor so I'm thinking going the syndication route might be better. My one hesitation is that I'm putting the decision making into someone else's hands.
I talked to a rep from Passive Investing and the PIC Alliance Fund or Real Estate Public Debt Fund sound like possibilities
https://www.passiveinvesting.com/
https://offerings.passiveinvesting.com/pic-alliance-fund
https://offerings.passiveinvesting.com/pic-fund-i
I'm getting on a call with someone from Commune Capital and they're investing into building multi-units in Southern California and self storage.
https://communecapital.com/investments/
Thoughts about these two? I've also heard commercial real estate is having a tough time so should I stay away from apartment building syndications? Has anyone invested in syndications and what should I look for?
Post: Investing in California - pros and cons

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
What are your goals?
Post: SF medium term rentals

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
What's the thought process in favor of doing MTR?
Post: Fix and Flip in NE Seattle's View Ridge neighborhood

- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Investment Info:
Single-family residence fix & flip investment.
Sale price: $1,970,000
Ginormous fully remodeled in desirable View Ridge. 5,070 SF home situated on a spacious 6,930 SF lot with city views, stately curb appeal, and a spacious patio and fully fenced backyard. 6 bedrooms / 4.25 bathrooms.
What made you interested in investing in this type of deal?
I love doing deals in Seattle, especially in NE Seattle
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Hard money
How did you add value to the deal?
The previous owner started a remodel project, we finished it and added our own finishing touches given the existing constraints
What was the outcome?
We sold the home
Lessons learned? Challenges?
Re-designing the home based on conditions that are already in-place
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Specialty Real Estate Group
