All Forum Posts by: Allen Wu

I only go for cash flow and some appreciation properties. Check out Fresno or other surround cities. 

I invest Through them and us MR for all our FL and TX deals. Happy to share my resource there if helpful. 

Highly recommend a solid PM. My PM does all that for me... better to have a process and pay for that since you’re in CA like me.

Have a PM and investor agent. PM me if still need referral. 

@Annie R.

I consider myself passive and semi-passive. Here are my thoughts:

1) true passive = public REITs or just an etf that track a basket of reits, private reits like fund rise, and syndications (I have not dabbled in this yet)

2) Semi Passive = work with an investor agent and hire a property manager. Just make sure you have a solid PM. Example, I work with an investor minded Pm and Agent, to manage the properties. All I have to do is spend hours finding the right property and make sure my pro forma indicates a cash flow. Also, i only invest in class A or B+/B areas. Less headache and more solid tenants. Less cash flow, but worth it for me as I’m more some cash flow + must have some appreciation.

3) Full DIY: just like #2 above but you manage property yourself. No thanks to that for me. I have a demanding job and literally have a property unit less than 4 min away from me, i still have a Pm since I’m so consumed by work. Rather dedicate time to grow my W2 income to buy more properties and leverage my team for that growth. Eventually, when i take a less demanding job, will then probably manage my self and be a true DIY

@Carl Hebert

Thanks Carl! I found a duplex around there for 260k. Seems like a good investment property. Thoughts on that? Pro forma looks solid and will cash flow. I’m just worried about buying at high of market since cape appears to have taken off!

Thanks for the note. The strategy sounds complex and very alternative type of approach. I’ll do some research first and then reach back out of any questions or interest. 

I’m looking at an off market deal in SE Cape Coral off Nicholas Pkwy and country club (by post office and city hall area). Is that a safe and popular area? How would you describe that area? There are some duplexes there and it appears to be decently priced.  

@Jason Kudo

Thanks for your response as usually Jason! You are guru in this space and the Pasadena market as always!

@Jerome Caldito

I do not need cash flow at all right now. But, just starting to review cash flow after reading various books preaching “cash flow”. I rather hold onto this property long term as shortage of affordable housing continue to rise and there is no where in Pasadena to build besides going up. New builds will be expensive, so rather ride this one as there is “value” for renters.