All Forum Posts by: Allen Wu

@John Mocker

Thanks John! Good views from insurance perspective!

@JD Martin

Great advice!

@Katie Huynh

Depends on market in Los Angeles, you’ll see 100-300k above listing.

@Justin Thorpe

Is it Texas and Florida?

@Matt May

Primary resident for now. It's a condo. Maybe flip to an investment in 8 years when I upgrade to a SFH. It's so expensive for a SFH in Pasadena and could not get a solid price / home. So parking in a condo for now.

Good news is that based on Zillow comps, it should rent out and cover the mortgage / tax / HoA / insurance for now. No cash flow though or covering accruals though.

@Matt May

Seller is selling because they are buying another new build. Yes agent represented on sell side. Thanks for the feedback!

Hello,

I know this is not really investment related, but I will be closing on a primary residence property. The seller is asking for a “lease back” option for a few weeks since they need to find a place. Is this common? Any risk especially with COVID eviction moratorium? 

Appreciate any experience or inputs here. I’m in Los Angeles area and my biggest fear is closing on this home and now have nightmares trying to boot someone. This property will be in the Pasadena, CA area. 

@Seth Nadreau

Are you still in cape coral during these hot markets? Still hold buy and hold?

@Quyen Nguyen

Did you end up investing in Cape Coral? Any feedback?

@Emily Wu

Did you end up closing in Cape Coral?