All Forum Posts by: Alvin Uy

Im netting $5K a month now with only four-SFR + one-4plex in Los Angeles (where there is Rent Control)...And some of my units are under market rent. Most of these have been purchased within the past 5-6 years. Not to mention, I have gained over 3.5M within the past 9yrs in appreciation equity. So... Yes, you can do this if you pick the right market and have the right strategy and the right entry point... especially if you go MF direction!! I did all mine just passively buying here and there... not even going actively full force. If you can BRRRR at the right market and do it full time. You will kill it.

Just curious if you pulled the trigger on these areas and what your experience have been like.  Im looking to invest in them as well...  just read that Arlington TX is listed as one of the top 10 hottest areas in all of US for 2019. 

@Anderson Godstime

Been there done that... but I actually prefer to manage and trade my own options.

@Steve Graves.

Yes, existing structure/ garage to ADU conversion is the smarter play when it comes to ADU because those are grandfathered in. I was referring to addition of new ADU structures because Ive ran into those rear setback restrictions in my some of my flips and ground-up builds... unless theres an alley in the back of the lot. Ive also ran into issues being too close to power/utility pole in the rear being a restriction which means no livable area within 15ft and no second stories.. So it all depends on each lot actually.

Quick questions...

Are u able to BRRRR all your money out and cashflow in the areas your investing in?

Whats the average rent and price/rent ratio?

And Whats the tenant pool and vacancy rate like?

@Justin Kurpius

Thanks for the input... yes, i thought about cash out refi option for the longest time.

But since all my mortgage 1st loans interest rates are in the low to mid 3% range. I chose not to touch any of them and decide to leverage the equity through HELOC would be the smarter play for me. I just need to make sure I dont over-leverage.

@Ryan Fox

Great suggestion. My primary will easily cashflow if I rent it out so I cant imagine selling it. My other business ventures are all in CA and still rely on my presence, unfortunately. But most importantly, It would also be difficult to uproot my family, which is the bigger decision. California weather is hard to beat... not sure my wife would be happy living in NV. Happy wife happy life. Lol!

@Dirk Jackson

Hmmm. Im still looking into this.... im not sure this is the best application or strategy for me. Because one of my HELOCs are from my investment properties with rates at 7.25% and with potential rising interest rates, i feel like i need a more short time strategy.

Im no mathematician so, im not sure it will work for me.

Yes.  Im aware of this accelerated loan paydown “velocity banking” you mentioned.  Im looking into it..  

im also using some funds to flip now to generate some quick cash to use for long term holds.   

@Renat S. What projects are you working on. Local Socal projects?!

@Rob Milliken

Interesting suggestion. I will have to think about this one.