All Forum Posts by: Andrew Luong

Hey @Varinder Kumar -

Sounds like exciting times for you! Without understanding the full picture, I would agree with the previous posts regarding the HELOC - as long as the new cash flow covers the HELOC. With that, you'll then also be able to continue the wealth building journey by expanding our portfolio!

Cheers & best of luck,

Andrew

Very good read, thanks a lot for sharing!!

Hey @Axel Ragnarsson - Very cool story and on the same boat here (currently 23 and also 6 units!)

Hey @Daniel Merced - it's nice to meet you!  Welcome to BP from a fellow member from San Francisco + sales background

Hi @Dana Light - It's nice to see you on here!  I've previously worked with Blair on a few deals and am excited to see Arixa on BP.

Hey @Pratik P. -

Very cool that you're looking into Sacramento multifamilities!  I currently own a small portfolio of SFRs and are starting to look towards multifam.  Out of curiosity, do you also own SFRs? 

Cheers,

Andrew

Hi Nancy -

Welcome to BP!  I think I might've come across a listing of yours a while back (if you work on listings that is).

Cheers,

Andrew

Hey Bianca -

Nice work on coming across the deal!

Regarding your question and voicing my opinion here.  The deal looks similar to the returns we're seeing in the Bay Area but with that said, being "overpriced" really depends on your criteria.

Once you determine whether you're buying for cash flow or appreciation, you could then also look at comps to see what the property is worth in comparision to properties around it.  If comps are going for cheaper, then it's overpriced!

Speaking about purchasing - it really depends on what you're looking for specifically!

Cheers,

Andrew

Hey Peter -

Nice to meet you and that sounds like a cool plan!

Though you have much more experience than I do, I'm also on the same ship as you in currently owning buy-and-holds and looking to purchase the first apartment complex with creative financing.

Out of curiosity, in what areas are you looking towards?

Cheers,

Andrew

hey @Joel Florek - nice work on this man! definitely an inspiration as I'm also 22 and am currently on 4 units (4 SFRs) and working towards my first multifam.  would love to chat about the details of your  transaction sometime