All Forum Posts by: Angus Yang

Looking forward to listening to this! Really enjoyed your podcast on BP, I'm sure this podcast will be amazing!

Thanks for sharing!

Hey Rahul,

I'm interested! Sending you a connect request now :)

Incredible story Johnny, congrats on all of the success! Did you buy all of your properties in VA?

"What do you think sets you apart from investors that never get started?" ;)

I'm a big fan of MFHs and will be looking to acquire a few OOS soon if you have any tips on how you were able to acquire so many so quickly!

Hey Dominic, 

Great to hear you want to start out early! Expensive is relative to the person asking it, so it depends if you have money for a downpayment and if you can find the right deal. 

There are definitely properties that will cashflow but you'll want to have 20% down. I've personally tried going down the FHA route and it's so much harder to make the numbers work especially since most of the MFHs I've seen are at least 500+ and that's on the lower end.

Are you planning on living in one of the units as well? Lots of different things to consider, feel free to ping me if you want to connect.

Thanks for sharing your story @Billy Maloney, you were a big help with getting me started, I'm sure this story will inspire others past analysis paralysis as well.

Great to see you're doing well and awesome to hear you've been working with David Greene, I just started reading his book too :)

Hey Michael, I’m interested too, could you please add me to the list? [email protected] Thank you!

You can definitely cash flow here, @Account Closed can attest to that.

I'd say you have a much better chance at cash flowing in Multifamily units vs SFHs. I'd at least get one place here to house hack, after all you're paying rent to someone, it might as well be yourself. Then with the remaining money, there is a much lower barrier to entry in OOS properties that's true but you really have to know the market if you're planning on investing OOS. 

If you buy right, you can cash flow with 20% down on MF units, I'd recommend just finding some properties and running it through the rental property calculator to see.

Curious as to how you can up with the 700k and 1 Mil numbers for buying a Condo/SFH.

What areas are you looking at and how big are these homes? It seems like a huge price tag to be paying if it's just some place that you'd be living in. Spending that amount of money on your own residence is going to limit your options to invest later on too so it's something to consider.

I believe you can use an FHA more than once depending on certain circumstances, one of them is if you move to another state. So in this scenario, I’d start with a FHA in California if you plan on staying for a while so you can house hack, it’ll be hard to find good cash on cash returns though (I’m also in the Bay Area and looking). Depending on how much rent is costing you now, you could just start with oos investing now, but it’ll be hard since it is your first property.

Hey @Nhi Nguyen, super kind of you to volunteer to show people the ropes.

I'd love to tag along and learn! Happy to buy you lunch/dinner in return. I'll send you a DM.