All Forum Posts by: Brandon Zeng

Dear All, I WOULD LIKE TO CHECK WITH RENTAL PROPERTIES INVESTORS WHO LOOK AT DWF AREA. WHAT‘S THE MINIMUM CASH ON CASH RETURN YOU ARE USUALLY AIMING FOR? AS MY REALTOR KEEPS RECOMMENDING PROPERTIES (AT PLANO, MCKINNEY, ALAN,ETC) WITHIN LESS THAN 3% CoC RETURN TO ME, HE WANTS ME TO STAY ON THE SAFE ZONES BECAUSE I AM OOS. ARE THERE ANY OTHER AREAS WHERE I CAN EXPECT BETTER CASH FLOW BUT STILL BE “SAFE“ ? I HOPE TO GET A HIGHER CoC RETURN, SAYING 7%~10%. THANKS!

@James Gates congrats! Would you please share how you estimated the rehab cost and mananged the rehabbing OOS?

@Collin Schwartz thanks for your kind sharing. These are invaluable knowledge. Could you share a bit more how you choose your properties (like what kind of neighbourhood, year, xbedsx bath,etc) and what cash on cash return you usually look at? How do you usually deal with the bargain with owners? Thanks!

@Troy Williams sorry for the late reply. Just saw your message. Happy to connect to share more know-how:) I have sent you the request for both.

@Kevin Grinstead thanks Kevin! Would love to know more. Please inbox me the information:)

@Alex Bekeza that sounds cool. Actually I don’t stay in Denver now but I wil visit Denver late Sep. Please let me know if you stop by:))

@Alex Bekeza thanks Alex! Your suggestion is very helpful. I will consider to do that. Hope one day I can buy you a coffee:)

@Alex Bekeza BTW, to answer your question, I don’t have any credit history in the State but I have in my home country.

@Alex Bekeza thanks for your answer amd sorry for the late reply. Seems I couldn’t receive any notifications for the reply. Actually I’m looking for SRH as rental properties. My goal is accumulating $2,000 net cash flow in 2 years and $10000 in 5-10 years. I would also like to help my FRIENDS on RE investment. Currently I am working with realtors in Dallas and Denver. Due to the credit issue, I can’t get a good option of loan to cash flow the potential properties. I heard one way to build up credit for foreigners is buy a property first (maybe a relatively cheaper one) and pay for the mortgage on time each month. What do you think? Thanks! Brandon

@Alex Bekeza thanks for your advice. That makes sense. I am China national and I already have a US bank account. How do you suggest a foreign national to build up credit in US? Thanks!