All Forum Posts by: Caroline Widjaja

@Lee Ripma Thanks for your advice...I’m planning to buy 1-2 apartment buildings or small retails whichever generate more cash flows.

Just a little background for me: I own 3 Duplex & 5 SFH (acquired for $700K in total) with my partner in just less than 2 years and generating high cash flow of $6K every month from all of my rental properties. All thanks to the perfect timing and perfect team that I got! Without them, I wouldn't be as successful as I am today :)

Now we're thinking to expand our business, but the problem is to find the commercial loan. I don't think we can get approved for $3-5 Million loan with 5% rate. The properties that we have right now are all under our personal names, not company name/LLC (although we formed LLC with my partner). We've only been given to have 16 properties in total (with my partner), so right now we're halfway to max out).

My question is how to find investors to raise Millions $$$? Should I fly to Dubai/UAE or Asian countries to attend Investors Conference? To my surprise, my friend has recently been approved for his $232 Million loan with 3% rate ($2.5 Million monthly payment)! I don't know how he did it, but I am super happy for him, now I feel so poor....haha. I just need to have $3-5 Million loan with 5% rate, not Hundred Million Dollars loan...do you think it's possible?   

 What's exactly syndicated loan as some ppl talked about? Is it the same as Private Equity Waterfall?

Really appreciate your advise, BP Folks! 

This is one of the reasons why I never want to accept Section 8 Tenant. Also, automatic one-year renewal is a No-No. 

Let the lease continue to Month-to-Month. I have a one late-paying tenant like yours too and it's getting much better now. You can charge a late fee after the 5th. 

Why worried? It's time to buy....I'm thinking the stock market is sinking again tomorrow.

I'll buy rental properties while doing some flippings at the same time :)   

Hello everyone, I'm Caroline from LA!  

Hello,

Does anyone try this method yet? I want to know how it works. I'd like to help my clients (first-time home buyers) to get their dream home. HUD stated that as of October 15, FHA will insure mortgages for selected condominium units in projects that are not currently approved. It's designed for a single-unit approval instead of approving the whole units. I assume this procedure should be easier than before. Thank you for all your inputs!

I named it by street name & number, it will make it easier for me when searching for the estimated property value.   

I completely agree with him. You can't expect cash flow in CA, especially in SFH. You only hope for a higher appreciation. If you want to expect a cash flow, you need to invest in MF units or small apt bldgs.