All Forum Posts by: Dennis Vo

@Joe Cassandra, yes there is much uncertainty in our economy at the moment, but isn't this the best time for investors to get actively involved?  There are a few big companies in the energy sectors (as well as other industries) that will have a high chance of surviving the storm, and you can pickup their stocks for a 1/3 of their original prices (which you will never dream of buying those stocks at that value a few months ago).  If you diversified your selections well, the ROIs in the future with all the "qualified dividends and growth" will be phenomenal.

I am still investing in my 401(K), simple IRA, Roth IRA, and Real Estate, but will diversify my portfolio with stocks when the value is this low.

Opportunity + Research + Risk = Reward 

Peace and good luck

@David,

$81/sf for new construction ADU is extremely low... beware of incomplete project (I have seen too many of those). We built over 20 ADUs in OC and LA, and the average pricing is +/- $180/sf turnkey, and +/- $80/sf for converting garage into JADU; so I don't know how your contractor can complete your new ADU at the price. I would love to hire him everyday.

@Andy Brohard, great work and thanks for the information

@Alex Hepp, my partner and I built/building a few of these ADUs in OC, and every city has its own requirements; so check with them for their regulations.  Be mindful with the permit fees and underground utilities, because those can add up tremendously.

Good luck

@Joel Owens, I helped my sister renovated her house in Houston a few years ago, and I couldn't understand how anyone could work in the extreme humidity weather?  I really feel for guys/gals whom have to work outdoor to earn their living in Houston or places like that with high humidity.

OC, California has its pros and cons, but as a contractor, there are ssooo much work here, and the fees are very well paid.   The weather allows us to work and play year round.  Although housing is high, but you can buy home here, except you have to be smart to purchase home at the soft market... and not fighting with RE speculators during seller market.

@Susan Grayson, REI is a fantastic vehicle to financial freedom, but new investors should understand the game a little more before tackling complicated projects.

I wish you do well in REI, and learn as much as you can from small-simple properties before placing a large sum of money on bigger projects.

Best wishes

Thanks Charles for numerous advice and suggestions.  I really enjoy it.

@Justin Wotring, welcome to BP.

Do not invest with Morris Investment in Indy if you ever decided to invest OOS.  His YouTube channel and podcast are scamming too many new investors.

Good luck

@Michael Wolffs, congratulations on the 4-plex.

I also interested on your rehabbed journey as well.

Good luck

@David Olson, I read your brief bio, and congratulations on your newlywed !!!

As I have mentioned to Amber, there are numerous of opportunities in Houston; especially with multifamily. I am quite sure about SFR, because the return is too low for all the management you have to endure. Multifamily, on the other hand, is much better because of the volume. General pricing over Houston market is relative high for turnkey properties, that's why you can only make good investment if you can put in the work and earn from sweat equity. I saw a few inexpensive properties from Hunter that need tons of work, but they are in potential areas in Houston, that can generate good return if you can rehab those properties.

@Amber Koontz, thank you for your kind words.  I will definitely let you know if I ever decided to invest in Houston.  I hope to eventually get used to the Houston humidity :-)

Cheers