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All Forum Posts by: Tom Nguyen

Tom Nguyen has started 22 posts and replied 86 times.

Post: 12 Plex Financing- KANSAS City

Tom NguyenPosted
  • Rental Property Investor
  • Austin Tx
  • Posts 89
  • Votes 26

Well Fargo bank now will lend up to 1 millions dollar with 20% down and fix term up to 30 years. Worth to check them out,They usually have higher interest.

  otherwise  most mortgage broker will do Amortize 20-25 year and 5 year term with lower interest .

Post: Four Plex- I want to pull the trigger on this one but should I?

Tom NguyenPosted
  • Rental Property Investor
  • Austin Tx
  • Posts 89
  • Votes 26

Hi 

Base on the rent collected and the purchase price . You are more than 2% rule which is hard to find these day. Most I see is 1% rule which will make your purchase price around $200k. Depend on area, I would buy the deal today before someone else snap it. Good luck 

Post: 27 y/o Female – 50k debt to $1M+ net worth (24 units,50 deals/yr)

Tom NguyenPosted
  • Rental Property Investor
  • Austin Tx
  • Posts 89
  • Votes 26

I am always happy and inspired to see average people make it and make it big in the Real Estate game. Keep up the hard work and waiting to see more successful story. 

Post: Rochester Handyman or Properties Management Services

Tom NguyenPosted
  • Rental Property Investor
  • Austin Tx
  • Posts 89
  • Votes 26

General stuff like replace floor, carpet to vinyl floor , painting wall , kitchen cabinet, repair, replace tub ,..,, small minor stuff .  

Post: Rochester Handyman or Properties Management Services

Tom NguyenPosted
  • Rental Property Investor
  • Austin Tx
  • Posts 89
  • Votes 26

Hello. 

I am looking for some lead on handyman or contractor and good PM provider for small apartments in Rochester Minnesota. 

Please share with me who have you or recommend. 

Thanks 

Post: Financing Multifamily (5+ Units)

Tom NguyenPosted
  • Rental Property Investor
  • Austin Tx
  • Posts 89
  • Votes 26

you can contact wellsfargo and ask for their commercial bank department. they have loan up to $750k with 20% down at 5% . rate actual cheaper than residential 2-4 unit.