All Forum Posts by: Duc Ong

@Kory Sheldahl Looks like a good investment, and great job on the remodel!

@Daniel Kong hit the nail on the head. I usually advise clients to avoid leasehold for investment purposes. This is even more true in this new environment that we're entering.

@Courtney Wenzel I think now is the time to be conservative and prepare for potential deals that might become available from the fallout of this contraction. Value add is generally a good strategy, but there is a lot of uncertainty currently, as far as ARV's.

@Alex Freelove I agree with what @Manaia Alalamua said. Please consult your CPA. 

Selling your CA house and not paying capital gains tax is a function of your having lived there as a primary residence for 2 out of the last 5 years. This is independent of the HI transaction. 

Yes, Equity = Sales Price - Mortgage Amount - Closing Costs

@David Valladares I agree that house-hacking is the way to go, to build wealth faster, particularly because you would be decreasing your own housing expenses.

@Alex Freelove One metric to consider is your return on equity, which is the return divided by the amount of equity you have in the deal. Maximizing this should help you make a better decision.

@Anthony Glover Two of my partners are in the military, and we host a monthly meetup on Multi-family in Honolulu. Once we finalize the plans, I'll post on here and the various social channels. Hope to see you there!

@Brenden Mitchum Awesome that you made the move! Atlanta should be a great market to invest in.

@David Dong I would advise reading up on the laws and consult an attorney. 

@Mike Cavaggioni We usually do it on Tuesday nights. The next one will probably be on 4/14, pending location. Most likely it will be in Kakaako.