All Forum Posts by: Duc Ong

Awesome graphic!

@Ernest Mallonga Inspiring story! I'm also an immigrant from Vietnam, so I always appreciate the struggle to make something from nothing. I agree that the VA house-hack is one of the best strategies out there for those that qualify.

@Yosselyn De Abreu sounds great! I'm also looking at large multi-family. Let's chat soon

@Johnny Thompson I'm an investor in town. Let's meet up!

@Yosselyn De Abreu welcome to BP! For the VA, you could do a house hack here and be in it for 0 down. But, it would need to be a primary residence, so you wouldn't be able to use that on the mainland. As for mainland, Atlanta seems like a good option, given the growth there. Let me know if you want to chat!

I would second what @Chris Chantavong said, as it's much better to buy when you are bankable.  The risk of renting first and waiting, is that rates will most likely be higher in a year. Given the softening in the market, I would imagine you can negotiate better now than before.  

I'd be interested in meeting up. I'm looking to do AirBnb on one of the units of a future purchase this year.  I'm also an agent and can share what I know about laws as well. Keep me posted!

@Brian Kispert I'm also a high school teacher and investor.  I would recommend finding something that could qualify for a convention loan that requires some updating.  After doing the updating, run the other rooms as short term rental, and if the numbers work, you could live for free. 

@Shiv Jey

If you are looking for cashflow on Oahu, there are 2 ways: short term rental and multi-unit.  Either would require a hefty down payment, but if you have the liquidity, it could work.  Of course, these are not that easy to find, and there are many obstacles to work through in order to get it to work.  It just depends on your criteria. Let me know if I can help!

I would apply for a HELOC, and try to lock in a promo rate while they are still relatively low. This would give you a cushion, without having to pay interest on it.