All Forum Posts by: David Zheng

@Ryan Peach if you are potentially looking around STL, I have a great house for sale! occupied, rented, and cashflowing 1k+ a month. shoot me a message if interested

Makes me think of bitcoin when I read this haha

@Ryan Evans

Congrats Sir! Looks like you've been living the dream and doing it efficiently. I just think it's funny how some of the older folk don't see the humor in what you posted and are quick to find "flaws". Keep up the great work and show em  how its done

Putting some non-technical encouragement out there but I've always wanted to build a tiny house and this seems like a good opportunity. Please share your experience if you do undertake it!

In general I think they were all just say congrats!! and leave it at that. I've worked with a couple business banks and one of them has a good relationship with me. bought a place for 475k and appraised for 575k. Asked if I could without some of my DP and they said it was too soon. However, he mentioned in a year, if the rental is still performing they would let me take money out.

maybe its cause I'm young and single...but I totally want a freaking big house and nice cars in a glamorous city. and Yes I'm totally hustling my A$$ off to get there haha. I mean lets say I make it there and I realize I don't care much for that stuff....

well I should have built a huge business/cash reserve then to use on whatever interests me.

use the envy to drive your ambitions.

I actually purchased my most recent home for myself through my solely owned LLC. (couldn't get conventional financing). Terms suck but the hope is to refinance soon. Following along!

I'll give you my experience on a smaller scale.

bought a 3 unit building with all knob and tube. Usually its fine to have that as long as you aren't busting down walls and breaking crap.

However I still wanted to upgrade the units (minus ceiling lights) to not knob and tube. all 3 units (4b1b/1300 sqft units) cost me about 15k to replace wiring.

I would almost always secure funding first before I look for a deal as most agents as for a pre approval before offers anyways. Worst case you can lost up to inspection/appraisal/earnest money if you cant get funding.


like most people said, you can try to qualify through first home buyer programs, but it seems like where you're suffering is from your DTI. the only other thing you can do in that case is fork over a much higher downpayment or get rid of all your current monthly debt. Don't forget to use "gift" money if you have family that can give it to you.


In the end, you just have to call a lot of lenders/banks and be upfront. Some deals I had to call 20 banks until I got one to lend to me.

Awesome job! glad to see another young'un killing the game. and I love the fact that you are going to keep grinding your full time to grow and not settle.