All Forum Posts by: David Zheng

@Jerry Poon

I started investing in Dec. 2015 with buy and holds

I invest in the Midwest.

@Jon Q. But actually if you can help me find a painter next time for a similar job and negotiate that kind of price, I'll give you 15% of the money I save just for negotiating for me haha

I'm going to go the total unhumble way about this and give you some solid numbers because it will probably motivate you more as it motivates me

I'm at a full time right now at 70k salary but my monthly cashflow from rentals alone after piti, investors, expenses, etc. is 9.5k/month. Obviously much higher than my paycheck but I don't forsee myself quitting anytime soon. I would like to get to 20k before I consider stepping down to a part time employee.

Reason being, as a single young male, I want to live the high life. yup exotic cars, beach front properties, traveling when I want to etc.

Willing to sacrifice a lot of my younger life to live a much more comfortable 60+ years

@Jon Q. Really? I talked to 4 different painters and they were all in the 10-15k range for that space. Is Cali really that cheap that you can get wall to ceiling/trim painted over 3500 sq. painted for only 5k?

I just got a 3 unit multifamily done. Its about 1150 sq. ft per unit with 9 foot high ceilings.

My quote was 9500 for everything wall to wall ceiling to floor and trim. All the same color (gray on walls, ceiling and trim white)

They did a bomb job so hope that helps you gauge

Awesome story!!! Congrats!

@Clay Chandler for me surprisingly SFH houses do better. I cashflow around 1.5k/month after all expenses, piti, etc. for a 5 bedroom house. usually I look for 250-300 of cashflow/person. I don't like counting it by units.

I've been thinking about this as well but it seems I need to have a high taxable income to continue qualifying for loans on new purchases. so I might actually be looking to pay more taxes...sad.

You will miss so many opportunities waiting and waiting. I like to reinvest as soon as I have capital if its a really good deal. You never know what the future will hold so do what you can with what you have now.

@Kimberly H. The thing is I actually found out this is the best learning method for me. To muddle through things myself first. I realized that in college and hs that following a long a teacher, I thought I knew the material and even when I listened to questions and asked them, I didn't actually fully understand until the tests destroyed me.
It makes it a lot easier trying to follow along but I don't retain as much and its so second nature to them it seems dumbed down and not the real deal.

If it really is that much more difficult I'll have an accountant ready to solve my problems haha