All Forum Posts by: Frank Wong

White is safer and will appeal to the masses, grey will look good but could back fire trying to get too cute with it. Also grey cabinets getting played out in my opinion. 

LVP all the way through. It looks better, will last longer, attract more rents.  Carpet gets destroyed fast and tenants hate it. Spend more now save money and time later. Invest for the future. 

Doesn't make any sense to do that. If you want a duplex buy a duplex. There is a premium paid because its 4-unit. 

If you need to use fake documents to buy a property you are not financially ready. Don't go down this path, don't justify it in anyway, its fraud. 

Hi Nick,

Yes, tell your realtor about it.  I have so much respect for my clients when they do that. Just be transparent with everything it makes the relationship and situation better. Now if you found an off market deal know that the seller most likely will not be paying a buyer's agent commission.  If you want the help of your agent then you are going to fork up some money to pay the commission. You don't have to and you can finish the purchase yourself it really depends on you. 

Tough choice but I choose responsive. I want my agent to contact me asap and get the necessary info I need. Whats having all the knowledge and experience if I can never get a hold of the person. We are also in a seller's market where you agent needs to be on top of things. 

It all depends what your investment objective is and where you are in your timeline in your investment career. In the beginning you need to leverage because you need to scale and grow. (first 10yrs). In the middle (10-20yrs) the assets really begin to mature and your cash flow is high. You may not want to leverage and take on the necessary risk. In your tail end of your investment career (20yr+) you want zero debt and be chilling with no worries in the world collecting the checks. 

It all starts with that you want and what your goals are.  I am not interested in taking on risks in the later part of my life. I am not interested in accumulating 80+units with loans attached to them. What I am interested is making a ton of free cash flow with zero debt and having the time to spend all the money with no worries.  Different strokes for different folks. No right or wrong way. It all depends on what you want.

@Ozzy Sirimsi  

Bam Ozzy nailed it. Read his post. I would add.  Why would you trust someone with your money to analyze the most important parts of investing?  I get it, its the easy road but if you truly want to make money in this game and take your investing to the next level you gotta do all the important things yourself. 

You need a bunch of a cash then look for under value properties when the time comes which may or may not happen. I think everyone thinks it will be the Big Short 2.0.  I really don't think that will happen I would be shocked.  

You can make any type of property work it just depends on how much effort and time you want to put in. The odds are stacked agains't you for C/D areas. I would not invest in those areas not worth it to me.