All Forum Posts by: Henry Liu

Hi @Sandra Moreno,

Welcome to BP. I am a newbie myself and I found the local meetup that is hosted @Johnson H. really helpful. Everyone at the meet up is really friendly and willing too share their experiences. I will be attending this Friday. I hope to see you there!

Hi,

I attended the San Jose Meetup yesterday. What a great experience! This is my first REI meetup, I really appreciate the welcoming atmosphere. I gained valuable information and relationship in this incredible experience.

@Johnson H. thank you for hosting this wonderful meetup!

Hi Chris,

That is excellent advice on the VA loans! Working part time for a property management company is definitely something to consider.

I want to take advantage of the VA loan in anyway I can, so I can keep as much cash on hand as possible.

I currently own a 3 bedroom and 2 1/2 bath home. I am thinking purchasing a second home using the VA loan to live in. I can rent out my current home to pay off my current mortgage and expenses.

The trade off is I am expecting to have higher mortgage payment with the new house because the price in the Bay Area have gone insane. 

Hi Bigger Pockets community,

I discovered Bigger Pockets podcast for about a month now and I am listening to them religiously. I am currently on show #73 (very good episode so far).  

I have very little actual Real Estate experience. In the pass, I only shadowed a Real Estate Agent for a few week to help out some open houses and showings. I call it quits because at the time I needed a steady paycheck.

Now I want to try my hand into real estate investing!

The areas I want to focus on are San Jose, Milpitas, Union City, and Hayward.

Here is my plan! Any helpful advice will be welcomed. 

1. 1) Research and Learn your area
   • Go to 100 open house/visits in Bay Area, CA (Feb 2016-Sept 2016)
   • Learn to find deals
   • Go to meetups/real estate groups
   • Read 3 real estate books
2. 2) Analyze Real Estate deals
   • Find our strategy in my areas
3. 3) Manage our finance
   • Defining our cash flow
   • Manage  down payment
   • VA loan maybe?
   • Find the best institution for me
4. 4) Find an Agent
   • Specialist foreclosures
   • Work with investor
5. 5) Find a contractor
   • Honest
6. 6) Create legal documents for landlord
   • I have no idea etc?
   • Landlord agreement?
   • Evictions?
7. 7) Find a property manager
8. 8) A lot of I don't knows

Thanks for the help all!

Hobbies: martial arts, movies, and talk about how I want to be a real estate investor.