All Forum Posts by: Hung T Nguyen
Hung T Nguyen has started 3 posts and replied 16 times.
Post: Analyzing rental occupancy rate/demand
- Posts 17
- Votes 4
Quote from @Ben Firstenberg:
@Josh Milewski is pretty much spot on. His point about local PMs is good too. This may also help you find the PM you'll use for your investment, which is a great thing to do ahead of time. If you've found someone you like, they can help guide you to neighborhoods with good rental demand.
Demand is all about how desirable of a place it is to live. Check things like the quality of nearby schools, local crime maps, quality of local retail, and quality of local jobs. If you can, walk/drive around the neighborhood and get a feel for it. Would you want to live there?
Also check out Zillow for rent comps to see what the market is like.
One thing I've learned: the question is not IF it'll rent, it's What will it rent for? Unless you're in a super owner-occupant dominant neighborhood, there will be SOME rent demand, it's just a matter of what people will pay.
That's freaking brilliant! That's saying everyone has a price and we just need to figure what it is. And of course the market will tell us. That has completely changed the way I look at rental demand. Now, I will mainly focus on 1 criteria. Will have to pick your brain in the future. Thanks dude.
Post: Semi-retired Lawyer Looking for a lawyer-mentor specializing in foreclosures.
- Posts 17
- Votes 4
I would like to be a trainee-lawyer for anyone specializing in foreclosures. I have a license but haven't practiced in a while. Would love to work/understand foreclosures better. In Houston or the surrounding areas. Thanks!
Post: Seller-Financing in Spring, TX (Willowbrook and Champions area)
- Posts 17
- Votes 4
Quote from @Gerardo Jasso III:
Is there a reason why you're trying to go seller-financed, often times they require a bigger deposit than some conventional and FHA loans
Just returned from overseas working and do not meet the traditional paperwork requirements. W2's. I can do owner financing with a quick 3 year balloon payment as I am confident I will be very economically stable in 3 yrs and can refinance to pay the balloon payment. If you know of any, pls send my way. Thx.
Post: Seller-Financing in Spring, TX (Willowbrook and Champions area)
- Posts 17
- Votes 4
Hi. I've been looking and have found 2 actual sellers-owners that are willing to finance (But I didn't like the house). Other listings say they will be do Owner financing, but then I find out they just direct you to a 3rd party private lender. If you are in the Spring, TX (Willowbrook and Champions) and know of a seller willing to finance or know someone who does, please contact me. Thanks!
Post: Is the Era of airbnb done?
- Posts 17
- Votes 4
EZ AirBNB is done. It's now time for WORK AirBnB. As the market is now super saturated only the ones that put in the extra work and effort are going to survive, and even thrive. It's like any other market; the top 10% will do really well, the next 50% will do fine, and the bottom 40% will be struggling.
Hotels are never going away and they will actually become a niche market and not the dominant player anymore.
Post: Our First STR with a Waterfront Condo on Lake Conroe
- Posts 17
- Votes 4
How did you pay ALL CASH and have only $19,500 cash invested?
Post: Austin suburb sizzles with one of the hottest U.S. ZIP codes
- Posts 17
- Votes 4
Quote from @Hung T Nguyen:
Hi. You mind including that link for the zip codes? I can't seem to find that information. Thx
Never mind. I just saw it. hehe
Post: Austin suburb sizzles with one of the hottest U.S. ZIP codes
- Posts 17
- Votes 4
Hi. You mind including that link for the zip codes? I can't seem to find that information. Thx
Post: First time investor and first property aquired!
- Posts 17
- Votes 4
May I ask why you immediately offered 15k over asking price? Thx
Post: What to do with $75,000 saved up for real estate investing
- Posts 17
- Votes 4
@Brad Stallings Why don't you just BRRR it? If you do it right, add little value, you'll always get it replenished and can keep doing it with the same amount of money.