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All Forum Posts by: Hyeonji Oh

Hyeonji Oh has started 7 posts and replied 17 times.

Post: Multi family cash flow in San Jose

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13
Quote from @Jeet Sangha:

@Hyeonji Oh , you may be able to purchase your primary home using Santa Clara County's Empower Homebuyers shared appreciation down payment assistance programs. They can lend you up to $250,000 towards a down payment if you are a first-time homebuyer, live or work in the county, and meet their income criteria, which I believe is up to 120% of the area's median income.  Then use your savings to purchase an investment property. 

I didn't know Santa Clara County had this loan. It is a great opportunity to buy a house near my area. Thank you for sharing!

Post: Multi family cash flow in San Jose

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13

Hello,

I am reading a Multi-family millionaire book right now, I am curious if it is possible to make cash flow in San Jose by living in a multi-family unit and renting out another. It is ideal to build up an asset as the book says but the house prince is insane in San Jose!

Currently, I live in San Jose and work in Silicon Valley. I don't have a primary home or investment property. If househacking is possible I would rather buy my primary house using a low down payment for first-home buyers than invest in other properties in Sacramento, Modesto, Fresno, etc. Any advice is welcome! I feel I am lost and don't know what I should do. 

Post: Areas good for investing

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13
Quote from @Rafael Ordonez jr:

 Thank you so much!!

Post: Areas good for investing

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13
Quote from @Rafael Ordonez jr:

2 doors in turlock, 2 in ceres, 5 in modesto.


 Woow! That is awesome!

If you dont mind me asking, can you share the zip code where you have the properties in Modesto or Turlock? I am thinking of investing multi-family in Modesto, but still don't know which area has good cash flow. I am only focused on cash flow for now. 

Post: invest multi-family home

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13
Quote from @Ranjit Sandhu:
Quote from @Hyeonji Oh:

Hi Everyone, I am glad I joined Biggerpockets to start my investment journey.

I was trying to buy my own house first but I decided my mind to buy investment property first. I am currently living in the Bay Area, California. I am looking for an agent who has experience in investing property anywhere in the States. After having one property this year, I want to expand my properties. 

I am open to investing in multi-family houses not only in California but also in the nearest states (AZ, NV, or WA). 

-ANY GOOD CASHFLOW AREAS in CA? Modesto or Stockton, Fresno, Sacramento, Central Valley?

-Any recommendations for a real estate agent, experienced in good investment properties?

Thank you for all your help!

I still don't know which area I should buy a multi-family home in California. Should I invest in the other states?

First of all welcome to BP family! I’m from Rocklin area which is north of Sacramento. What’s your budget/price before we find a property for you. All the best!

Thank you for your reply!
My budget is $100k. Do you have 2-4 multi unit?

Post: invest multi-family home

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13
Quote from @Caroline Gerardo:

Agents are tied to their "paper-route." An agent should have boots on ground and walked through hundreds of properties in an area, and sold them as well. Hard to suggest an agent for many states as they are city-specific.

Multi-family you mean more than eight units?


 Thank you for your reply. I should be specific about which location I prefer. 

I am looking for 2 or 4 multi-units.

Post: invest multi-family home

Hyeonji OhPosted
  • Bay area in CA
  • Posts 17
  • Votes 13

Hi Everyone, I am glad I joined Biggerpockets to start my investment journey.

I was trying to buy my own house first but I decided my mind to buy investment property first. I am currently living in the Bay Area, California. I am looking for an agent who has experience in investing property anywhere in the States. After having one property this year, I want to expand my properties. 

I am open to investing in multi-family houses not only in California but also in the nearest states (AZ, NV, or WA). 

-ANY GOOD CASHFLOW AREAS in CA? Modesto or Stockton, Fresno, Sacramento, Central Valley?

-Any recommendations for a real estate agent, experienced in good investment properties?

Thank you for all your help!

I still don't know which area I should buy a multi-family home in California. Should I invest in the other states?

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