All Forum Posts by: James Chun II

Great job, way to take the leap!

Hi @John Corey

I do like my job. But I wouldn’t work at it if I didn’t have to. I’d like more time with my family and that’s what I’m working towards. I agree that OOS investing can bring more problems then it’s worth but a lot of people seem to be making it work.

Cash-flow in Hawaii isn't the easiest.  For me at least, it took a long time to save up enough to buy any rentals.  Luckily I bought at the right time and have seen some nice appreciation and moderate cash-flow.   The appreciation is way more then if I bought cash-flowing properties in the mainland.  BUT, I'm still working my day job and am envious of the OOS investors who have enough passive income to stop the 9-5 hustle.  Still trying to figure that out. 

Congrats! Deal looks good! I like how you repositioned yourself by moving into the house. Do what works for you!

@Vincent John Tucci thank you!

@Mike D'Arrigo conventional lenders. That’s the terms they presented to me after asking. I thought it was strange so presented the question on the forums. Thanks for the reply!

Hi, I’m looking to invest in Kansas City, MO, and started calling the local banks, the first few I called have 3-5 year fixed rates then convert to arms. Before I call every bank can you tell me if this is normal or if some banks offer a 30 year fixed rate.

@Han Yu yes, please do

@Han Yu I agree with Kevin Hunter, sounds like you should sell. Maybe try FSBO(depending on time frame) and if not a discount broker might be able to save you on fees. I really don’t think you’ll lose money on your purchase/sell, but either way consider it a educational experience. If you want me to pull comps let me know I’d be happy to do it for you. Aloha

@Shannon Collins thanks for the post, it was definitly an eye opener, can't believe anyone could live like that.  Do you invest in Akron or somewhere else in Ohio?