All Forum Posts by: Jay Yoo

@Sean McCarty I was exactly in the same market as you are now. I'm happy to share my experience with Cbus in the current market cycle. Feel free to DM me I will tell you from both aspects of an out of state investor, and now a multifamily investor.

Hi Jennifer, for current markets, chances are that you would overpay to acquire a property or ended up buying one showing cash flow "In Theory" but you would have tenants not paying after few months. I stopped working on SFH, small multies. Feel free to DM me as I feel that I was in the same shoes few months ago, and realized a big time in multifamily investment thru the proper education. I can share my stories. thanks!

@Annie R. Hi Annie feel free to send DM me. I worked with a very reputable group for multifamily, you dont need to stay active at all. Just keep your professional w2 job and create passive income. Thanks

@Abdul Jabar Question back to youself. How mich effort and time can you commit? Are you allowed to manage construction process while you are keeping your work?

If you want to stay passive and cashflow without any attention to the property, feel free to send me a DM.

@Pritam Karmakar You would have to consider many different factors than just good schooling, development, etc. "Better" can be too many different aspects. You need to research the market based on how the property is sustainable, not just like everyone else is buying homes, So should I? 

WA in general, many landlords are suffering running a buy and hold rental property. The "Only" working strategy overall is buy n flip but you would need a lot of capital upfront to reposition the property up to date or "Hard Money" with 10-13% interest rate. (about $1200 Interest a month for $100,000 hard money loan)

As long as the rent moratorium is in place in WA, high chance is that you would provide a free housing. I know your challenges and frustrations as I'm local here too. DM me to network and we can discuss about passive income!

@Patrick Flanagan just wanted to make a generic comment here. Investing in real estate out of state should be throughly researched than just a projected cash flow. Hope people can google first “how to find a market for real estate” and go thru all the xyz variables before jumping on!

Feel free to connect me via DM if you want to network!

@Eric Turner Hey Eric, I can answer your questions as I understand your challenges because I'm local here too. There are some good replies already but I would love to connect with you. Please DM me so we can schedule time for a phone call. Thanks!

@Adhirai M. @Brian Powers  Hi Adhirai/ Brian, Annie is hosting 1st Friday of each month at 7PM PST. The Zoom link will be provided on the posting. We will see you guys. I missed this one as well. lol

@Michael Plaks Thank you Michael, That's going to be my commute for the next few weeks! :)

@Michael Plaks  Thank you for your thoughtful response Michael. You have already nailed all my questions to one answer. I will keep your points in mind, and simply better to say "Please talk to your tax professional". I found that this article online was informational for me and future LPs so I can answer some, but I will just keep this myself.