Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Joseph Bui

Joseph Bui has started 2 posts and replied 345 times.

Post: Do you think the Austin market is still worth investing in right now?

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

In any market, if the numbers work for you, it can be a good investment. However, things you go to be aware of A. Its nearly impossible to cash flow, expect to lose 1-2k a month. Add on top of that any maintenance issues that pop up (and they will eventually). B. Appreciation seems to have gotten stagnant there recently. These are the same reasons I don't invest in my home market of Seattle. I am mainly invested in midwest markets Memphis and Detroit where there is solid cash flow and apprecation has been good as well. Happy to connect and knowledge share.

Post: starting out with a single family rental without an LLC

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

LLC is just another layer of protection. There is a great debate about LLC or just taking out a big umbrella policy.

Post: New investor in the united states

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

Hi Brian, I'm not too familiar with the Columbus market but I do have 9 doors across Detroit and Memphis. Happy to connect and knowledge share if you are interested.

Post: New real estate member

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

Hi Jordan, happy to help you answer any questions based on my experience. I'm a midwest investor with 9 doors across Detroit and Memphis. Would be happy to connect and knowledge share.

Post: Hello from Boston MA

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

Hi Lee, I’ve been investing in Memphis and Detroit the past few years (scaled to 9 doors now) and I feel like both markets are good for landlords and also great markets to continue to build your portfolio. Happy to connect and knowledge share. 

Post: Californian trying to buy first investment property

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

I’m based in the Seattle area so I’m going through similar issues where my area is way too pricey for me to invest. I’ve been investing in Memphis and Detroit where it’s much more affordable and appreciation is still strong. Happy to connect and knowledge share as well. 

Post: Out of State Investing Locations

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

I’ve been investing in Memphis and Detroit for the past few years and getting both cash flow and appreciation. I’ve scaled to 9 doors across those markets and so far so good. Happy to connect and knowledge if you are interested. 

Post: New member introduction

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

Hi James, not sure what markets you are interested in, but if you are interested in Memphis or Detroit (where I have 9 doors), I would be happy to connect and knowledge share.

Post: How are you finding BRRRR Deals?

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

Hi Jack, I'm not too familiar with the central PA area, but I do have 9 doors across Memphis and Detroit where I mostly did BRRRR type deals. You might need to look in a different market to get the good BRRRR deals. Happy to connect and share with you my experience in the markets I do deals in and run the numbers with you.

Post: Trouble pulling trigger on first rental property?

Joseph BuiPosted
  • Lender
  • Nationwide
  • Posts 361
  • Votes 235

You'll never feel 100% comfortable with your first investment. There will always be risk and many things can always go wrong. Those of us who have done it awhile are just used to the risk and can stomach when things go sour. I say, if the numbers work, go for it. If you run through the worst case scenario, is it that bad? To me, best way to learn is to jump in and take your lumps.

What market are you looking in? You mentioned your math shakes out to 150/month cash flow on a property that costs 150k? thats not bad, assuming you are calculating a mortgage and you expect solid appreciation over the next 5 or so years. Happy to connect and run through all the opex costs I face through a year if that helps.