All Forum Posts by: Keong Kam

Registered! Super excited about this!

@Neil Hohmann Sewer scope definitely worth it. Remember, anything you can find during due diligence process can be potentially used as a leverage to further negotiate the purchase price, especially if it is a high cost item that was not in disclosure. 

Radon testing I am not sure...

I also use Cozy and love it! I got all my tenants to do automatic draft on 1st of the month and you can even see that the payments are scheduled on time. They also now offer renters insurance where the tenants can sign up from the Cozy directly and the landlord can easily verify that they have the insurance. Love it!!!

@Clifford Tran

I got you man. Definitely agree on that. 

My thing is like you said, trying to subsidize my living cost. 

For example, let's say I do 'house-hack' a 4-plex. And certainly rents from 3 units will not fully cover PITI. If I am $2000 out of pocket living in 3bed unit of the 4-plex, I am happy. And over time, next 2-3 years, the property will become cash flowing property like my other two properties, even with conservative estimation on rent increase and appreciation.

I am certainly not looking to do all this by putting down a fat 30-35% down on a 2M property - this would be a bad investment locking down a lot of capital. I am looking to find a creative way to finance by combination of seller carry + low interest ARM with IO for a few years. Then when I am ready to move out, refi into more conventional financing terms.

I used to be Jackstack mania but Q39 definitely topped it lol

@Marilyn Ines Rodriguez

That's great! I will be able to attend the following Tuesday the 26th. 

Sent you an email. Thanks!

Hi Marilyn- this sounds very interesting. I would love to attend but I will be out of town that day... would you be able to share the material or recordings if available after the event?

Thanks!!!

@J. Martin

Thanks J I will definitely look into SF Credit Union. Unfortunately this particular property is already gone, but I will be looking around. 

I am looking for 4plex that "I can live in with my family" like you said ; ) definitely brings the price point up a lot...

@David S., @Carson Wilcox

I was looking at this one: https://www.redfin.com/CA/Santa-Clara/3265-Homeste...

Unfortunately I heard back from seller that he will not consider seller carry and they already received an offer over list price...  

@Christie Gahan

Thanks for the reply Christie. I understand what you are trying to say.

I own two investment properties in bay area. And I also invest in KC for that very reason you mentioned (cheaper and better CF). I like both markets for different reasons. 

Right now my situation is that family is growing and I need to find a bit nicer place to live (currently living in 900SF condo...) i.e. >1M SFR in bay area, which is definitely not what I want to do.

Another option is to house hack and reduce housing cost. If the property can pay for itself, I am not afraid of larger numbers. I don't think in my market, I can live completely free, but with some creative financing methods, I think there is a possibility to reduce housing cost significantly.

Just looking to think out of box and try ; )