All Forum Posts by: Li Ou

How much higher is the landlord insurance? I’m in the same boat as you, I’m also in the Bay Area, but I’m in Pacifica

Thanks for all your guys' input, it sounds promising to get a lower rate in the future. I'll hold on to it for longer 

As far as I remember, one point can bring down the rate by .25%, and most banks won’t let you buy more than 2 points. Is that the case? Correct me if I’m wrong 

I bought my home 2 years ago with a 10/1 ARM in the San Francisco Bay Area, Pacifica to be exact, rate for the first 10 years is fixed at 5.875%. Thinking of refinance it to a 30 year fixed just don't wanna take the risk of potentially higher payment after 10 years. LTV less than 60%, credit score 750. Any chance there's lender out there can pull off a refinance loan at a rate under 6%? Thanks in advance

Hi, fellas, I'm in the San Francisco Bay Area and own a home, I have a home owner insurance for my property now, but since I don't have any vehicles under my name, my insurer doesn't issue an umbrella policy for me. I did my research and found RLI issues standalone umbrella insurance. Do you guys have any experience with them? Or do you guys know any other insurer would issue a standalone umbrella policy? Thanks in advance

 
Thanks for the input. What percentage do you consider as high down payment? Could you give me an example? Let's say if I wanna purchase a four-plex in Mountain View that's worth's $2 million, how much down should I put? I've been keeping an eye on the MLS, and found that if I 30% down on a four-plex, live in one of the units and rent the other units out, it barely cash flows.

Hi, I'm living in the San Francisco Bay Area, single, working a W-2 job that brings in about 50k a year. I'm currently sitting on 500k in cash, and I don't have my own home yet. I would like to know if there's any investment combination that I can purchase my own home and at the same time pull in about $3000 a month in cash flow so that I can quit my current job? I prefer to stay in California, if not the Bay Area, but I will also consider moving out-of-state if that's not achievable in Cali. I've been thinking doing a combination of a small multi-family home and 2-3 short term rental properties. I'm still pretty green to the real estate investment game, so please share some input. Appreciate it in advance. Li

 Hi, Charles, Thanks for the hint and sharing your experience.

I’m a non-accredited investor just trying to build up some connections and make some private placement deals. Is it worth it to attend the conference?

I'm wondering if the ticket is for one day or for both days? Thanks