All Forum Posts by: Paul Vu

Not sure if this is the right category. Hoping for some good advice. I live in SoCal and bought my house for 443k in 2013 and now I should be able to sell it for 580k according to surrounding comps. Downed 30% at 3.5 interest rate. I am contemplating between ... 1. if I should keep the house on cheap borrowed money and rent it out, possibly profit about $200-500/m, and get a fixed heloc and find another investment. 2. Sell it and find another property (preferably multi family) to invest in. Both options would require me to rent or move family into my in laws for a bit. Must stay in SoCal. But the goal is to brrrr as many as I can and own more multi familys for some passive income.

I have an opportunity to invest in a fix and flip out of state deal. I would be putting up the 20% downpayment, closing cost and rehab cost. My partner will be the borrower on the loan and will manage the rehab after closing and through closing on the resell. What kind of % should be set up in this type of partnership and deal?

My partner is a successful investor in a certain area, he has access this fix and flip foreclosure deal and is in escrow right now. I can join this deal by offering the 20% and rehab cost. I like the deal and mainly looking for feedback on what kind of % is fair for putting up the finance up front. 

Wow this is amazing. Good job!

I too am in the same position. My family in San Jose tells me to invest there and my family in Los Angeles tells me to invest local as well. They can’t wrap their heads around OOS investing.

I am a newbie with a baby on the way. I NEED to make this work. I am looking to invest in OOS. How did you pick your markets? How did you research it? Did you visit those markets? How did you meet and find the right team? I’d love to have a conversation with you and learn the details of what you did. 

How did you find the deal? How did you work the numbers before making the purchase?

Hoping someone could guide me. I am very new to real estate investing. 

I am interested in mult-family rentals. However, I live in california and the prices here are very high. I do not see a way to make any money investing here. It seems like my money can go further elsewhere.

My questions...without knowing anyone out of state, how can I get started in out of state investments? What is your best 3 tips? What books should I read? How do you study and analyze an out of state area from where you live? I want to take the advice of start now but it is definitely hard to do with market being high and not knowing what exactly is a good deal. 

Also, Ive been listening to the bigger pockets podcast alot. I dream to do the things these great people are doing with RE investments. But I noticed that a lot of the people got in / started at around the crash. They either got burned by it and was able to start over when things were low and come out on top or they got in at the right time. Is there still room for newbies like myself?