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All Forum Posts by: Peter Sik

Peter Sik has started 62 posts and replied 134 times.

Post: EASE of California, Anybody has experience?

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

Kathy, Thanks for the info.

I just heard from my friend's neighbor.  They said EASE replaced the HVAC system for $500 and a new refrigerator free of charge. They are very satisfy about it. But didn't hear they have any caveat. One thing I concern is, what if the HVAC and the refrigerator needs replacement part, will the replacement parts cost 10x higher price then what normal model charge? 

Post: EASE of California, Anybody has experience?

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

Hello, I just received an email for free inspection of energy saving as following:

------------------

Thank you for your interest in the Energy Saving Programs offered by your local utilities!!!By Participating you are helping both your tenants and the environment, while making no-cost improvements to you property.
In order for EASE to be able and provide services, you must review and sign the attached documents and either email or fax them to us at the number below.Please also send the additional documents below (if listed):

Remember, the evaluation is FREE and you will be provided with a list of feasible measures that require copay if applicable prior to installation. At any time if you have questions regarding the process please don't hesitate to contact me directly. I have also provided links to the utilities respective websites so you can feel comfortable in moving forward.

Southern California Edison

Southern California Gas Company

--------------

Want to know anybody have experience with this service? How is it turn out? It keeps on saying "FREE", is there any trick?

Thank you

Post: Foreigner looking for suggestion

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

Thank you for the information. What area do you recommend in Forth Worth?

Post: Foreigner looking for suggestion

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

I have been reading this forum since last  year, very informative web site. 

I wanted to move to USA with my family and my goal is have positive cash flow. There are 4 areas that I have friends and family members living there. So, I prefer to invest and live close to them.  San Jose, Los Angeles, Alabama, Texas Forth Worth.  My opinion for those areas as follow:

San Jose: 2M entry level. Too low cap rate and too rich for me

Los Angeles: Brought two SFH during 2010. Now the cap rate is low, plus i want to separate my investment. Also traffic is bad there. But I still open in this area.

Texas: Seems like the most reasonable place for me. Only down side is high insurance rate and tax rate.

Alabama: Been there once, airport is empty. Economy is very slow there.

I have 500k cash for investment and also 400k cash for purchase my own house of living. If you are in my situation, what do you choose on area of investment or wait for the down turn of the property market. In fact, now is in bad economy shape. Almost 1/2 of properties sold are from foreclosure. I believe the raise of property price is driven by decrease of money value.  That's why the world property price is raising. Question and suggestion are welcome. thank you

Post: Houston Wholesaler

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

Looking for a good deal in Houston area is like a dream now. Maybe purchse in Thailand has better chance

Post: Effective of Britain quit the European Union

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

What do you think the effect of property price for the Britain quit the European Union? I think at least the interest rate won't be adjust this year, means property price stay strong.

What should be the right procedure for lending money to investor? How to go through all the paper works and what kind of attorney is needed? What areas are needed to pay attention? This is interesting to know. thanks

Post: Rental Income during market decline

Peter SikPosted
  • Los Angeles, CA
  • Posts 134
  • Votes 15

I am always wondering that too. I see BP people talks about their successful stories only. How about share some unsuccessful stories?

I checked "Z no", they only show from year of 2011.

Hello,

I am thinking to invest in Los Angeles, want to know where I can find the data of Los Angeles SFH Rental Price Index/Chart? Need to check the rental price change between 2006 to 2015 or 2016. Thank you.