All Forum Posts by: Ron Singh

@Arlen Chou I agree it will work, the only drawback I see the monthly payment might increase after cash out, also hope the interest rates don't start going up in future

@Arlen Chou thanks, when you do cash out refinance, whatever amount you take out,do you have to pay taxes at end of the year on that amount ? in other words, does it add up in your yearly income for tax purpose ?

also, in your experience specially in BA when home prices go downhill, like around 2008, does rent goes down significantly too ? ( if more people leaving BA than moving in), that's one of the reason I was looking outside BA.

@Arlen Chou Good point, I noticed that in Texas. what do you suggest on low property tax state : FL, NV, AZ ?

correct, @Brock Mogensen the question is how to learn in not a hard way.

start with may be duplex /4plex near by ?

or if go directly all in, big... would it be easier to just relay on property management ? not sure how much involvement would be needed from owner, one of the reason I am preferring built year 1990 or newer to prevent major maintenance

@Ryan Flannery

if there are any major issues in title, can you back out?

since most wholesalers charge nonrefundable money around 5k, you loose it right ?

what were some of the worst title issues you found so far?

@Collin Chan

good going, btw I am in west Dublin, looks like we are pretty close.

I am curious to know more about napa project, how did you find it(if you can share), i am finding it too hard to get any brrrr in/near bay area.

looks like you are pretty lucky one

@Luis Rolando

thanks, are you doing only sfr or multi fm/ apt /duplex etc in Dallas, since you use prop mgmt, multi family might be more profitable

Is it still good time to buy in sf bay area or Texas for rental /investment purpose : SfR/multi fm

Pro and cons for me :

Bay area appreciation to continue ? hard to get cashflow - can manage locally

TX - cashflow but would need prop management company involved, so cut in cashflow

What would you do , for long term investment at this time ?

Nice Nice @Cameron Lam

keep going... one question I have is how did you manage to get multiple conventional mortgages in short durations, didn't it doing the credit score ?

I thought to wait for 2 years to be safe. the better you have score the more you tend to protect.

Thanks @Jerry Padilla

would it be better if owner is available, so can explain them better or let them do their own, or may be send a list of improvements ahead of time ?