All Forum Posts by: Saemi Jung

@Steve K. got it. Thanks! 

@Nicholas L.well not too seriously since I am waiting another month to finish my car payment for better loan and I heard that having pre approved helps. Since everyones been a advising about the risk, I know to avoid solely relying on equity.

@Steve K. thank you :))

@Joe Villeneuve well of course I won't invest into something with negative CF but if it is minimal then I kind if consider that as breaking even.  

@Account Closed thanks for the tip :) 

@Account Closed property tax would be covered from the rent income which would increase annually so I guess what I am saying is that I wont be making any money off the rent income.
Well you can hold off on paying taxes on the gain if investing again in the same kind if property, right? but like Jerry said, I guess it can be a gamble since I am assuming those policies will still be effective then.

Im new so don't know much. 

Got it

If the property is generating enough income to maintain itself (without any out of pocket cost/expense), since Im building equity as the yrs go buy, when I sell it with appreciation, I would profit, no? 

I am looking to invest into my first tri or quadplex to start off my REI.

Since I want to buy a property in CA with less than 20% down (VA loan, no house hacking), I was just looking to build equity on the property even if it doesn't give me any cash flow first few yrs.

Is this ok? Or should I look for a different route? 

Also, is it bad manners to talk to multiple real estate agents? I heard this from a friend. 

Any advise is appreciated :) 

Actually we are planning to rent out all the units so hopefully it can at least pay itself if no cash flow and just build equity.