All Forum Posts by: Sam Sopheak

Cant wait to meet everyone. 

Hi guys, I’m currently looking for some people to get bids from for a block wall around the house. Will be needing it ASAP. Thanks

Hey guys, how is everyone doing? Setting my goal to 4 units in 2018. Either 4 homes or at least a 4-plex or a mixture. I have about 100k cash. I’m not sure if this is doable or not but I feel like if others can do it. Any advice for a newbie? Any recommendation on lenders, agent, and whoever else that could help? Thanks

Originally posted by @Joseph M.:

Stephen Washington seems a lot of people from Asia are investing in the U.S because they view it as more secure . I've heard of a lot of stories of people losing their property in other countries like in the Middle East.

You mentioned rents are low .. I'm guessing they have some kind of rent control?

I still haven't seen any advantages of investing overseas versus in the US.

 Yes, those are sold prices, relatives, not I heard about it from someone kind of prices. Lol

No rent control, rent are low compare to the property value...  in most cases.  I have a relative that have a 600k home, they can rent it for about 2k. And some at 1mil and can rent out for about 3.5k. 

You can get 8-12% return on CDs at the bank there but again, plenty of risk there. 

Investing in the US is definitely a lot safer. Which is why I’m looking to get into real estates and eventually start a company that foreigner relatives can invest  in.

Originally posted by @Stephen Washington:

Originally posted by @Sam Sopheak:

I have some investments in Cambodia right now.

Our land has appreciated 5 to 10x in the last 3 years or so.

The market there is pretty crazy but can be dangerous as well.

It’s all about land thought, homes and buildings doesn’t have a very long life span over there due to the humanity, etc.

If you are going to invest there, make you have family that you can trust there to partner up with.

Not someone that says they can help you out, blah blah blah.

Good luck! Let me know if you have more questions about Cambodia. I don’t know much about the other countries.

 Just vacant land? Are you waiting for an interested developer to come along to sell to? Where at? Phnom Penh?

 Yes, vacant land on the outskirts of  Phnom Penh. Easiest and best return on your money. 

Homes are great but the rental rates there are pretty crappy. (400k home for maybe $1500)

You are banking on appreciation more than anything. 

The economy there is boom right now, a lot of foreign investors are going in. 

Aeon mall from japan have build a mall there and planning on another one soon.  A lot more Japanese and Korean companies are moving in. 

Hey everyone, Here’s my current situation. I have a property in LA that I purchased from a family member. I do have a partner. The property was purchased 18 months ago for 430k. Owner carried the note with 50k down. Title is still under his name and we have a contract written up for an option to buy it at 430k. If he bail out, he would have to return the deposit plus 50k plus 30k renovations cost. We pay interest only payment of $1000 (380k loan amount) to the seller and will balloon in 48 months (30 months to go). The house was a 4/2 originally but they build a 3/2 attachment to the back. They did not split the meter so technically it is still one house, separated by double doors (hotel style). It is in pretty good condition now but we don’t want to keep the property in that area. Currently renting it out for $1700 & $2000. We got an estimate price of 600k to 700k right now, the agents have not seen the actual property yet. Just basing it off of sq footage and location. It’s in Long Beach if anyone can help me figure out a more accurate selling price of the property. Should we split the meter, convert into official duplex and then sell it? Should we sell it as is? Should we refinance and keep the property for cash flow? If we sell, the property would never be under our names. Is that ok? We will pay the taxes for the seller of course.

Thanks for the reply everyone. I would have thought that with a 30-50% down, getting your first loan would be pretty easy. What requirements do banks look at when making loans to business owners? This will be my very first loan under my name.

So I have access to a pretty good amount of money 100k+ and I want to be able to use that to finance deals in the 200k to 300k range. How easy is it to get a loan with 30%+ down payment but unstable business income? Who should I goto for these kind of loans? Credit unions, big banks, online???

I have some investments in Cambodia right now. Our land has appreciated 5 to 10x in the last 3 years or so. The market there is pretty crazy but can be dangerous as well. It’s all about land thought, homes and buildings doesn’t have a very long life span over there due to the humanity, etc. If you are going to invest there, make you have family that you can trust there to partner up with. Not someone that says they can help you out, blah blah blah. Good luck! Let me know if you have more questions about Cambodia. I don’t know much about the other countries.

I have an aunt and uncle that lives in Cambodia. They want to invest in some properties with me. In Arizona to be specific. I don’t even know where to start with the process. Would me to knows the basic steps that I’ll need to take to make this work. It will be for buy and hold properties to generate rental incomes. Any other help would be appreciated.