All Forum Posts by: Bac Nguyen

Hi Dough,
I just read your post. 
I just have my administrator licensed for RCFE. And I am looking to open my first RCFE.
So, I would like to connect with you.
Cheers,

Hi Brandon,
Have you worked with the Group Home Riches?
Cheers,

@Corey Henderson Do you still need help with your property? I could help.

I somewhat disagree with others poster about "Cash flow". Yes, the property you buy right now is mostly don't have cash flow. Thus, you have to forced it via house hacking and location is a key for rental properties. And find a best lender out there to give you the best loan terms even with investor loan.

Don't rent "empty" house and wait for appreciation kick-in down the road. Be creative and create cash flow when you buy!

What you could do is:
- Buy property with value-add - big lot to ad ADU (1,200 sqft), Jr. ADU (500 sqft), convert the 2-cars garage, look for big lot to leverage SB9, SB10. The CA state already passed it, now we just wait for the city blessing then game on.

- You need to fully furnished the property

If your property is at a desire location:
1. Close to any attractions like theme parks, downtown, lake/mountain - You could attract vacationers, tourist - which is a Short-Term-Rental (STR) that rent for <30 days.

2. Close to Hospital, medical center - You could attract traveling nurses, medical professional - which is a Mid-Term Rental (MTR) and rent for 3-6 months

3. Close to business park, University/Colleges - You could attract Corp housing, Student housing - which is a Long-Term Rental (LTR) and rent for 6-12 months

4. With the Pandemic, we have another group of clients that could work remotely, like engineer, white collar, etc. - Which is Long-Term rental

And since we rent the property "fully furnished" which you could rent by the room or the whole house to command a premium rent vs. long term rental (technically an empty house/room)

** Disclaimer: I am an investor and a licensed realtor. I lived in San Diego and our investors group just bought a property in Rancho Bernardo and currently renovate it.

@Matt Nico Are you in Kissimmee? Also, are you own the property or arbitrage? I am interested to learn about the STR there.

For Airbnb, if you don't want to manage it yourself. Then, you can use co-hosting which s/he will take care of the daily operation and charge 20-25% per booking. Then, it's passive to you :)
Yes, I do own and operate an Airbnb in San Diego, CA for the last three years. 
https://www.airbnb.com/rooms/2...

@Marc Rise - sure you can add ADU, airstream out the back, etc. But all these costs money which the original poster does not have.
IMHO, I would stay out of CA for now. As the number (RTP < 0.5) which does not make sense to buy as rental.

@Darvin Ezell I am interested in the property tax sale overages? You much you pay for Bob course? Is this worth the money?

Cheers,

@Bruce May I lived in San Diego and I believe we bumped in each other a few times. I indeed need a broker to write up a loan contract as I charge more than 10% - this is a special circumstance.
Actually, if anyone knows a broker in CA that can write up a loan contract then send me the info. Thanks.