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All Forum Posts by: Tony Ku

Tony Ku has started 5 posts and replied 9 times.

Originally posted by @Thomas S.:

It is always best to finance. Cash is only saving/making you 4.2 - 4.8 %. That is a deplorable return on a investment. The opportunity value of cash is minimum 10% which means your property will be a liability with negative cash flow after paying the return on your dead equity. No point in owning brick and mortar that is a liability.

 Thank you Thomas, I was saying 4.2-4.8 is the interest banks will charge me to get loans

Rich, I would like to buy condos if possible and rent them out with positive income. I'll do that thank you.

Hello, I am planing to buy 2 properties in LV. I am in Los Angeles now. I don't have a primary residence right now and is renting but unfortunately looks like I can't finance house as primary residency if I don't live in LV. (if someone knows some loophole I don't please PM. If I had my own business I think I could but since I don't I was told I can't do it). Anyway, I have cash to buy both properties but read many times people say to finance if I could. Since Interest I would be getting is from 4.2-4.8 for second home and income property, is it still worth it to finance vs pay cash? Also if I anyone know a way around getting low interest rate with primary residence when it's out of state that would help too. Thank you! 

Post: how do I find a good REO broker?

Tony KuPosted
  • Van Nuys, CA
  • Posts 10
  • Votes 2

I see a ton in Los Angeles but few have reviews.

Post: Forclosure.com

Tony KuPosted
  • Van Nuys, CA
  • Posts 10
  • Votes 2
Originally posted by @Mike Sedlacek:

Try www.hudhomestore.com you may find the same properties listed there as well. 

As far as the listed price on foreclosure.com to help determine the value you have to search comps. by asking a realtor friend for help. Get at least 3 comps within one mile of the house in question, for sale now, sold and expired listings. Then take an average or eliminate ones that are not near the same then average them out. Next use your judgment as to what is a reasonable price.

 How much do the registered brokers charger to bid on hudhomes? 

Post: how do I find a Bird Dogger?

Tony KuPosted
  • Van Nuys, CA
  • Posts 10
  • Votes 2

Since I don't have MLS access what do you guys do to find good deals on properties?

Post: Where do I get loans to buy rehabbs with llc?

Tony KuPosted
  • Van Nuys, CA
  • Posts 10
  • Votes 2

I read here that most banks will not give loans when buying with llc?

Post: If you were to do it all over again, how would you do it?

Tony KuPosted
  • Van Nuys, CA
  • Posts 10
  • Votes 2

I am new to flipping but I have owned several properties I lived in, in past. What would you suggest is best and fastest way for me to start flipping? I don't have RE license yet but have considered getting it to get inside info on good deals. I am located in California. Since I am older I don't want to waste time making mistakes and would rather hear from veterans who willing to help in making best decisions. Thank you in advance!