All Forum Posts by: Tony Nguyen

Hey Jon, sorry I never saw this question. I actually do have an 8 unit under contract right now in Tampa. I'm buying it for 155k, down 40k, seller carrying 115k @ 4%, 15 year amort, due in 10. its grossing 43,300 right now and i of course plan on raising it after a few improvements.

Hey guys,

I've only been a full time rehabber for the past two years. I was wondering for all your veterans, in a hot market or upward trending market, is flipping still as easily possible as it is today? I don't want to say flipping is easy, but I think you guys know what I mean.

Today, all these banks and distressed sellers are so willing (most) to sell for a good and realistic price, what happens when "nice" properties outweigh Fugly properties?

I was just brainstorming what's going to happen 5 years from now and this crossed my mind and would love to hear what you guys think. Thanks!

Hey guys,

I have this deal under contract with first right of refusal. I want to see what you guys think. The plan is year 1, rehab and lease, year 2 sell. We'd have to gather investor(s) in order to make it work. Numbers are below. Can't wait to see what you guys think! If I'm missing info, just let me know. Thanks

Price: $375,000 in Tampa, FL (will definitely buy it lower)
Needs rehab of about $125,000
24 units are all 2/1
Rents are $550 per unit, per month.
all units are vacant right now

thanks again guys :D

You can't go wrong with Brian Tracy. Off topic but a book of his I LOVE is The Psychology of Selling. Changed my life (and bank account)

:)

Rich - wonderful reply. I could sit here all day and say that we'll never get divorced, but you're right, numbers dont lie (unless they're coming from a landlord you're buying a property from) and with the high divorce rates, you can't help but wonder. Will keep it in mind Rich, thanks.

Bryan - that makes a ton of sense now thanks for the info.

Max - thank you!

Mariah - thanks for your input. So did you and your significant other buy up to 4 seperately before getting married like Bryan mentioned? If not, what was your path?

James - sounds like you guys are doing great then! Thanks for the input!

James - thanks for the info. It sounds like website I should have =) We went down that path before but started to gear away from it because of so much hard money being availale. It may have been a bad decision though, i may have to revisit that topic.

and yeah, same here, can't wait to hear the responses to this question =)

hey Bryan, are you saying that if lets say I buy 4 rentals now and I'm basically maxed out with loans according to loan guidelines. Then after I get married, deed the 4 into an LLC we both own and the we can go on and buy another 4 after?

Hello,

I am getting married next year. I have my own real estate investment business and she has her own jewelry store business. A good and bad fact, she makes more money than me =)

Up to now, I've always used my own money and investors money to buy real estate to flip and hold. How do you guys combine your money and theirs in order to buy real estate together (specifically, to hold)? Something you should know is that even though she's makes money in her business, she pours a lot of it back into it. There seems to be a very simple and logical way of doing this, but since this is my first time getting married (and hopefully last), I wanted to get some advice from the more experienced people about this topic.

Thanks for your help in advance :D