All Forum Posts by: Tuyen Tang

@Michael Dang Hello, I looked into private lending and while that is great, I’m leaning towards investing into real estate more since I can scale that quicker and be able to leverage.

@Chris Hopper thank you very much for the advice!

@Vijaianand Thirunageswaram

Yeah, I think I will have to figure out that first, since that would make a lot of difference when calculating the numbers. Thank you for the help!

@Vijaianand Thirunageswaram

Thank you for your insight, I’m planning to start after february once my mom is able to transfer the funds from overseas, right now im talking to a realtor who works with other investors in the houston area. Only thing that will be difficult to close a deal would be my interest rates for taking out a loan since the property will be under my name and I have no income. My mom found someone to be able to give out loan without income check but i think it is <5% rate, I will have to get her to go back and check again to an accurate number. However, I still think it is possible no matter the situation, I’m young (20 soon 21 in a month), so I think the best time is now.

@Ethan G.

I’ve never looked into private lending before, how would I get started on that? Anyone in houston/sugarland/katy area that handles private lending?

@Tuyen Tang

Forgot to include that the SFH we have rented out was out old home we lived in and it is already paid off.

Hello everyone! I’m new to BP but I am not totally new to RE (went through a lot of online videos on real-estate, read Rich Dad Poor Dad, practiced with calculating properties to see whether they cash-flow or not).

So, my main question is that my mom will be able to have some capital to invest into the market in about 3-5 months ($50-60k). I want to know what my best options are in terms of types of rental properties I should be looking for.

Budget price for a property: $200k max

CAP Rate: essentially my mom wants around 6-8%+ return.

Ultimate Goal: to have cashflow $40k+/yr within the next 15 years.

We also are not interested in the buy and flip strategy as my mom wants passive income through renting out. Right now, we have 1 SFH rented out, I managed with tenant screening as well as addressing any issues the tenant might have, along with picking up rent payment. That rental property we have is paid off and after all the fees and saving funds leaves us around $10k in profit.

She also wants me to be the one with the title when buying, but it is also hard for me to get a loan with moderate interest rates since I’m currently 20 yrs old college student with no job.

Any advice from other local investors or anyone who is experienced in RE would be greatly appreciated because I want to know what the best route to take to get the best return in terms of passive income over the long run (10-20yrs).