All Forum Posts by: Vivian Ji

Dear all, Hope all is well. We found a really good commercial deal in TX and need some help to raise capital. The first-year cash-on-cash return is around 8.23%. This property has a single tenant and approximately 7-year absolute NNN lease left with 2% annual increases. Any suggestions or tips on how to raise capital, please share. Thank you in advance.

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Hi Zach, I would like to attend and network a bit. See you then.

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Originally posted by @Frank Patalano:

Originally posted by @Vivian Ji:

Originally posted by @Frank Patalano:

Originally posted by @Vivian Ji:

Originally posted by @Frank Patalano:

Originally posted by @Vivian Ji:

@Frank Patalano

The duplex —four plex is way too expensive now in Houston. It’s our first time want to go for multi units instead of sfr but there is no way to get a positive cash flow there.

I haven't looked into Houston lately. That's sad. Houston has always been a good market. When you are analyzing the properties what source are you using?

I am having a license being a part-time investor myself. so I am using my own excel calculator, har, zillow, etc.

That's not what I meant. Sorry. Where are finding possible deals? All MLS?

MLS and some off-market notes. we have some local investor here sending emails out to whoever is interested. but of course, best deals requires you to be VIP

Yeah, MLS is a waste of time right now. But since you are finding nothing go back to MLS and look at stale listings. Why did they not sell? Is it a problem that you can fix?

that's a perfect point! and this is actually what I am looking now. I am trying to find DOM >60 or 90 days listings and the listings which has been terminated. I just sent an email to an agent this morning with a terminated listing earlier this year asking him if his client still interested to sell.

Thank you for pointing out this to me and now I have more motivation to do it

1 Vote

Originally posted by @Frank Patalano:

Originally posted by @Vivian Ji:

Originally posted by @Frank Patalano:

Originally posted by @Vivian Ji:

@Frank Patalano

The duplex —four plex is way too expensive now in Houston. It’s our first time want to go for multi units instead of sfr but there is no way to get a positive cash flow there.

I haven't looked into Houston lately. That's sad. Houston has always been a good market. When you are analyzing the properties what source are you using?

I am having a license being a part-time investor myself. so I am using my own excel calculator, har, zillow, etc.

That's not what I meant. Sorry. Where are finding possible deals? All MLS?

MLS and some off-market notes. we have some local investor here sending emails out to whoever is interested. but of course, best deals requires you to be VIP

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Originally posted by @Aaron Arnold:

@Vivian Ji I use Avail.com as my property management platform. It’s fairly robust, very affordable and basically accomplishes my needs. I use it to market the property, screen applicants, draft leases and then manage properties. Tenants have a portal and they can submit all maintenance request which are then delegated to the appropriate parties. There are several similar options out there like cozy and I’m sure they’re all fine.

I also use lockboxes on my units for showings. I collect most of the applicants info up front through avail - including a photo ID - and if they are qualified I simply send them a pin that’s active at the time they want to view. They can then let themselves in and out. This has been game changing for me. I hated this part of the business and using this process has freed up so much of my time.

I occasionally need to have an additional document signed and I use DocuSign for that. We are completely paperless so I also use Dropbox to store any important documents.

I'm currently researching ways to automate my email responses. I've been tinkering with gmails canned responses and am exploring a VA to handle some those tasks. As we continue to grow I'll add a dedicated VA to essentially replace myself in the process.

I hope if anyone else has a system or a technology that they love they’ll share it too!!!

This is very helpful! Thank you.

I have some data massaging skills and programming skills so I am thinking to utilize that into our REI biz and make it more scalable..

I have not started anything yet but if I found anything, I will post here and share to the group.

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Originally posted by @Mark Sewell:

That is unique and creative. Great idea @Vivian Ji.

Thank you, Mark.

This might be pretty helpful for someone dealing with international fund/clients.

Also I have very strong quantitative background (PhD, Math) that would be helpful as well :)

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@Aaron Arnold

hey Aaron could you please share more about your technology to manage? Managing is always a headache

Thanks

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Hi I am a new investor/ part time agent in Houston, TX and would love to learning by doing.

If anyone needs help in Mandarin, I would love to offer help as a learning opportunity.

Please let me know,

Thanks

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i am in houston,we always try get minimun deductble insurance meet for umbrella insurance. that might help you a bit

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All Forum Posts by: Vivian Ji

Vivian Ji has started 2 posts and replied 12 times.

Post: Multifamily new construction in Houston TX investing

Post: Fund raising for commerical deal

Post: BRRRR's and Brews | Houston Meetup

Post: So what's holding you back?

Post: So what's holding you back?

Post: What’s your maximum number for single family homes?

Post: Mandarin Bilingual help offered

Post: What’s your maximum number for single family homes?

Post: Mandarin Bilingual help offered

Post: Getting Eaten Alive on Insurance Costs--Help!