All Forum Posts by: Vy Mai

Thanks all for the response. Our tenants ended up fixing it for us :) We have to buy them a case of beer or something :)

@Chris Webb Awesome thanks Chris! Home Depot should use your picture. Yours looks better than the one on the HD website :)

wow so impressive! i love how you put up the wooden wall in front of the house, it looks so artsy! 

I really like to know the name of your bath vanity, i tried to look it up but couldn't find the exact model.

I have a rush in reading your BOLD LETTERS!!! I CAN'T WAIT TO WRITE UP THOSE SENTENCES ONE DAY!!

The storm last night blew the storm door open and it got bent. Looks like it needs a piston to be changed... any suggestions on what to do or who to call if we can't manage to fix ourselves? Thanks!!!

1. We did a 10% down payment using FHA loan to buy our first house.

-What I could have done is just put down 3.5% (FHA requirement) only and use the rest of the money to invest in more properties. However, property investment wasn't even in our mind to begin with.

2.  We took out home equity loan on our first house to do a 20% down payment for buy a rental property.

-What we could have done is to just buy a house to live in so I just need to put down 3.5% (again FHA loan), rent out my first house and buy more properties with the extra cash...

Hopefully we know about about mistake 3 before making it! However I am very proud to even own a rental property. This hasn't crossed my mind 6 months ago!

Welcome @Tung Le. It's a great place to learn :)

Plan D: Take an FHA loan to buy another property near my mom's house and rent my house out.

nice job!!! I can't wait to move on to buy the second property so quickly like you do

@Mark Nolan I never knew about this! Thanks so much for the info. I have to look into it as an option