All Forum Posts by: Youdo Thirakul

Great Job! Keep it up! Can't wait to see the next property

I always hear that "if you have a budget, make sure you add 10k to it" Its for all the unexpected things that will come up. 

@Minji Wu How's it going? hope you got some of your question answered.  If not, I would recommend finding a realtor or mentors or even ask around to see how they feel about the market.  Everyone i talk to, I ask them about RE and how's the economy is doing (in their opinion) just to get a sense of things.  Good luck

Are you living in one of the unit or renting it all out? if you're renting it all out then you must have positive cash flow after all the bills and mortgage is paid if its negative then don't invest in that property.  No matter who lives in the property, you're the one that is responsible for the loan.  Agreed with Frank, you need to have some reserves money just in case of an emergency.  Most mortgage are 15 to 30 years depend on what you wanna do.  

@Alex Deacon thank you! I hope to get better and smarter with RE investment everyday. That's pretty cool that you're doing free investor workshops, I hope to do that one day.  Too much people charging, but I understand people have to make a living, I won't be one of those.  Good luck to you too! 

I always hear from podcasts, and bigger pocket forums that the hardest part of real estate for newbie is ACTION.  Even though I haven't closed on any properties to flips or wholesale, I'm still inspire to keep on looking at houses with my realtor, analyzing deals, reach out to people to connect, expanding my network, reading, and learning etc.  I'm looking at two properties with my realtor later today, and I convince my sister on buying her first duplex for my MOM and renting out the other one (house hacking), hopefully we can find a turn key property for my wonderful MOM soon.  I guess this post is to just tell all the newbie (like me) and people that feel discourage to keep on moving if this is something you're very passionate about.  Just take action everyday, look at houses, talk to realtors or friends about RE, analyze deals, read or listen to podcast ... just do something because one day, if you keep at it, it will happen.  Good luck everyone. (sorry for my rant)  anyone that love to talk strategy and RE message me! I love to hear what everyone doing.  thanks.

 I think its all cash, at least thats what i would expect just because they need to get rid of it n clear their books but i can be wrong?? anyone? 

 Wow a whole year now, hope it get done soon

 I probably won't do out of state investing until i have more experiences or know someone that lives there that i trust.  So how are you finding your deals now ? any certain project? 

@Account Closed that make more sense, thought denver was a hot market.  Did you do all these from out of state? or Were you living there at that time?