Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Yu Liu

Yu Liu has started 11 posts and replied 249 times.

Post: I’m 17 and have no credit score, what do I do?

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

Have a parent or trusted personnel add you as an authorized user so you have some history when you turn 18.

You can have a parent or partner co-sign. Learn and develop skills now. Find deals for people or just be in the game, do free work. You're 17, all you should be doing is amassing all skills. If you can learn, do. 

When you turn 18, immediately get a credit card. 

Post: Location-independent tech professional looking to house-hack in any tax-free US state

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

I would start off with choosing a location that you would enjoy being in for at least a year or two or five. Some good examples that I hear a lot are Tampa FL, Austin TX, Las Vegas NV, Phoenix AZ, Charlotte NC but it's dependent on your own preferences.

Househacking in any of those cities usually work out pretty well. 

Find a good location or pocket within that city and make sure the numbers make sense for you and rinse and repeat every year, living in one unit and then moving out, renting it out and buying another one.

You might have to consider doing conventional 5% down on the following one unless you want to refi since you can only have 1 FHA loan in your name

For that amount, I would just write it up as the cost of doing business.

For any higher amount of damages, I would do what @Mark Miles said and try to get the review first and then pursue it. 

Just politely let them know the situation. I find that just being friendly in your wording goes a long way and doesnt affect your reviews too much

Post: Very profitable STR for sale

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

Send me your listing, I'll see if I can send it to a couple investors I know and they can take a look

Post: What is typical % of bookings from Vrbo vs Airbnb?

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

Agree with the sentiment from everyone else about the market dependency. 

Mine is a smaller tertiary market with the main draw being the university and I get 80% Airbnb and 20% VRBO

Post: Short term rental close to hospitals

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

Look into furnished finder and see what the average host is charging and how your future property would compare. It could be lucrative but MTR can also be high in vacancy so I recommend doing STR in the mean time (check regulations) between your MTR stays!

Post: Recently Graduated College and need some direction to get started

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

Hey Jack, there's a lot of real estate meetups in the area that I suggest you go to. Look them up on meetup app or join some Facebook groups and im sure there's some big real estate meetups in the area!

Post: Out of state investing

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

I invest in Tallahassee, FL. It's good for cash flow but at $100K you're not going to be able to get much. I visit CA a lot too. When I think of less than $100K properties, that's typically midwest. Happy to connect and let you know more about it if you want to chat!

Post: Step by Step on how to get PMI removed

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

I did this earlier this year and it's great to save an additional $50 a month, not much but it helps over the long term!

Post: Rent by the Room Pricing Strategy..?

Yu LiuPosted
  • Investor
  • Tallahassee
  • Posts 249
  • Votes 93

FB marketplace and even craigslist would be good options.

Furnished finder and Airbnb are good options if furnished, you can look at 30 day minimums for rooms