All Forum Posts by: Zach Liu

I am not sure. but after the closing it is 100% your property, 

can you call police to get him out?

Congratulations!

Where specifically do you mean by North Gwinnett county. Buford/Dacula area is currently under my radar and I closed a single family house there last year and have been working pretty well. 

Most properties do not make sense from cash flow perspective though so investors need to be selective, but looks like the potential is great. 

Numbers are just two easy to manipulate. 

I read the article the other day. The research chose the period from 2012 - 2014 if I remember right and the conclusion is housing market is beating wage increase 13: 1.

But before that, we have the market dropped by as much as 50%, and I believe most people's wages didn't drop or by that much.

It does make sense that the valuation is getting higher, which means investors need to be more careful and distinguish investing vs. speculating.

@Charmaine M.

 That's interesting, definitely ask the seller for explanation if you can not find information in public record.

For refinance, you get the proceeds tax free, that maybe a good thing about refinance.

Selling usually means higher cost, and if only want to free cash to invest, refi is definitely the way to go.

Welcome, and good luck with your new business.

Subordination means if the borrower defaults, the subordinate lender will get the liquidated money after the lender above him. Lenders usually like to be on top of the list, because they have the first right to the property. And thus usually the subordinate lender charges higher rate because of higher risk.

You may go to your town or county to ask for details.

I am a believer of "leaving professional work for professionals" and property management is definitely a profession. You pay for their service, and if you choose them wisely, it will definitely help you down the road. Remember you have only 24 hours a day and property management can take a lot of hours if you have many doors and the number may be growing in the future. Even if you pay some amount for each door, the overall revenue will grow.

But it is important to find real professionals, because many property managers out there are not.

My advise: 

go online and find those local agents with high ratings, talk with them to see if they have experience and understand investment and have time to help you.

Welcome to BP! I think it will be great to come to real estate investment from an accounting background. When I first started doing investment, the first thing I wanted to learn is accounting and it has been very helpful!

Good luck!