All Forum Posts by: Zach Liu

It is never too late to start. But to have a successful investment career needs a deep understanding of how to evaluate properties. As long as you have a good grasp of that, you will know which ones make sense and which are not in the majority of the time. You can buy good deals in high market and you may lose money in low market too if you are not careful. So the biggest difference is YOU. 

Good luck.

I used desktop, but may switched to online later. That's the trend after all.

The part I hate most for desktop is I have a mac and a windows, and they charge for each...

Stories like this are what inspire me every day. 

Keep it going Azeez!

Congratulations and hope it keeps growing!

I was focused on stock market before, but now I set up a formula using Value Averaging (it's like adding values to your portfolio so that it goes to a certain amount each time). So for example I have a goal of 2 million in 20 years, I buy about $4500 each quarter, the number grows by a factor g also to take inflation into account. If the market goes higher, I buy less, if lower I buy more. It will lower the cost of buying by a lot and boost long term return. The plan can also be adjusted every a few years based on situation.

With that said I put others into real estate. You can diversify in RE too, such as buy different locations, different price ranges and different types. 

One more thing is to always have some cash reserves, because good opportunities will come occasionally, or bad things can happen too. Either way, you will be prepared and be glad you have some money ready to go.

It is a little confusing, is it you or your mom that wants to invest. I would say it's better to cash out or even sell the property if you want to invest somewhere else for higher return. 

Not sure if you can guarantee a loan your mom applies to help solve the low income problem. 

There are a few spreadsheets on this website that will help you well. Put your numbers in it and see what the results are.

http://www.biggerpockets.com/files/user/Mister4clo...

http://www.biggerpockets.com/files/user/SpiralLoxo...

I would recommending read the book "What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures" first to understand how you make money in real estate. Learning how to evaluate properties and it will help you along the way.

If your credit is excellent, 5% is too high. I just got a conventional loan for 4.125%.

Gather your personal, financial and property information and start shopping around.

1, Figure out how much money you can spend, and how much purchase price you can afford. Then find your price range.

2, Learn how to analyze a income property, put in your living there as part of expense, and see if it will lead you to where you want to be. 

3, If you can find a good discount property, you earn equity from day 1 and that will help you to get your goal faster.

4, I think a duplex is surely make more sense based on your goal. If you haven't found one yet, maybe keep looking around. 

5, learning networking, doing.