PebHmong Discussion Forum
General Category => General Discussion => Topic started by: DuMa on June 18, 2019, 12:38:00 PM
-
They selling this close to 3 acres of land for nearly $850K in the city of oakdale California . What can you get for that price in the bay area? Maybe a 1500 square foot older house.
(https://photos.zillowstatic.com/cc_ft_768/ISusdynnpz2sk90000000000.webp)
Link here.
https://www.zillow.com/homedetails/9811-Red-Fox-Dr-Oakdale-CA-95361/15986738_zpid/ (https://www.zillow.com/homedetails/9811-Red-Fox-Dr-Oakdale-CA-95361/15986738_zpid/)
Yall can practically make that money off farming or raising chicken. Endless possibility.
-
Hmong should move from fresno to Coalinga Ca which is just a tad west of fresno and closer to the ocean.
New housing can be built, brand new in the low 240k
(https://photos.zillowstatic.com/cc_ft_768/ISm6jdvjrenxiz0000000000.webp)
https://www.zillow.com/homedetails/793-Reisling-Ln-103-Coalinga-CA-93210/2084001675_zpid/ (https://www.zillow.com/homedetails/793-Reisling-Ln-103-Coalinga-CA-93210/2084001675_zpid/)
I don't know about yall but I'm already planning for retirement.
-
That top house comes with a barn.
(https://photos.zillowstatic.com/cc_ft_1536/ISyvuoj2h8gmh90000000000.webp)
What I'll do is to get a permit and built this barn into another house and rent it out. Charge like $2000 for rent. Mortgage for this lot is probably $4000 so it is like paying half for your lot. What a freaking deal.
-
Why I say it is perfect for hmong?
Cuz hmong can be found from yuba city all the way to fresno. This town here is in between by stockton, modesto and merced. That's hmong territory there yo.
-
Most everyone can qualify for an FHA loan which requires only a 3.5% down which in this case is only $30K. Best part is the 30K does not have to be your money. It can be given as a gift or lent from your relatives.
You turn that big land into a farm land and you sell your crops at the flea market. You take your profit and you drop it onto your mortgage. Your house will be free in no time.
-
Just the land for 850K?
-
That first house is nice. Not for $850k but maybe $650k in my neck of the woods
-
Just the land for 850K?
Land and all right? Or maybe I'm missing something here. You buy the house, you get the land too right?
-
That first house is nice. Not for $850k but maybe $650k in my neck of the woods
Well it is California so the prices is a tad higher for the quality of life here.
I know that some redneck cities with $850k can buy you 3 times this big. Your neighbors may not have seen a real life azn in person until you show up.
-
Well I am helping my janitor's co worker to buy his first home here in silicone implant valley. His price is around $850K.
Ridiculous how at that pricing, you get lucky to get 2 listings in the bay area for that price.
-
Lol
Stop trying to pump up the real estate market
Just move to the midwest
Get yourself a $50k house and be done
-
Ok, I went to the website and got more info. Beautiful property.
-
Well in coalinga is closer to pismo beach which is closer to nkausee inlaws in pomloc
but if you want to see the living condition in coalinga, click on the link and click on street view and just view around with your mouse. Total desert living thus why the housing is cheap cuz there is probably no jobs there worth doing.
Thus why I say a retirement community where if you want to work, go work as a cashier somewhere.
-
I would never buy a house that much, unless I'm banking in the high millions.
A house is just a rental from the bank until you actually paid it off ... until then it isn't yours.
-
Ok, I went to the website and got more info. Beautiful property.
See here's the thing. You look at prime real estate in your neck of the woods. Lets say 400K which is a load of cheese. However, if you look at the bay area of California and you keep looking at it for weeks and months and then take a look at your 400K home. Wow, 400K is nothing. It tricks the mind that it is now cheaper.
-
I would never buy a house that much, unless I'm banking in the high millions.
A house is just a rental from the bank until you actually paid it off ... until then it isn't yours.
If you have time on your life to sit on it and a way to use the house or land to pay for your house then sure it might be worth it. All you are going to be out is property tax and down payment which is nothing.
In real estate, to win, there is a system and some have found it. If you pump money into your real estate then you are in the wrong system.
-
Lol
Stop trying to pump up the real estate market
Just move to the midwest
Get yourself a $50k house and be done
I heard ya and yes cheaper where you are at but given the condition of where you at, dedicated californian's like theking won't last there. Anywhere but farther away from you is his spice of life.
-
If you own a home in the bay area, chances are.....
You can trade your current bay area home for that home.
Many people are selling their bay area home and got out by the way. Lets say a million even. They then buy multi houses in the valley. Live in one and rental property out the rest. 3 houses for 900K can be had with 100K left over for incidentals or upgrades. This is what they are doing.
-
If you have time on your life to sit on it and a way to use the house or land to pay for your house then sure it might be worth it. All you are going to be out is property tax and down payment which is nothing.
In real estate, to win, there is a system and some have found it. If you pump money into your real estate then you are in the wrong system.
Lol
Oh damnnnn
Where did i hear this before???
Oh thats right
2008 housing markets crash
Keke
Everyone and their mother was thinking like you
Trust i know
I have friends who is just starting to recover from 2008
-
Lol
Oh damnnnn
Where did i hear this before???
Oh thats right
2008 housing markets crash
Keke
Everyone and their mother was thinking like you
Trust i know
I have friends who is just starting to recover from 2008
The same houses that fell in 2008 bay area housing market are now worth a million bucks. Now what? :2funny:
-
i get that cali is a hot spot for many... but if i had a choice of spending that kind of money on a home in cali with only that many acres... i wld look outside of cali but that's just me...
as more californians are moving here for cheaper real estate... many of us coloradans are looking to the midwest for cheaper real estate as well... like hmgrock suggested, i'd take my 200k plus equity and cash out a home and tons of land in the midwest for dirt cheap...
-
The same houses that fell in 2008 bay area housing market are now worth a million bucks. Now what? :2funny:
Back to where they were
Like i say
I got friends who are slowly recovering from the housing crash
10++* years later
Plus
You are buying at near all time high
Its a no no no
-
let's just say my sister and brother in law bought their house in elk grove a suburb of sacramento a couple of yrs after the bubble for 175k... their house is worth 400k plus now, if not 500k... everything happens in cycles guys... when the bubble bursts again... i will make sure to buy me some cali real estate for cheap... lol!
-
duma,
bro, that just some badddd advice
you are telling people to buy houses at a near all time high
what you need to be doing is
telling people to "sell" their houses and prep for the market crash
"buy low, sell high"
don't be asking for uncle sam to bail you out again like in 2008
-
let's just say my sister and brother in law bought their house in elk grove a suburb of sacramento a couple of yrs after the bubble for 175k... their house is worth 400k plus now, if not 500k... everything happens in cycles guys... when the bubble bursts again... i will make sure to buy me some cali real estate for cheap... lol!
hell yeah
THIS DUDE KNOW WASUPPPP
i disagree with him on alot of stuff
but this i agree with him
your jaintor friend with the $850K loan
that what's we call a SUBPRIME MORTGAGE
:2funny: :2funny: :2funny: :2funny:
-
Well it is California so the prices is a tad higher for the quality of life here.
I know that some redneck cities with $850k can buy you 3 times this big. Your neighbors may not have seen a real life azn in person until you show up.
That's true. When we first moved here me and my sister was the only Hmongs in the whole school ;D but rednecks aren't so bad once you get to know them. They like backyard cooking, I like backyard cooking O0
-
Back to where they were
Like i say
I got friends who are slowly recovering from the housing crash
10++* years later
Plus
You are buying at near all time high
Its a no no no
Like I said. If you pump a million n the house depreciation under a mil, you losing out.
Now if you pump 20% down n get others to pay your house for you or with that big land n raises foster farm chicken with incomes let's say equals to your mortgage then how much is you losing really? Ask flit your math boy for accounting homework.
-
let's just say my sister and brother in law bought their house in elk grove a suburb of sacramento a couple of yrs after the bubble for 175k... their house is worth 400k plus now, if not 500k... everything happens in cycles guys... when the bubble bursts again... i will make sure to buy me some cali real estate for cheap... lol!
If you already sitting on a home, you have time to wait for another bust, one I think can happen but not as esteem.
If it is your first house hunt and you wait, what if it will not burst? You wasted your time in an opportunity to enjoy your very first house.
Not many people have the luxury to play the waiting game.
-
Like I said. If you pump a million n the house depreciation under a mil, you losing out.
Now if you pump 20% down n get others to pay your house for you or with that big land n raises foster farm chicken with incomes let's say equals to your mortgage then how much is you losing really? Ask flit your math boy for accounting homework.
Bro
Those chicken, your tenant raised ain’t yours
You will only get the monthly rent
Thats it
Plus
You shouldn’t be downing 20%
Unless you plan on living there and dying in that house
Be Prepare to walk away when the housing market crash
That’s what alot of folks did in 2008
They just walk away
Chain reaction
All these
Imma buy property and rent them out AIRBNB
house pay for itself
Good luck trying to convince the bank to give you million
-
some of those pictures looks like it's in the middle of nowhere(dry and dusty).......is it still even on planet earth?
-
duma,
lol bro
you are starting to sound like those late night TV commercial
"buy my book, i will show you how to flip houses"
"it so easy, just buy my book, i will teach you step by step real estate"
"anyone can do it"
"come to one of my meeting dinner for $199 and i will show you the secret"
"what are you waiting for, be a millionaire today"
haha,
look man, if someone know the secret
they ain't going share it with you
the truth is
these stuff don't work for a lot of folks
-
Bro
Those chicken, your tenant raised ain’t yours
You will only get the monthly rent
Thats it
Plus
You shouldn’t be downing 20%
Unless you plan on living there and dying in that house
Be Prepare to walk away when the housing market crash
That’s what alot of folks did in 2008
They just walk away
Chain reaction
All these
Imma buy property and rent them out AIRBNB
house pay for itself
Good luck trying to convince the bank to give you million
You mean you pay under 20% n pay for pmi insurance? That's jack the prices of your house up.
-
some of those pictures looks like it's in the middle of nowhere(dry and dusty).......is it still even on planet earth?
The second house is dry n dusty but cheap area to live for Hmong Fresno folks who still missing mommy n can run back home at will.
The top house is a suburban n city life is nearby. I live in a nearby city so i should know.
-
You mean you pay under 20% n pay for pmi insurance? That's jack the prices of your house up.
us asian only been here 40 years
still poor
going have to see if you can get a Federal Housing Administration Loans
first time homebuyer
and see if you can avoid the PMI
O0 O0
the meeka people
they been here for a few generation
so their wealth is alot
and easy to get loans
try it for yourself
go apply some loan at the bank and tell them you want to start an AIRBNB renting place
they will laught at you
:2funny: :2funny: :2funny:
even MR DONALD TRUMP himself couldn't get a loan
and have to ask his dad for a loan of ONE MILLION DOLLARS
-
They selling this close to 3 acres of land for nearly $850K in the city of oakdale California . What can you get for that price in the bay area? Maybe a 1500 square foot older house.
(https://photos.zillowstatic.com/cc_ft_768/ISusdynnpz2sk90000000000.webp)
Link here.
https://www.zillow.com/homedetails/9811-Red-Fox-Dr-Oakdale-CA-95361/15986738_zpid/ (https://www.zillow.com/homedetails/9811-Red-Fox-Dr-Oakdale-CA-95361/15986738_zpid/)
Yall can practically make that money off farming or raising chicken. Endless possibility.
Under a mil? In the Bay? Good luck finding that 1500 sqft house. Well, theKing can probably help find you one that's half way into the central valley and claim it's still the Bay area since he's within 100 miles.
-
us asian only been here 40 years
still poor
going have to see if you can get a Federal Housing Administration Loans
first time homebuyer
and see if you can avoid the PMI
O0 O0
the meeka people
they been here for a few generation
so their wealth is alot
and easy to get loans
try it for yourself
go apply some loan at the bank and tell them you want to start an AIRBNB renting place
they will laught at you
:2funny: :2funny: :2funny:
even MR DONALD TRUMP himself couldn't get a loan
and have to ask his dad for a loan of ONE MILLION DOLLARS
You lived in America long enough to know that you can take out a conventional loan and rent your whole place out. Your interest rate may go up but you have to declare that you are turning it into a rental property. I've done it b4.
-
Under a mil? In the Bay? Good luck finding that 1500 sqft house. Well, theKing can probably help find you one that's half way into the central valley and claim it's still the Bay area since he's within 100 miles.
Under a mil n in the bay are possible. Not many but there are still some. Now with competitive bidding, it may rises to a million when closed.
-
Under a mil? In the Bay? Good luck finding that 1500 sqft house. Well, theKing can probably help find you one that's half way into the central valley and claim it's still the Bay area since he's within 100 miles.
I'm trying to put my boy into a 8000 or 9000 square feet Sj home, older home but right across the street is the mall for under 800 asking price. Go to Zillow to see it. Yellow looking house.
Also told him to buy them cheap mobile home on wheels like two of them n rent it out for $1500 each to a newly American family since his backyard is huge. That's $3000 a month cushion right there. Mortgage is probably $3600 so only $600 is his mortgage while others are paying for his house.
-
us asian only been here 40 years
still poor
going have to see if you can get a Federal Housing Administration Loans
first time homebuyer
and see if you can avoid the PMI
O0 O0
the meeka people
they been here for a few generation
so their wealth is alot
and easy to get loans
try it for yourself
go apply some loan at the bank and tell them you want to start an AIRBNB renting place
they will laught at you
:2funny: :2funny: :2funny:
even MR DONALD TRUMP himself couldn't get a loan
and have to ask his dad for a loan of ONE MILLION DOLLARS
Go find me an FHA loan without paying PMI n I'll buy them all from you. :2funny:
-
us asian only been here 40 years
still poor
So ignorant. Just because you're "poor" or "lie", doesn't mean that others are too.
But then again, couldn't you just buy the winning lotto and not be "poor" anymore since you're the "hmong Nostradamus and is always right"?? ???
-
I'm trying to put my boy into a 8000 or 9000 square feet Sj home, older home but right across the street is the mall for under 800 asking price. Go to Zillow to see it. Yellow looking house.
Also told him to buy them cheap mobile home on wheels like two of them n rent it out for $1500 each to a newly American family since his backyard is huge. That's $3000 a month cushion right there. Mortgage is probably $3600 so only $600 is his mortgage while others are paying for his house.
9000 sq feet for $749k
(https://photos.zillowstatic.com/cc_ft_1536/ISmqak6p42hnks0000000000.webp)
https://www.zillow.com/homes/for_sale/San-Jose-CA/house,townhouse_type/19801988_zpid/33839_rid/4-_beds/37.544849,-121.506043,37.071888,-122.244187_rect/10_zm/2_p/? (https://www.zillow.com/homes/for_sale/San-Jose-CA/house,townhouse_type/19801988_zpid/33839_rid/4-_beds/37.544849,-121.506043,37.071888,-122.244187_rect/10_zm/2_p/?)
-
us asian only been here 40 years
still poor
going have to see if you can get a Federal Housing Administration Loans
first time homebuyer
and see if you can avoid the PMI
O0 O0
the meeka people
they been here for a few generation
so their wealth is alot
and easy to get loans
try it for yourself
go apply some loan at the bank and tell them you want to start an AIRBNB renting place
they will laught at you
:2funny: :2funny: :2funny:
even MR DONALD TRUMP himself couldn't get a loan
and have to ask his dad for a loan of ONE MILLION DOLLARS
FHA requirements include mortgage insurance for FHA loans in 2019 to protect lenders against losses that result from defaults on home mortgages. Mortgage insurance premiums are required when down payments are less than 20% of the appraised value.
https://www.fha.com/fha_requirements_mortgage_insurance (https://www.fha.com/fha_requirements_mortgage_insurance)
-
duma,
lol bro
you are starting to sound like those late night TV commercial
"buy my book, i will show you how to flip houses"
"it so easy, just buy my book, i will teach you step by step real estate"
"anyone can do it"
"come to one of my meeting dinner for $199 and i will show you the secret"
"what are you waiting for, be a millionaire today"
haha,
look man, if someone know the secret
they ain't going share it with you
the truth is
these stuff don't work for a lot of folks
Well your financial advises don't work either. Cuz obviously, you still poor right? :2funny:
-
FHA requirements include mortgage insurance for FHA loans in 2019 to protect lenders against losses that result from defaults on home mortgages. Mortgage insurance premiums are required when down payments are less than 20% of the appraised value.
https://www.fha.com/fha_requirements_mortgage_insurance (https://www.fha.com/fha_requirements_mortgage_insurance)
its a bit different from PMI, but kinda the same
plus they are more relax, if you trying to buy a foreclosure home already own by uncle sam aka fannie mae/freddyic mac
again,all these varies
it's all YMMV
but ive seen people with FHA loan that put close to zero down
some credit union are more generous and require no PMI
but it all varies
you can do a piggyback loan if you want
too many restriction and rules
im just typing this from memories
-
Well your financial advises don't work either. Cuz obviously, you still poor right? :2funny:
i'm living the dream
i don't know what you are talking about
my house that i bought for $50k
is better looking than some of those $400k+ house you guys have in the bay area
straw spell
p=pebhmong
(https://i.imgur.com/o4VroCv.jpg)
(https://i.imgur.com/nkA0vvP.jpg)
shoot my basement is better looking
(https://i.imgur.com/vMX36Ep.jpg)
-
i'm living the dream
i don't know what you are talking about
my house that i bought for $50k
is better looking than some of those $400k+ house you guys have in the bay area
straw spell
p=pebhmong
(https://i.imgur.com/o4VroCv.jpg)
(https://i.imgur.com/nkA0vvP.jpg)
shoot my basement is better looking
(https://i.imgur.com/vMX36Ep.jpg)
But you still stuck in Wisconsin. When I mean stuck, I literally mean it cuz some people don't have a choice to where the finer real estates are at.
Chai Vang would not need to be shooting people had he been hunting in California's private property land. O0
-
its a bit different from PMI, but kinda the same
plus they are more relax, if you trying to buy a foreclosure home already own by uncle sam aka fannie mae/freddyic mac
again,all these varies
it's all YMMV
but ive seen people with FHA loan that put close to zero down
some credit union are more generous and require no PMI
but it all varies
you can do a piggyback loan if you want
too many restriction and rules
im just typing this from memories
Zero down if you want to live in Nebraska's corn fields or rural areas. It is a program for farm workers.
Sure they can lend you the money to buy whatever big ticket prices out there but can you afford the monthly payment is the bigger concern.
-
Zero down if you want to live in Nebraska's corn fields or rural areas. It is a program for farm workers.
Sure they can lend you the money to buy whatever big ticket prices out there but can you afford the monthly payment is the bigger concern.
talk to the lender/bank
some of them give out zero down loans to people with 550 credit score
thats what happen in 2008 housing crash
look man
my advise to you is:
just buy some REIT etf and be done with it (if you are serious)
let the property management group do all the work for
no need to go fixing lightbulb at 2 am in the morning
fixing leaking faucet
-
i'm living the dream
i don't know what you are talking about
my house that i bought for $50k
is better looking than some of those $400k+ house you guys have in the bay area
straw spell
p=pebhmong
(https://i.imgur.com/o4VroCv.jpg)
(https://i.imgur.com/nkA0vvP.jpg)
shoot my basement is better looking
(https://i.imgur.com/vMX36Ep.jpg)
Doubt it since you admitted to "living in your mommy's basement"...Unless..unl ess...you went "underground" again and I don't mean the "basement"...
But then again why go "underground"...I mean you could just win the lotto since you're the "hmong Nostradamus and is always right"...?? ???