All Forum Posts by: David Truong

Thank goodness for the Seattle market!

A lot of them don't even check if you have funds or not. They just want it, so doesn't matter how you get it. I wouldn't even mention it unless they ask.

@Adrian Chu may I ask who you found that gave those terms?

@Jared Carpenter yea sure

I use their website all the time to analyze properties on the MLS. Great site for doing initial analysis and running comps.

I'm interested. Send any deals my way and I'll take a look. Contact info in my profile

Like others have said, no way you'll find someone that isn't trying to scam you that will give you those terms. The best I've seen is 2pts and 12% but for purchase only and you'll need to fund the rehab. If you want them to fund the rehab also you'll see at least 3-4pts.

That said, since you are a wholesaler best approach is either find private money from family/friends or partner up with a flipper and not charge a wholesale fee. And like Alex said, if you can't find someone that is willing to partner on a deal you get, it likely isn't a deal. I'd say get some wholesale deals and save up that cash so you could then eventually partner up with someone. So if you get any contracts send them my way ;)

Welcome Mike! And nice meeting you at the REIAWA class last Saturday.

Tacoma like anywhere in the greater Puget Sound area is pretty much the same....very low inventory. If priced right for the area, you'll likely see multiple offers. So this is probably a good time to unload if it's non performing. There is still high appreciation likely to continue the rest of this year but that's your call if you want play the "will the appreciation gained outweigh the negative cash flow" game.

Wow great work! Congrats on your success so far.

Those are some pretty pricey rehabs. Would love to see pictures of what was done.