All Forum Posts by: David Truong

Welcome Adrian! Always nice to see other Washingtonians on here to possibly learn and network from each other.

Ah got it. Since it's too late to go back and edit I'll tag it here.

@Zach Schwarzmiller  @Nghi Le 

how do you do those name tags?

Thanks all!

@Zach Schwarsmiller, yes for sure on a long term investment. I was more talking about money to do a flip.

@Nghi Le Yea I see advantages of all those. As far as looking at COC returns, yes it's going to be greater cause you didn't put cash in, but I keep looking at that lost few thousands of dollars on interest that I could have pocketed and put into my next flip. Don't get me wrong, I do plan on using OPM, but I figure as I'm getting started and taking longer to do flips and learning, that could be a bit of interest. Just running the numbers and comparing. So have you bought at an auction here and flipped a house yet?

Hey all,

I'm a newbie investor from Seattle, WA and have been lurking, reading, researching on here for a few months. I'm a former engineer looking for a career change and I've decided to go head into REI. My plan is to get into flips and eventually rentals. I've had some experience with my primary residence in "house hacking" and assisting with family rentals. I've been looking into buying foreclosures at the court house steps through a company for my initial flips. Still running a lot of analysis and research of the numbers to see if they're good deals for me or not.

This site is great. I've learned so much from the articles, posts and podcasts, and hope to meet other investors here. 

One question I have is: I've read a lot about investing with no and low money using other people's money (hard, private, etc), but what are the advantages of it compared to using some of your own money to help reduce the interest, profit sharing, etc. so in the end there's more profit in my pockets?