All Forum Posts by: Scottie F.

Congrats! Definitely great information to use here for starters, even seasoned vets looking at alternative ways for financing.  

Hello Andrew, 

How did you go about obtaining the line of credit? Are there any sources/contacts you would be able to put me in touch with? Thank you. 

Scottie

A contact of mine outside of bigger pockets, states that he has access to a "Fund/Lender" that will allow me to get into a property with only 10% down, they would cover the remaining 90%. After the purchase, they would cover all construction costs with myself overseeing the project. Once the property sells, Profits are split 50/50, and then there would be a 12% return on the initial 10% investment as well.  Has anyone heard of a program like this before in private lending? If so, did you take advantage of it and were terms as stated/signed?  Thanks for your replies/feedback. 

 Hello Larry, thanks for the response. I've been to Oregon quite a bit, I love it! I am primarily interested in the east side here in WA (Bellevue, Redmond, Issaquah, Kirkland, Renton). If I were to invest in the Oregon area I'd look for something in the vacation areas or I'd even be interested in some rentals close to the Nike, Inc. headquarters. 

A Newbie Investor ;-)

Hello to all Bigger Pockets members and to the Greater Seattle Metropolitan Area. I am looking forward to "Taking Action" on my REI Goals. Definitely excited to make contacts here and become more knowledgeable through these interactions/teachings.