Looking for Partnerships

[Nghi Le]

Hello Seattle / Tacoma BP!

My partners and I have been flipping and BRRRRing in King and Pierce County the past 2-3 years. However, we have very demanding day jobs (IT and Business Consultants), and recently, my wife and I had our first baby. We believe that the success of a flip depends on how often you visit the property, but we have some time constraints, more so now than ever. Due to that, we're slowing down our flips to 1-2 at a time. At the same time, we have some capital and resources we want to continue deploying, and partnerships are a great way to leverage that.

What we bring to the table:

• Our experience. We've flipped or held a dozen properties, which isn't an outrageous number, but we're pretty happy with what we've accomplished while working full-time. Lots of stories to share, but the hardships are usually the most interesting: recovering from a partner/contractor stealing money from you, fighting contractors who put a bogus lien on your property after you've listed, selling a house when homeless encampments move in right across the street, what you can do when you can't sell, etc. People who only show their successes can't be trusted, but we've been tried and tested with many "worst-case" scenarios.
• Our network. We've been to all of the real estate meetups (although not much anymore) from Tacoma to Everett and have met quite a number of investors. Back in the early days of our journey, I put 5,000 miles a month in my car just for networking. So if there's a question, issue, etc. that we can't answer ourselves, we know where to get the answer.
• Deal Structure. We always believe in using a hard money lender for flips or BRRRRs because they're an extra set of eyes and validation. If a HML won't give you a loan on your deal, you should reconsider if it is, in fact, a deal. We've closed deals with 10 different hard money lenders, both local and national (and I've talked to a hundred different lenders in the past year). People say that they're all the same, which is mainly true, but there are some you'd use for certain situations over others.
• Financing Qualifications. We've worked hard to become very strong and qualified borrowers. We have a track record, high credit scores, and solid W2 income.
• Capital. We're not loaded with money or anything; we're all pretty young, come from humble backgrounds, and haven't built up a ton of wealth... yet. But we know how to get creative to "create" money, and we also know how to raise it.

We definitely don't claim to be experts; in fact, we're quite the opposite. I still think of myself as a newbie as it really is the best way to open your mind to continually learn. So if you're interested in joining us on this journey, please send me a message.