Newbie from Seattle

[David Truong]

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?