All Forum Posts by: Alain Nguyen

Hi Kenneth,

You are right 203K loans don't extend that far, but I get the idea. There is a similar product out here however. Going to talk to my broker and see what it entails.

Thanks! 

Hey thanks Rob!

Looking into it right now. My thinking is that since my next house is dependant on selling my current one, if a great rehab in a great neighbourhood pops up I might not have time to sell and have the down payment.

Good morning fellow BPers,

This will be my first question on BP (please be gentle).

I'm new to REI and I'm currently building my rehab team. Very confident that I will rehab my first home this year! (exciting)

Here is my question, we (my wife and 2 kids) are planning on moving early next year, are there any advantages to financing a flip (private money, hard money...) and then buy it for myself through a conventional mortgage?  is it even "doable"?

Let me now if more details are needed.

Thanks everyone I really appreciate any suggestion. 

Alain Nguyen

Hi Elie!

Welcome to BP fellow Montrealer. I'm also new to BP but I'm also new to the REI world. I wish you success! You never know, we might even cross paths!

Alain

Thanks for the tip Paul!

I have about four books lined up (including RE rewind) I think I'll move it up the list. 

hi Larry,

My plan is to start with flipping (I got J Scott's flipping and rehab books) and then get into buy and holds. Would love to get some passive income and have more time for family (restaurant business is very demanding)

Thanks Marlon!

Kind of excited for my first post reply!

Hi everyone,

My name is Alain Nguyen and I'm from Montreal Canada. I'm new to the REI world and my only experience is flipping my own house about two years ago and have since been looking for a way to jump in further!

I've been in my family business (restaurants) since I am 15 and I now own and run one with my brother.

Full disclosure, I recently attended a REI seminar and while looking up reviews I came across BP. I immediately joined as a PRO member and have been reading and listening to podcasts every free time I get! (I have two kids, a 4 year old girl and a 2 year old boy...fun but exhausting)

I'm very happy I found this huge source of information and excited to learn more while hopefully make great connections!