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All Forum Posts by: Long Nguyen

Long Nguyen has started 3 posts and replied 5 times.

Post: Transition from Hard Money

Long NguyenPosted
  • Real Estate Agent
  • Nashville, TN
  • Posts 5
  • Votes 7

I am confused and wondering how the transition from HML to a conventional loan works. Also, I am having a hard time grasping the aspect of hard money lending. (obviously, I'm still pretty new to real estate)

Post: Leveraging Money for my first purhase

Long NguyenPosted
  • Real Estate Agent
  • Nashville, TN
  • Posts 5
  • Votes 7

I want to start investing in real estate. Any advice on leveraging money for my first purchase and/or rehab? I'm interested in either fix-flip or an owner-occupied duplex.

Post: Is market correction a good thing?

Long NguyenPosted
  • Real Estate Agent
  • Nashville, TN
  • Posts 5
  • Votes 7

I live in Nashville, TN and want to start investing in real estate. However, the market has been growing so fast and rapidly that I feel like there will be a market correction soon. Would investing still be viable since prices will go down but market growth will hit a plateau point?

Post: Most Guilty Pleasure you've Bought with Real Estate Profits

Long NguyenPosted
  • Real Estate Agent
  • Nashville, TN
  • Posts 5
  • Votes 7

Jay-Z and Old Crow Medicine Show in Nashville!

Post: Do wholesale deals have to be cash and have no contingencies?

Long NguyenPosted
  • Real Estate Agent
  • Nashville, TN
  • Posts 5
  • Votes 7

Because most wholesalers move so much volume and most are a first come first served basis, they usually don't allow an inspection period after signing a contract in order to close quickly. However the buyer will always have time to do due diligence by bringing a GC. Buyers are still allowed to inspect the property until someone buys- keeping in mind that the property will be sold 'as is' to the first person that signs the contract. Also, most wholesalers emphasis cash but will also take hard money lending and private lending. Conventional loans usually take too long to process to meet the speed and agility of wholesaling.