All Forum Posts by: Minh Nguyen

Thanks for writing back Evan. I appreciate it! 

Based on my situation would you have any other advice you feel worth giving? I'm all ears. 

- Minh

Thanks Michael. Hope you're having a good day. And maybe our paths will cross on the forums later on :)

I didn't see any post like this recently on BP forums so I thought I'd ask.

1.) Its obviously a very hot market right now and one of my options is to find a house that's been on the market for too long (90+ days) and give an offer that I think makes more sense. I'm thinking possibly 20-25% less than asking price. While trying to find an edge, I read an article on BP and being a newbie I don't quite understand how to do this

"...Let the seller know that you can get it done faster than everyone else by having your lender call them after putting in a bid, and tell them you can close fast (2-3wks)." – Could someone help me with this concept?

2.) And besides being able to close faster. Are there other ways to create an edge or make myself more attractive to the seller? 

3.) My only other option besides putting offers on homes that have been on the market for too long is to wait for a Housing Market Correction. I would love to hear what experts and investors on the BP Forums think/speculate about a housing correction. Will it happen? When? How hard will it hit housing prices?

4.) Are there other options I haven't thought of? I feel that I'm too green to take on an out-of-state rental property.

Thank you in advance for your time BP members.

- Minh

Hi BP Forum,

My name is Minh and I'm from San Diego. I'd just like to say that the forum, articles, and audiobooks from BP have been super useful and given me some shred of hope for financial freedom.

Like others on this site, I've turned to real estate as one of my possible streams of passive income. But, when I'm not learning about real-estate I do web design, app design (UX/UI) and photography. My current 9-5 is awesome. I've won a couple of awards, written some articles for the industry, worked for corporate, agency as well as freelanced my own gigs. Looking back I've had a fulfilling career so far. 

There's a lot more I want to do with my life and I realized about 2 years ago, that the only way I could ever accomplish those things is if I became financially independent. Without boring everyone here, my two major goals beyond day-to-day living are:

1.) Animal/Environmental Conservation
2.) Health & Well-being of those living in third world and developing countries. 

So...that's me in a nutshell. Excited to start posting my newbie questions on here.

- Minh