All Forum Posts by: Nghi Le

Hi Tiffany,

Please add me to your list.

Thank you!

- Nghi

Has anyone had success with community banks in the Seattle area?  I'm a new investor and am currently investigating different financing options to prepare for my deals.  I have a mortgage broker that I've used to both purchase and also refinance different houses and met with him yesterday to discuss my options.  He didn't seem to think there was any additional benefit to getting a loan directly from a community bank, especially in terms of the best rates.

I'm primarily looking for financing options (outside of hard money lenders) for my flips.  I have have good credit with a good steady income, but I want to use as little of my own cash as possible.  It didn't seem like my mortgage broker could help me much with flipping loans since he loses his commission (and has to pay an additional fee) for any loans under his name that are paid off or refinanced within 6 months.  I was hoping perhaps the community banks in Seattle would be able to provide some unconventional/creative ways to finance for my flipping loans.

Thank you in advance!

Welcome @Brandon Johnston!  I am a newbie investor (as of last month) in Seattle, WA and am somewhat in a similar situation to yours.  I've actually attended that Rich Dad workshop a few years ago.  While there was some good information, I felt like it was thrown at me in bits and pieces and didn't really lay out a straight-forward plan, so I didn't end up buying their advanced training.

I have considered wholesaling, but to be really successful at it seemed to require a lot of time (to send out hundreds of letters and responding to phone calls), which isn't something that I thought I could do with a full-time job.  So I'm pretty much looking to flip.  I'd love to stay in touch and hear your progress on wholesaling :-)

Thank you everyone for the welcome, the advice, and the support!  And @Brandon Turner, it was especially nice to see you and Heather at today's meetup!  I was finally able to associate a face to the daily voice in my car :-)

I've setup a keyword alert for "Seattle" and "Washington" a couple of weeks ago and get so many results per day; I'm actually behind on catching up with them right now... as I mentioned to Brandon earlier, I had to deactivate one social network (Facebook) in order to gain more time to spend on another (Bigger Pockets).

I've yet to read the UBG.  I actually signed up and paid for one of those guru workshops and am still sifting through the material that they gave me.  It's funny because those gurus actually referred me to BiggerPockets as well.  I definitely don't think all gurus are bad, but you probably don't need to spend that much money to gain that kind of information.  But because of that guru, my fiancée and I got the push we needed to start our real estate business.  Now we just need to get that first deal!

Hello! I totally missed this event. Can you add me to the guest list for the next event? 

Hi everyone!

My name is Nghi and my interest and drive for real estate investing spiked this month after attending a conference on it. I've always been interested in real estate but haven't had the funds, credit, or network of support I needed to gain confidence in starting this venture until now.

I'm 26 and currently work as an IT Consultant in the Information Management & Analytics world. I make decent money to support myself and my parents, but my long-term goal is be financially free, not have to work for someone else, and retire early, all so I can focus on my family and community and leave behind a legacy. I fully believe that real estate can accomplish this.

I don't have much experience in real estate other than being a first-time home buyer last year and renting out my parents' house (through a property management company) so they could come live with me and have some extra funds. I've been doing a ton of research on real estate investing (which brought me to BP) and am looking forward to my first (wholesale/rehab) deal, but not entirely sure how to find it. My hometown is in SW Seattle in the Burien / White Center area. I heard Seattle was a tough market, but I'm hoping to be able to find something in my area.

Thanks for taking the time to listen to my intro, and I hope to connect with many of you!