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All Forum Posts by: Ty Truong

Ty Truong has started 2 posts and replied 6 times.

Post: $50,000 Profit Group Flip Before and After Pics

Ty TruongPosted
  • Flipper/Rehabber
  • Fairfax, VA
  • Posts 10
  • Votes 2

Great article. I'd love to hear more from you and see more of your work.

Post: Fund & Grow Financing

Ty TruongPosted
  • Flipper/Rehabber
  • Fairfax, VA
  • Posts 10
  • Votes 2

Also, many of you mentioned that you shouldn't utilize 35% of the credit limit that Fund and Grow gets for you. But if you need $400k to buy a distressed property, how long would that take for you to get there? Given that you combine part from your credit card and HML.

Post: Fund & Grow Financing

Ty TruongPosted
  • Flipper/Rehabber
  • Fairfax, VA
  • Posts 10
  • Votes 2

Quick question for those who are using Fund and Grow. I read through the posts and there aren't that many strategies of how to convert your credit line to cash without incurring the balance transferring fee. Some mentioned GoldMoney and Plastiq as the alternative method. I'm interested because I did a balance transfer with my personal cc at 0% fee for 12months (it rarely happens so I maxed out $40k on that cc for the transfer). Fund and Grow just called me recently to do that for the business. I can pretty apply the same concept that I did before to my business without paying the $3997 fee. Is it really worth it? How do you remove these soft inquiries that affecting your business score btw? Any feedback is helpful. Thanks. Ty

Post: First Purchase Today!

Ty TruongPosted
  • Flipper/Rehabber
  • Fairfax, VA
  • Posts 10
  • Votes 2
@Gregg Heminger congrats

Post: Continued Post regarding obtaining Licenses in DC

Ty TruongPosted
  • Flipper/Rehabber
  • Fairfax, VA
  • Posts 10
  • Votes 2

I started a post regarding obtain licensing in DC and got great information. However, the post got flagged and removed by BP so I am trying to continue with the post here.

I think the last comment on the post was from @Charles Ford regarding the Home Improvement Contracting License at DCRA.

Post: Network with local RE investors in NOVA, DC area

Ty TruongPosted
  • Flipper/Rehabber
  • Fairfax, VA
  • Posts 10
  • Votes 2
Good afternoon BP community, I’ve been on BP for a while and love reading your stories, both successful and non-successful. I’ve been doing short term rentals and had to dive in and made major fixes before. Recently, I just got my RE license with the intention to farm through the MLS and connect with other investors to find fix & flip properties. I’m still new at the whole fix & flip and would love to learn more experience or hear advices from the veterans here. I welcome all feedback from everyone. Thank you.