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investing: Come ride the wave of great deals in the Beaverton, Oregon real estate market - 01/02/12 12:52 AM

We have investors that have seen the deals and are now riding the waves in Beaverton, Oregon. They know buying these homes today at greatly discounted prices are netting them a profit each month in rental income and they are hoping in 10 years to be able to sell them a huge profits. 
But, you know what? They don’t care if they don’t increase in value because they are making $300, $400 and in a couple cases $500 a month in rental income above and beyond their PITI payments. How would you like to get on board and ride this … (6 comments)

investing: Beaverton Oregon Real Estate: Don’t look at my nuts - 10/03/11 02:14 PM
Don’t look at my nuts or at least stop looking at me like I am nuts! Over the past couple months we have seen the news reports that real estate prices are starting to climb nationwide, but here in Beaverton, home prices have stayed the same and even dropped in some areas.

This is normal for the Beaverton home market area and we always seem to lag behind the national market. We did this when the market started to fall a couple years ago and we continue on that trend. But, this is why I am telling you the first … (7 comments)

investing: I know you said you would invest in real estate in the Portland area when pigs fly, well… - 07/17/11 10:53 AM
I know you said you would invest in real estate in the Portland area when pigs fly, well… This is the time, because pigs are starting to take flight! You see right now you can buy properties on mortgages again at monthly payments that are well below what the current rent would be on those homes.
Presently more than a 1/3 of the homes are being bought up by smart investors who are buying these properties for prices that are giving them a monthly income of up to $500 a month! Can you imagine buying a property for $800 a month … (7 comments)

investing: Banks going after investors who are just trying to protect themselves and their investments - 04/11/10 08:37 PM

With all the foreclosures going on in real estate you would think the banks would have their hands full, but seems this isn’t the case with all banks. Recently one of my investors who owns 5 homes got a “Due on Sale” notice from his bank that he had 90 days to pay or they were suing him for the money.


What was the real problem with this notice? He hadn’t sold, he still owned the property, so what triggered the due on sale notice? He had put his home in an LLC on the advice of his … (19 comments)

investing: I know there is fraud here somewhere, but why? - 10/18/09 11:55 PM

I know there is fraud here somewhere, but why? I was talking to one of my investors the other day and he said he was talking to an investor buddy of his that is going to try something that he heard about on a radio show, but my question is and was… WHY?
You see, the idea was that these investors where doing 1031 exchanges on properties and what they would do is show on the HUDs that they were buying properties for say $200,000 but in reality they were paying $250,000 in cash and the last $50,000 was under … (14 comments)

investing: I was almost given a home in Florida, thank goodness I didn’t take it! - 09/13/09 11:53 PM

What? Todd, you were being given a home and you didn’t take it? Yep, you read that correctly! I was given the same test as my mentor and coach and I failed! You see, an investor down in Florida was giving away a condo, I thought “GREAT! A perfect investment property”
That is when my friend, coach and mentor pointed out some very hard math that I didn’t consider. The first was I couldn’t sell it if I took it, because the banks wouldn’t lend on it because it hasn’t been finished and 80% of the building has been … (15 comments)

investing: The Savvy Investor: Even they don’t always know our real estate terms (Part 2 in a series) - 09/01/09 06:43 PM

The other day I was on a conference call with a few of my investors who were introducing me to a new “Savvy Investor” who was looking for a new agent. His agent just wasn’t doing it for him and they knew I could wow him, as I had done them.
So far so good, we got to the basics, I talked about short sales, REO, Tax liens, Deficiency, 1031 exchanges and any thing else that may come up when it comes to trying to get the best deal for them on an investment property. I even sent them … (13 comments)

investing: Beaverton Oregon Real Estate and more: When investing, know the numbers before you buy! (Part 1 in a series) - 08/25/09 03:34 PM

When investing in Beaverton, Oregon, one of the biggest mistakes I see is the investors don’t know the real estate market or the numbers before they try to purchase a property. One of the problems with most investors is the same problem that most entrepreneurs have, we don’t take advice well. We all want to just do it, and because we know what is best for us, so we hire people to help us, yet we don’t hear their advice until after it is too late.

One of the things I tell investors is, I can give you the … (6 comments)

investing: Being an investor and being nice, don’t always work well together - 01/25/09 01:07 PM
For the past couple years I've had an investor that I have been working with and he is one of the kindest people that I've ever met. However, I've always been concerned about him because he always was so trusting of people and never would press his tenants when it came to contract breeches.
Well, today I found out that he has to file bankruptcy because he hasn't been receiving rent for over 4 months on one unit and 5 months on another. One of the people he has been trying to get out of his unit the whole time and … (13 comments)

investing: Oh, this family has got it down! How to get your foreclosure offer accepted - 12/04/08 02:12 PM
I ran into an agent that works with an investor who buys foreclosures and he has had great success getting his offers accepted. I had to ask, "HOW DO YOU GET SO MANY ACCEPTED?"
Well, her answer surprised the heck out of me, but it made perfect sense and the results spoke for themselves. What this buyer was doing was putting 5 offers in at the same time on the same property. But, not all in his name, one was in each of his family's names, but the highest was always in his name. He wanted to show the bank the … (21 comments)

investing: Renting to people with bad credit can make you big money! - 10/01/08 12:23 AM
Are you an investor with rental properties, but only seem to be getting people to put in applications that have bad credit? Don't let this keep your investment properties empty! I have some investors who cater to this type of client and don't have problems because they put safeguards in place that not only keep the rent coming on time. They also have rents that are above the market prices for the area, and not by just $25 or $50, we are talking hundreds higher per month.
How are my investors able to do this? They advertise a home for rent, … (18 comments)

investing: Investing in real estate at 60% of appraised value can’t hurt your portfolio! - 09/25/08 11:55 PM
I have a group of investors that have learned that investing in real estate doesn't have to be venture in losing money like so many investors have in the past year. You see, they learned that you can't really lose money if you are buying properties at 60% of the appraised value.
Why were they able to do this? Because they found out about homes before they even became part of the MLS, or they worked together with other investors and bought a group of homes (Portfolio) from banks at a discounted price and then they divide the homes among themselves.
… (4 comments)

investing: Another free tool to offer your investors - 08/05/08 11:36 PM
Yesterday I got a call from one of my investors and he gave me a free tool to offer my other investors who own rental properties. I love it when people from the Empowered Investors group share what they have found, without worrying about losing business or a competitive edge in the market place.
This group is so willing to share with each other, they'll work together to do 1031 exchanges. They just share new marketing ideas or cost saving loans with each other. It really is a community of investors wanting to help each other.
So, this freebie that he … (22 comments)

investing: Beaverton Oregon Real Estate: Investors, the best answer maybe let’s find out - 05/14/08 02:27 PM
I am amazed at how many investors hire an agent that seems to have all the answers, but really great agents will always say, "Let's find out." The reason I say this is because the biggest and most expensive mistakes made in real estate investing are the ones that are made on someone else's knowledge instead of your own due diligence.
Laws are constantly changing and what might have been the correct answer last week could be the wrong answer this week. That could cost you thousands of dollars, and to me that just isn't worth it.
When an investor asks me … (0 comments)

investing: The Three Little Pigs – Make sure your investment portfolio doesn’t blow down - 04/14/08 01:11 AM
I'm going to try to tie the Three Little Pigs story in to a story of three investors that I've watched over the past few years. Two are my clients and the third is one that another agent in my office works with. I will let you guess which ones are mine.
If you remember the story of the Three Little Pigs, the first one made his house of straw and when the big bad wolf came along, (for this story the wolf will be the slowing real estate market) he huffed and puffed and blew the pig's house down.
This … (6 comments)

investing: Selling a residential home with a uncooperative tenant – An easy solution - 03/05/08 07:28 PM
Have you ever had a residential home that you have been using as a rental and now you want to sell? Then when you go to put the for sale sign up, you find out you have a tenant that doesn't want you to sell, and does everything in their power to keep it from selling?
In my state you have to give the tenant 24 hours with a posted notice that you are going to be entering the property, then, if the tenant wants, they can still make it difficult for a buyer. They just leave the house a mess and … (7 comments)

investing: Beaverton Oregon Investing: Rehabbers Protect Yourself! - 09/19/07 12:09 PM

Why buy a property, fix up the property, put it on the market and then wait months for a buyer, when you can find the buyer before you even put a penny down on the property. Yes it is that simple! Do you purchase fixer properties, fix them up, and put them on the market for a profit? Have you ever had to discount the price of the home from what you originally estimated you could sell it for before the fix up?
What if I was to show you a way that you can find homes to fix up, make … (2 comments)

investing: Beaverton Oregon Real Estate: Dealing with a personal representative - 09/16/07 12:34 AM
If you have to ask what one is, then you have never dealt with a probate home or have not been involved in one yourself when a loved one or friend has passed on.
A personal representative can be anyone, a friend, relative or even a court appointed lawyer. The personalrepresentative is sometimes chosen by the deceased in their will.
The personal representative's job is to liquidate all of the deceased's items, pay off all the creditors, and then distribute the remaining to the heirs if there is any money left over.
Usually, except in the cases of lawyers, this person … (1 comments)

investing: How many other homes are Non-Owner Occupied? Know this number before purchasing a rental property in any neighborhood - 09/15/07 01:49 AM
Are you thinking about buying a rental property? Make sure you ask your agent how many other non-owner occupied properties are in the area first! Why is this so important to know?
                                                  
If an area has more non-owner occupied than owner occupied properties, it can actually affect the value of your property when it comes time for resale. Go look at neighborhoods that have more rentals than owner occupied homes and you will see a major difference.
When I look for a property to lease option, the first thing I look at is the neighborhood and how many non-owner occupied … (6 comments)

investing: Beaverton Oregon Real Estate Investing: If you are buying short sale properties or probate properties to wholesale them, don’t skew the numbers - 09/13/07 06:47 PM
Recently I met a couple of young guys who spent $25,000 on one of those "get rich quick" scams, as I like to call them.
They were doing everything right getting homes under contract, but when they were buying them at 70% of retail price they were using the highest comps they could find and not the average.
This always put their numbers closer to 80-85% of retail, then they got upset when they couldn't sell any of them on the wholesale market.
I really do feel sorry for these two, they are some of the hardest workers I've seen in a … (3 comments)

 
Helping Families Home is a blog set up to help families find that perfect home for them. I have a family and I understand how hard it can be to find a home that everyone is happy with. Let me help you find that home and help your family home.


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