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investor: 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)
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investor: 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)
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investor: 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)
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investor: 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)
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investor: 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)
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investor: 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)
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investor: Get your investment property today with a lease-option - Part 2 - 07/02/07 01:27 PM
Last week I wrote about a condo conversion my company was doing and that I wanted to purchase one, as aninvestment, on a lease-option.
http://activerain.com/blogsview/134408/Get-your-investment-property
The problem that I had, was someone was living in the unit I wanted and I was offering to buy them out of theirlease and then move in.
Well, I'm happy to say, the owner accepted my offer for a lease option, but we didn't get the original unit that Iwrote about. What I considered to be a even better unit opened up, with a bigger back yard and we decided totake that one. My family and I are … (4 comments)
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investor: It’s not easy being green - 06/27/07 08:02 PM
Have you ever walked into a property and the first thing you see is a green shag carpet?
Well, there are a lot of homes still out there like this, and the reason they can't sell is because people lack vision and can't see past that thick shag carpet.
I see this in a lot of probate homes and this is why investors who buy these homes get such great deals. They can see past that, but pretend they can't and ask for discounts. The family, for some unknown reason, would rather discount the price of that home … (5 comments)
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investor: Don't let someone decide your future get a self directed IRA and maximize your retirement - 04/19/07 09:54 AM
You have a 401K and it is only earning you 10% a year max and you can only contribute up to $6000 a year depending on your age and situation. Who decides what you invest in? Some stock broker across the country somewhere in an office. What if there was a better way?
Well there is and it is called the self directed IRA. A normal 401K's value is determined by the stock market, if it goes up or down and it is a complete guessing game. With a self directed IRA you can use your IRA to buy real estate, … (0 comments)
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investor: Beaverton Oregon Real Estate: Make more money from your rental property - 04/18/07 06:51 PM
Are you a jaded real estate investor? Did you buy that rental with dreams of never having to work again and living on an island? At first that rental property looked great, for six months you were getting rents on time, the home looked wonderful and your mortgage was being paid by someone else every month. Then came that day the first rental check didn't show and you call the tenant to see what is going on and their phone has been disconnected. You drive to the house and it has been thrashed and you don't even recognize it. Your first … (0 comments)
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investor: Beaverton Oregon Real Estate: How to make what seems like a bad deal into a great investment! - 04/18/07 04:13 PM
Even if you know how to get the great deals as an investor you will from time to time make a mistake. But, that doesn't mean it has to cost you thousands of dollars.
One mistake I see in real estate investing is not calculating the cost of repairs correctly on a fixer up property. That doesn't mean you have to lose your shirt in the deal. With the proper guidance from an experienced Realtor who deals in investment properties they can help you recoup your losses even on the worst calculations.
One suggestion is to do a lease option … (0 comments)
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investor: Beaverton Oregon Real Estate: Rehab your way to riches buying rental properties - 04/15/07 02:15 AM
There are two types of landlords in the world. New landlords and landlords ready to get rid of their property out of frustration. If you can find a landlord that has a fixer up rental you can buy these properties once they go vacant for as little as fifty cents on the dollar. They have no income coming in on the property and they now are told they need to spend thousands to fix it up to make it livable. You then can buy the property, rehab it and then lease option it on a two year contract.
The two year … (2 comments)
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investor: Beaverton Oregon Real Estate: Making money with Condo conversions - 04/12/07 09:48 PM
There are three ways to make money in the condo conversion market. The first thing you need to understand is what a condo conversion is and how it works.
A condo conversion is done two ways. The first way takes an old apartment complex and goes through the steps of setting up an HOA and CC&R, getting the tax ID's, brings them up to code and converts them to individual condo units. The second is taking a complex that was built as a condo unit, but became apartments because the market wasn't ready for condos. Each unit is then individually updated … (1 comments)
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investor: Beaverton Oregon Real Estate Investing: Using the IRS 1031 exchange to your benefit - 04/12/07 09:37 PM
What is a 1031 exchange and why do I need it? If you an investor and don't know the answer to these questions, then pay attention, it could save you thousands on your taxes.
A 1031 exchange is a way for you to sell a property that has had a capital gains increase since you bought it, then you can take the equity from that property and apply it to a investment property of equal or greater value, without having to pay tax on the capital gains until you sell the property. The key is the property has to be of … (4 comments)
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investor: Beaverton Oregon Real Estate: Don’t be in the dark when selling your home - 04/12/07 12:45 PM
When you walk in to a lot of houses today do you notice there are no lights in the living room or family room? Why is this? It was original done to save money on wiring and permits in a lot of homes. What the builder wanted you to do is put lights in the corner that plug in for mood lighting. The only problem is that it makes the rest of a room very dark and when you go to sell a home a dark room looks smaller. What I suggest is either put in a ceiling fan with very … (0 comments)
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investor: Control you own future with your retirement - 04/11/07 10:19 AM
One of the best ways to control your retirement is contributing to your 401K every year. The only problem is the maximum you can contribute per year is $14,000. But there is a way to get almost unlimited money contributed to your retirement and get the money tax free at the time of retirement.
The first thing you need to do is transfer your money to a self controlled IRA. Then you can buy fixer properties with your IRA, fix up the property with IRA money and then when you sell the property all the money is given back to the … (0 comments)
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investor: Owner willing to finance or do a Lease-Option (SOLD) - 04/10/07 08:59 PM
Owner will carry a contract or do a Lease-Option Location: 97396 Owner Financing or Lease Option available. Interest rate to be determined by the amount of down payment. Lease Option for 2 years (Lease Price to be $150K) Zero Down Payment options available. Home features seperate utility room, pantry. Storage closet in the garage, Large open kitchen, View from living room and Master BedroomMaster bath features his & her sinksGarage door opener features and outside code boxThe house pre-wired for cable Information Contact Information Todd Clark 503-524-9494 Todd@IFoundYourNewHome.com Contact Reply Form Forward to a Friend View Other Flyers Pricing Asking Price: … (0 comments)
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investor: Pay off your mortgage years earlier without even realizing it - 04/07/07 04:20 PM
There are many things you can do to lesson the time of your mortgage and increase your equity without really doing anything that will affect your monthly budget and below I have given you just a few.
Did you know that if you pay half your mortgage payment every other Friday instead the full payment once a month that you are doing the same as paying one extra payment per year? That is correct, the key is to use some kind of auto pay through your bank and pay every other Friday. There are 12 months in a year, but not … (3 comments)
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investor: Learn to make money on any investment property - 04/06/07 08:54 PM
As a Real Estate agent, I love to hear an owner say, "I'm tired of throwing away money every month on my investment properties." That means one of my investors is about to come in and make BIG money, every month, month after month. I even get more excited for my investors when the owner of the investment property says, "The renters have destroyed the property and it is now a major fixer, just take it, and make me an offer."
Here is why my investors and I get so excited! The problem is most investors buy a rental property that … (0 comments)
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investor: Let someone else invest in your NO MONEY DOWN investment property - 04/05/07 04:29 PM
By law you need to put some kind of consideration down to make a contract valid. Be it earnest money or a boat, there has to be something of value given to a seller in order for a contract to be valid. There are many different investment opportunities, but today I'm going to focus on just one.
The FIXER UPPER and how to buy it with little or NO MONEY DOWN
First of all if you are in the investment property business and you usually only have one thing in mind...making money and that is what this blog will teach you … (0 comments)
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Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert)
Beaverton,
OR
More about me…
Knipe Realty
Address: Office Address: 7420 SW Bridgeport Road #210 Portland, OR 97224 Serving: Beaverton, Tigard, Aloha, Hillsboro, Tualatin, Portla, Serving: Beaverton, Tigard, Aloha, Hillsboro, Lake Oswego, Sherwood, Tualatin, Wilsonville, West Linn, OR
Office Phone: (503) 524-9494
Cell Phone: (503) 524-9494
Email Me
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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