investors: Beaverton Oregon Real Estate: Don’t look at my nuts
- 10/03/11 07:14 AM
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)
investors: Are you a vulture or a savvy investor?
- 08/19/11 09:38 AM
You have all seen them, the day the notice of default list comes out, and there is someone on the home owner’s door step with a cash offer. Most of the time the owners don’t fall for these peoples lies, but from time to time the owners waste months and months to find out the banks aren’t going to accept or even entertain these offers. (This then leaves the owners with days to find an agent and a new buyer to avoid foreclosure) But, then there are the times the banks do accept these offers for whatever reason. So, at … (8 comments)
investors: Banks going after investors who are just trying to protect themselves and their investments
- 04/11/10 01:37 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 hadput his home in an LLC on the advice of his lawyer to avoid any potential … (19 comments)
investors: I am not a big fan of the lowball offer, but what if it gets accepted?
- 02/13/09 10:42 AM
I presently have 7 short sales listings in my listing inventory and I'm not a big fan of the person that comes in within one week of the home being on the market and writing an offer for 40-50% of the loan amount. The fact is, when a buyer calls on one of these short sale properties, I refer them to another agent in my office as I don't like to work both ends of the transaction. I don't feel I can be fair to all parties involved with all the work that is involved in a short sale. But, what happens when … (126 comments)
investors: Oregon is just full of giving people this month
- 10/28/08 04:37 AM
I have to ask, did Christmas arrive early and I miss it? Last late week, I wrote a post about Santa Claus and his early Christmas present to one of my clients. But, then last night on the news, I hear a story that at one of our local auctions a son and mother team heard a lady crying when they announced a certain house. They decided to bid on it, won the house in the auction, and then gave the house back to her. Talk about giving! This couple deserves to be applauded for what they did, these people are investors, … (1 comments)
investors: Renting to people with bad credit can make you big money!
- 09/30/08 05:23 PM
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, but … (18 comments)
investors: Investing in real estate at 60% of appraised value can’t hurt your portfolio!
- 09/25/08 04:55 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. Why are … (4 comments)
investors: The importance of inspection timelines and why we have earnest money
- 10/18/07 01:44 PM
This happened to me a few years ago, but it brings up an important thing to know about inspections, earnest money, and the reason we have earnest money in the first place. This situation involved a newer agent that clearly didn't know what she was doing, and thought she had found her sugar daddy in an investor who moved here from California with a lot of money in his hand from a sale of a property down there. What his idea was is when ever a property would come on the market, he would put a full price offer on the home, … (9 comments)
investors: Beaverton Oregon Investing: Rehabbers Protect Yourself!
- 09/19/07 05:09 AM
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)
investors: 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 11:47 AM
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 very long time, … (3 comments)
investors: Beaverton Oregon Real Estate: Spend the same on your child’s college and invest in your children’s future
- 09/13/07 03:26 AM
You are about to send you kid off to college and he is going to be renting a room for the next four years at a cost of $500 per month. Why not take that $24,000 and gift it to your child and let him buy a tri-plex or a four-plex? Instead of paying $500 a month he could be collecting $2,500-$3000 a month. In college, students don't necessarily rent a house or a unit, they rent a room. If you have 3, two bedroom units available, and you rent each room for $500 a month, your child is making $3,000 a month … (5 comments)
investors: Beaverton Oregon Real Estate: The Empowered Investor - Investment Club
- 09/07/07 02:37 AM
Beaverton Oregon Real Estate: The Empowered Investor - Investment Club by Todd Clark I've started an investors club here in Oregon called, "The Empowered Investor". It's a club with both new and experienced investors. The wonderful part of this club is that no one criticizes anyone's ideas. In fact, some of my most experienced investors have been very impressed with some of the first time investor ideas. What happens is, with time, investors start to get in a rut and never change what they are doing or how they are doing it. First time investors, with their thirst for knowledge, can bring new techniques … (3 comments)
investors: Beaverton Oregon Real Estate: It may have become the time to buy
- 09/06/07 01:14 AM
Beaverton Oregon Real Estate: It may have become the time to buy by Todd Clark If you have been watching the home market for awhile, you may have noticed that homes are starting to sit for a longer time than they have in the past few years. If you are a buyer, this can be a great opportunity to find a home that just a few years ago would have been lost due to a bidding war with another buyer. When the homes start to sit on the market a little longer, and bidding wars don't happen, this is what is known … (6 comments)
investors: Beaverton Oregon Real Estate: Don’t say no to an investment property again
- 09/03/07 06:17 PM
Beaverton Oregon Real Estate: Don't say no to an investment property again by Todd Clark As an investor myself, I was always running into other investors that would say, "I had this property last week that was perfect for a rehab or a rental". Then they would say, "Unfortunately I am already tied up with two or three other properties and couldn't grab it." This has all but stopped, since I have started my investors club. I have been bringing investors together and putting a list of wants and needs together for each investor. So now, when an investor finds a property that … (1 comments)
Many first time home buyers wait until they are married, have children or some other grand event such as a raise or promotion at work. This blog post is going out to all of you who just graduated high school or college. Why not start investing in your future now? One of my richest friends started out investing when he was 19 years old, and heading to college. Instead of renting a room, his parents decided to lend him the $15,000 that … (7 comments)
investors: The secret maybe as close as the neighbor
- 08/14/07 12:32 PM
Want to know how to find great homes, in great neighborhoods, at a GREAT PRICE? The secret maybe as simple as going home on a different side street everyday until you find what you are looking for. What are you looking for? An uncut lawn, newspapers stacked in the driveway, and just general disrepair. Many of these homes have just been abandoned do to death, divorce, or other life changing event. This is where talking to the neighbor can help you find out the details on a property that the owner may not want you to know. I have gotten many great deals … (7 comments)
investors: Finding the right investment property for you
- 08/07/07 04:44 AM
Yesterday I met an investor at our condo conversion project that wanted to buy one as a rental. He was upset that the HOA dues and the interest rate his bank was going to charge were going to be more than he could charge for rent. I explained to him, that he may want to consider buying a home in another part of the city where the price of the home and rents collected would be closer together. He said he didn't want a house, because he would have to do all the yard work. I asked him if this was his first … (0 comments)
investors: My Investment Group Grew Today
- 08/01/07 04:52 PM
Today my investment group got bigger... by a lot! One of my primary investors introduced me to three other investors today, including one that buys 30-40 properties a year. Why did this investor introduce me to these other investors? Here is what he told the other investors when he introduced me. He told them that he trusted me, because I was blunt about deals and I didn't lie to get deals done. He said my main goal was to make sure the property was going to make him a profit. Today, when he was looking at a property, I asked him the first question … (7 comments)
investors: Are you an investor that is sitting on the fence?
- 07/12/07 06:26 AM
Someone who could be the next greatest investor may never get to be, because they are always sitting on the fence about doing it. Let me tell you this, 99% of people who spend $2000 on investment CD's and seminars never do a single transaction. The 1% that do something are the ones you read about on the back cover of those CD's and books.
One of the most famous fence sitters I can think of was Humpty Dumpty and he got off the fence, but it wasn't by his choice. So get down off the fence, invest in that first property. … (5 comments)
investors: Renting to family is a bad idea!
- 07/11/07 05:36 PM
I presently have a property listed that had the worst possible renters, FAMILY! The situation was, the parents bought the property so their daughters could rent it back from them. So far so good. But the one of the daughters didn't pay the rent and damaged the property to the point that is nearly impossible to sell. They ruined the carpet, damaged the garage door and just left the place a mess. So now the poor parents had to dip into their retirement and go back to work at age 77. It is looking like the foreclosure will happen, if the bank doesn't allow a short … (14 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.
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.
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