Port Angeles Real Estate Investing

Investor's Corner

If you are an aspiring investor, there is much to learn. If you have already done a few deals, there are many traps for the unwary ahead. If you are an experienced investor, you know the need for knowledge, good counsel, careful and wise planning, and you know the value of what is freely shared on this site.

Here are some special areas of interest for real estate investors.  Here we hope to put some meat on the skeletons of some of what you have learned at real estate seminars.

1. Buying/Investing in the Right Property (see Landlord Section)
   
2. Real Estate Foreclosures (Deed of Trust Foreclosures)
   
3. Real Estate Contract Forfeitures (Real Estate or Land Contracts)
   
4. Paper Transactions (Profit Without Owning Real Estate)
   
5. Joint Ventures (the best kept secret if done right)
   
6. Suit on a Promissory Note in Default (coming)
   
7. Stories of Success (local and true)
   
8. Coaching & Mentoring (by special appointment)

Short Checklist For Buying Vacant Property:

Perc Results	Fire Protection
Soils Report	Environmentally Sensitive Areas
Bluff Stability	Test Flood Plane
Toxic Waste	Test Wildlife Habitate (Owl Nests)
Buried Fuel Tanks	Industrial Noise
Road Work, Road Maintenance	Open Space/Forest Designation
Clearing Bypass/Freeway Construction	Agricultural Designation
Survey Removal	Airport Approach
Exact Size of Property (corners)	Final Plat Recorded
Power/Hook-up Fees	Timber Clause
Water/Hook-up Fees	Telephone Access/Cost
Escrow Note Collection	Well (private, community, utility)
Legal Access to Property	Release Clause/Partial Reconveyance
Covenants, Conditions & Restrictions	Possible Land Use Change
Re-Zone, Variance, Conditional Use	Financial Statement From Buyer
Zone Compatibility w/present use	Shoreline Management Act
Comprehensive Plan & Zone Change	Talk to Neighbors
Irrigation Ditches (run all/partial year?)	Timber Cruise & Value of Timber
Wet Lands	Geotechnical Report

There is so much to know about buying vacant land, in other words, there are so many traps for the unwary, that I strongly recommend you work with an experienced Realtor who can be your Buyer's Agent.  How do you think attorney's make their money?  Often it is by disasters.  Don't get caught in a nightmare transaction.

Best regards,

Best regards,