One of the biggest concerns for a first time investor is that they will lose their shirt in a bad investment property. The key to protecting yourself is to have an exit strategy and let other people pay for it!
I know that sounds crazy, but I have buyers that don't have the credit to buy property and want to buy on a lease option or owner financing. Sometimes, these buyers have a rather large down payment and if you use their down payment as your down payment then you can get a property at 80% LVR without using any of your own money. If the buyer, for some reason, backs out of the property and you have to foreclose, how bad would that be to have to made a 20% profit on a home that you didn't spend any money on?
Another advantage is because they are buying the property from you on a lease option or owner financing, you are also making a positive cash flow per month for the right to buy the property from you.
If you are an Oregon investor and are looking to buy properties that are in foreclosure, probate, or other distressed quick sale situation, and want to make a profit buying this property with your name and someone else's money, then please contact me and you can come to one of our Empowered Investors meetings and talk to others that this is working for.
Todd Clark - Broker / Sales Coach
Palazzo Realty Group