Need a Contractor?
Stephanie Luciano - 503-285-4382 - Portland, Oregon
Investment opportunities are abundant! Some are local, some are out of state. Some are in short sales, others are in lease-options. Some are commercial, some are residential. With so much available and so much to consider... where do you start? You've come to the right place - whether you're a seasoned veteran or looking to make your first deal you can find some helpful information and links right here.
General Sites
Lending limits are now allowing for 10 investment properties raise from 4. They are increasing down payment percentages, but at least financing is loosening up a little!
Landlord's Corner
Commercial
If you're a business owner and do not own your own building you may be missing out on one of the most valuable investments you can make. Even if you're a small businesses or even a home office, you could benefit from owning your own building. There are large and small properties you can invest in - some may just be a home that is in a commercial zone, others may be full on warehouses, office buildings, or other opportunities you can make your own - or even become a business space landlord.
| Commercial Lease Guide | LoopNet (commercial) | Commercial Investor |
Investments in Short Sale, Foreclosure, Distressed, REO
This is a great time to buy. Why? Homes are on sale right now and interest rates and loan fees are still very low. With the bailout plan approved, you won't find these types of deals forever. Homes are on sale because many have been foreclosed on or have been short saled so regular properties (with homeowners not in distress) are competing against homes that are selling below market. Retail homes and new homes are trying to keep up. With so much in inventory buyers have their pick and sellers are making all kinds of concessions.
What the heck is a short sale anyway? Read this article to find out more. Or try Wikipedia version. Or Mortgage News Daily's version. What about buying a short sale?
There's a lot going on in both Oregon and Washington with the new laws pertaining to distressed homeowners. Before you venture out be sure you know the law!
| House Bill 3630 (Oregon) | Oregonian on HB 3630 | More About HB 3630 |
| Oregon Foreclosure Info | National Foreclosure Prevention HR 3221 | House Bill 3221 |
| Washington Foreclosure Info | WA HO Security Task Force |
If you're interested in finding bank owned (REO's), short sales, or other great bargains on properties I can set you up on a FREE search for Portland properties that match your criteria as far as price range, area of town, number of bedrooms/baths, etc. This system I have will search the MLS each day to find properties that match your specific criteria and then send you a list each day that something matches your desires. There is no obligation and the list includes the address so you can drive by at your convenience to decide if you have further interest in seeing the property. When you want to see the property, just give me a call and I'll make the arrangements. It's as easy as that.
Calculations
Market Value / Annual Gross Income = Gross Rent Multiplier (GRM)
GRM x Annual Income = Market Value
CAP Rate: Divide the net operating income by the sale price
Break Even Ratio = (Add Debt Service + Operating Expenses) / Operating Income
Rental Property Analysis (Excel
Spreadsheet-save it and change it to fit your needs)
For more information about definitions and calculations click here.
Property Managers
| Realty Management Advisors 2075 SW 1st Ave Portland, OR 97201 503-224-6956 www.rmaoregon.com Larry Simpson larry@rmaoregon.com |
Wright, Williams & Assoc 809 N Russell St #201 Portland, OR 503-335-3300 |
Spears Property Management 2622 NE Alberta St Portland, OR 97211 503-287-2880 |
| Anderson Property Management 2227 NE 19th Portland, OR 97212 503-284-8022 |
Performance Properties, Inc 1637 Laurel St Lake Oswego, OR 503-635-0099 |
Rental Housing Association |
Hard Money Lenders
| Your Name Here? |
Property Insurance
| Nathan
Zimmer Multi-line Agent Investment Solutions Representative COUNTRY® Insurance & Financial Services 1042 NW Norman Ave. Ste. 210 Gresham, OR 97030-5552 503-740-3028 Cell 503-492-2228 Office 503-492-4887 Fax nate.zimmer@COUNTRYfinancial.com Agent Website |
State Farm Bruce Wood/Dale Salem 503-370-7716 |
TAX/LEGAL/OTHER
| RE Investor Tax HELP David Tuck david@anviltax.com 971-227-9052 Anvil Tax and Accounting, LLC |
RE Attorney Richard A Uffelman 3 Centerpointe Dr Suite 250 Lake Oswego, OR 97034 503-620-8900 |
Vista Prints (some free) |
Education
| WIN Corp | Trump U | Robert Allen |
| Your Education HERE | Robert Kiyosaki | Rental Housing Association |
Please help me help the real estate investment world... if you have a link, product, or service that you feel would benefit real estate investors, please drop me an e-mail with your suggestion.
Oregon First
PDX Equity Team
5136 NE Garfield Ave
Portland, OR 97211
503-285-4382
Stephanie Luciano
Links are for educational purposes only and investors should seek competent one-on-one legal, tax, real estate advice prior to making any investments. All claims and information should be independently verified.