Buying investment property in Oregon doesn’t have to be risky

By
Real Estate Agent with Keller Williams Realty

 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
Phone: (503)524-9494
Fax: (503)622-8739

 

                    

                                    

Posted by


Todd Clark (broker w/ Ken's Home Team)
Keller Williams Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573

 

 

 

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 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

What if there was a way you could search the  MLS for FREE just like Realtors

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you'll be emailed all homes that meet your search criteria. You'll get internet access to a website that includes pictures, prices, and addresses to real estate that's listed in the MLS!

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Topic:
Real Estate General Information
Location:
Oregon Washington County Beaverton
Groups:
Creative Financing, Grants Deal Closers
Lease Option
Tags:
buying investment properties in beaverton oregon
todd clark

Comments 9 New Comment

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Rainmaker
1,325,764
Vickie Nagy
Broker for San Ramon, Danville, Dublin, Pleasanton
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932
Todd, as always you show why you are a GREAT Realtor. Looking carefully for cash flow shows the signs of a great buyers rep.
March 05, 2008 12:12 AM
Rainer
68,801
Judy Tuscano
NH Real Estate Professional
Prudential Verani Realty
Todd, This makes so much good sense. I am forwarding a link to this post to my partner who handles the finance end of our business.
March 05, 2008 08:54 AM
Ambassador
2,032,210
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

Vickie - Thanks for those kind words, I do try to make every thing I do a win-win for everyone involved or I won't do it!

Judy - I would love to hear what they have to say on it, as I am always looking for input!

March 05, 2008 09:29 AM
Rainmaker
437,217
JL Boney, III
Columbia, SC Real Estate
Russell and Jeffcoat
Great advice Todd, Keep up the good work and have a great day.
March 05, 2008 04:46 PM
Rainmaker
138,754
Gary Miljour
Mortgage Lending for Arizona and California
Starboard Financial

Todd,

As always great advice,  Also, to add, sometime making that first leap of faith of buying your 1st investment property is important is can be scary.  It was hard for me the 1st time, after that is much easier.

 

 

March 07, 2008 09:55 AM
Ambassador
2,032,210
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

JL - Thanks, hope you get to use with one of your clients one day.

Gary - Heck, it was hard for me to put that $5000 down on my first home, the investment property was even harder and then it was weird, I realized these people paid me money to let them live there and paid my mortgage? Was I missing something...Nope, it was a great world that day!

 

March 09, 2008 04:20 PM
Rainer
48,837
Steven W. Monk
V. P., 1031 Exchange Expert
Exeter 1031 Exchange Services

Hi Todd,  Interesting, what is funny to me is I have alot of investors selling here in CA and buying in Oregon who don't know the market at all.

Steve

March 27, 2008 12:10 PM
Rainer
45,876
Charles Parrish
Auction Brokers & Investors United

I don't get it!!  How is the investor benefiting from your system.  I may be a little slow, but if you are doing a lease option using someone eleses monay, who benefits.  What happens if the seller owes more that the value of the property, what happens it the seller can not be found when it is time to settle?

Charles

November 10, 2008 05:32 PM
Ambassador
2,032,210
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

Steve - I'm so sorry to hear that, if you don't know the market, your risk goes on ten fold! If they need help, don't hesitate on sending them by way.

Charles - The title is put in to a trust, so even if the seller skips town the executer to the trust can close it. There is a memorandum put on title, so no new liens can be put on the property and the escrow company I use pays all underlying mortgages, taxes and insurance before giving the present owner any money.

April 06, 2009 04:31 AM
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Todd Clark

Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
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