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

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Rainmaker
1,354,914
Vickie Nagy
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932 - San Ramon, CA
Broker for San Ramon, Danville, Dublin, Pleasanton
Todd, as always you show why you are a GREAT Realtor. Looking carefully for cash flow shows the signs of a great buyers rep.
Mar 05, 2008 12:12 AM #1
Rainer
68,801
Judy Tuscano
Prudential Verani Realty - Nottingham, NH
NH Real Estate Professional
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.
Mar 05, 2008 08:54 AM #2
Ambassador
2,035,620
Todd Clark
Keller Williams Realty - Beaverton, OR
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494

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!

Mar 05, 2008 09:29 AM #3
Rainmaker
437,367
JL Boney, III
Russell and Jeffcoat - Columbia, SC
Columbia, SC Real Estate
Great advice Todd, Keep up the good work and have a great day.
Mar 05, 2008 04:46 PM #4
Rainmaker
139,482
Gary Miljour
Starboard Financial - Tempe, AZ
Mortgage Lending for Arizona and California

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.

 

 

Mar 07, 2008 09:55 AM #5
Ambassador
2,035,620
Todd Clark
Keller Williams Realty - Beaverton, OR
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494

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!

 

Mar 09, 2008 04:20 PM #6
Rainer
48,837
Steven W. Monk
Exeter 1031 Exchange Services - Fresno, CA
V. P., 1031 Exchange Expert

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

Mar 27, 2008 12:10 PM #7
Rainer
45,886
Charles Parrish
Auction Brokers & Investors United - Baltimore, MD

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

Nov 10, 2008 05:32 PM #8
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Todd Clark
Keller Williams Realty - Beaverton, OR
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494

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.

Apr 06, 2009 04:31 AM #9
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Todd Clark

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