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Updated about 16 hours ago on . Most recent reply

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40
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Christopher Pride
  • Real Estate Consultant
  • Brookings, OR
19
Votes |
40
Posts

Looking for small developer to partner with in Oregon

Christopher Pride
  • Real Estate Consultant
  • Brookings, OR
Posted

Hi I am looking to develop 4 plex properties in the SW corner of Oregon. I have experience with fix and flips and I'm about to be (re) licensed as a Broker in Oregon.  I have never done a ground up build. I am looking forward to the challenge but could use the advice of someone more experienced.

The plan: Have close to 200k to put in, willing to do leg-work to buy land, get permits, build (likely modular/manufactured), finish, rent for 2 years and flip.  I could use someone with experience to mentor, help with financing hurdles, and advice throughout the process.  

I would also consider a larger or long-term project including buying and bifurcating, building in phases and other methods depending on property, opportunity and market conditions.

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,497
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43,010
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Chris Seveney:
Quote from @Christopher Pride:

Hi I am looking to develop 4 plex properties in the SW corner of Oregon. I have experience with fix and flips and I'm about to be (re) licensed as a Broker in Oregon.  I have never done a ground up build. I am looking forward to the challenge but could use the advice of someone more experienced.

The plan: Have close to 200k to put in, willing to do leg-work to buy land, get permits, build (likely modular/manufactured), finish, rent for 2 years and flip.  I could use someone with experience to mentor, help with financing hurdles, and advice throughout the process.  

I would also consider a larger or long-term project including buying and bifurcating, building in phases and other methods depending on property, opportunity and market conditions.

 @Jay Hinrichs - no anyone who may be interested?


Chris thanks for thinking of me.. Brookings is very remote spot of Oregon so there is going to be limited access to investors etc.  My suggestion would maybe the OP goes to some meet ups in Grants Pass or Medford  the closer to the project the more enthused investors will be. Spec building for someone with Zero experience will be tough with Oregon banks.. However some of the larger HML on the West coast might take a swing.

Conventus
Iron Bridge
Kiavi 

But you know rural is a tough nut to crack.. Beautiful area but as I said quite remote. I like the Modular home play though.. getting subs on the Oregon coast is really tough.. Even up in our area that is only 90 minutes from PDX . Brookings is 6 hours :)  
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JLH Capital Partners

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