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Updated about 7 years ago,
Introduction from Medford, OR
Greetings Bigger Pockets, my name is Jordan and I've been investing for about a year in Medford OR. I'm interested in buy and hold long term; I purchased two duplexes for my first deal, and am set to close on a bank-owned triplex next week. Looking forward to having 7 units under my belt shortly.
I learned a great deal on the first deal. I did an owner carry with a low down payment and paid a little more than I should have as I was primarily looking at cash on cash return. Now I'm going after having more equity in the deal via buy low, renovate, and cash out refinance / BRRRR. I was also a landlord for my first year of RE investing while having a full time job that requires a fair amount of travel + a newborn. I do not recommend that approach--I've since wised up and put the duplexes under property management, and gotten my DIY/jack of all trades tendencies under control and converted into more of a 4-hour workweek philosophy.
Anyone here dealt with squatters holding up an appraisal?! Appraisals take long enough in OR already, I'm dealing with transients impacting appraisal times. I lined up a locksmith, my agent, and will have a sheriff present to make sure the appraiser gets in without a problem. The prior round the appraiser ran into an extra deadbolt being locked, and from the time I was out there during inspections with my GC someone has since camped out, inside.