Bend Oregon investor

[Harold Hanover]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Cash invested: $120,000

Home with mother in law studio. Two units.

What made you interested in investing in this type of deal?

Retirement

How did you find this deal and how did you negotiate it?

Realtor. Fast. First to offer as Bend was recovering from punishing bust cycle.

How did you finance this deal?

conventional

Lessons learned? Challenges?

playing the use local contractors and property managers game has paid off.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

absolutely not.

[Harold Hanover]

Hello Folks. At the time, there was practically a land rush in Bend, lead by a lot of realtors. The realtor with whom I worked and who came highly recommended appeared to be working either against me or taking their time helping me. In other words, it seemed I was competing w/ the realtor for buying up recovering real estate at the time. Although I was inexperienced at the time, that was a teachable moment for me.