All Forum Posts by: Austin Youmans

Got this message from my PM. Can anyone tell me what installing an air medium does?

"We received a maintenance request for the above property due to the heat not working properly. I dispatched a technician to inspect and diagnose. The charge for the diagnostic is $125.00.
They found that the return plenum is not properly attached therefore pulling dust and dirt in from the attic. Due to the age of the return, they recommend installing an air medium. This repair will be $750.00?

Hi @Cade Gardner , Nice job getting started so young. that is what every investor wished they did! PM me if you want to meet up some time.

Hi @Jonathan Manacchio, Vancouver is definitely easier to find deals than Portland but it is still takes time to find the good deals. It really depends how much you are putting down for cashflow but I tend to buy something that I can add value and then refinance to make it cashflow better.

Hey @Chris Shepard,

In the middle of a 1031 exchange and also buying a primary.

Are you looking to buy in Vancouver?

Yes, this makes financing more difficult and creates work for the buyer right when they close. 

I am buying a property now and I have so much real estate debt that my lender wanted the units leased out before we close. Doable but not ideal.

Only leave it empty if you are hoping to sell to a owner occupied buyer.

Good work @Denny Le

We bought another forclosed duplex and a house with an separate studio/land that we will probably sell soon.

We have also bought some more seller financed duplexes.

Nice job @Denny Le, I did the same thing with my first investment and it worked out great. Mine was a 203k FHA loan because it needed some work.

It is a great way to get things started. 

How is your investing going now?

Hey @Andrew Jurinka, most of my properties are located in salem.

How is your investing going lately?

Hi @Brian Jung,

You in WA or BC?

How is your investing going?

I am a local WA investor and realtor in town. 

Let me know if you have any questions.

Why use a heloc and not just cash out refi?

you get a better interest rate on the money you pull out compared to a heloc.