All Forum Posts by: Shaun Sappington

Hello doing some due diligence and wondering if anyone has any experience with this hard money lending company Mountain Loan Service LLC out of Carson City NV?

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He was the buyers attorney that drafted for the deal. The property was in Oregon and he is attorney there but here is his info just incase. Shawn Morgan 4511 SE 63rd Ave, SteD Portland OR I don't have his number off hand but should be easy to look up. cost about 600 to draft everything up.

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I just completed a cash for keys deal with tenants in a 4-plex i sold today. I had an attorney draft it up and tenants agreed giving half upon signing and the other half at move out. They are bound by it after signing and accepting payment. The moratorium doesn't hold up after that.

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I am seeing huge difference depending on the region and country. I was getting a 20+% ROI in Thailand and the Philippines properties I have and now with the lockdowns and countries not renewing Visa's ALL of my renters cancelled for the year so far. This was a significant cash injection into my business I have suddenly lost and no idea as to when it will return.

Properties in the USA have seen about a 50% loss in revenue with renters going on forbearance with paying rent. I just hope as landlords we will have the backing of the state and fed governments to re-coup the rent once all is done. I have some properties in Portland Oregon and that place is landlord hateful so I'm figuring they will allow renters to stay even if they never pay it back.

As for growth in the real estate market we just closed on 4 properties in the USVI both commercial and residential so we are expanding and opportunities are definitely presenting themselves during this time if you are cash heavy and able to invest. Good luck to all and stay safe.

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Yes still available and just listed there locally last week for 1.5 million

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Located in a gorgeous wooded area of Stephens Creek Natural Area are 2 very rare duplexes built into the hillside of Stephens Creek. The identical duplexes are 3900sqft each with the first unit being a 1300sgft 3 bedroom 2 bathroom on the street level. The second unit is 2 story with 2600 sqft 5 bedrooms and 3 bathrooms with a second large game/living room on basement level. All units have large spacious bedrooms with large closets, windows, fireplaces, washers/dryers, large living rooms and galley kitchens. The area is a quit residential neighborhood with several parks within a short walk. You are a 10 minute drive to downtown Portland and a 9 minute walk to downtown Hillsdale. There is also a future MAX Rail line being built .7 miles away for easy commuting throughout the Portland area. The units come with 12 parking spaces for ample parking. There is a new 20 yr roofing installed in 2017 on both buildings. OWNER MAY CARRY NOTE and seller will cooperate with realtors. Have current and Proforma rent roll available.

Attached is current and proforma with rents at market value.

https://www.biggerpockets.com/...

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This 880 Sq ft property was built in 1959 has 2 bedrooms and 1 bathroom. New Carpet throughout home. Property has been completely updated and is ready for a renter. Fresh paint. New Countertops and tile backsplash. Refrigerator and Stove included. Central Air Conditioning. Brand new furnace and hot water tank. Currently renting for $725 a month with property management already in place.

https://www.biggerpockets.com/...

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Completely renovated in 2017 beautiful 3 bedroom home in the Gregory Heights neighborhood of Raytown. Home features new hardwood and ceramic tile throughout. The updated kitchen features granite countertops and tile backsplash. Appliances included.

Currently used as investment property generating $950 a month with property management in place or self manage in increase profits.h