All Forum Posts by: Bryon M. Monson

the house looks great, I can’t wait to see how it goes through the sell process. Best of luck and thank you for breaking your numbers down for us.

I’m excited to also be taking this leap very soon👍

unfortunately it is not available any longer.

If you would like, I can forward other deals I come across to you.

Thank you,

Bryon Monson

Great Fix and Flip or even Buy, Fix and Hold Property

Property Address:

6099 NE Going St. Portland, OR 97218

3 Bed / 1 Bath (2 story)-1380 square feet

Projected Net Profit: $70,000

Purchase Price:$237,000 – after deposit

ARV: $408,480

Comps:

¨ 5634 NE Skidmore St. Portland, OR 97218: Sold for $350,000

¨ 5250 NE 60th Ave. Portland, OR 97218: Sold for $325,000

¨ 5815 NE Failing St. Portland, OR 97218: Sold for $350,000

¨ 5442 NE Prescott St. Portland, OR 97218: Sold for $365,000

Average $ per sq. ft. = $408,480 for ARV

Repair Estimate:$40,000 to 50,000

- Roof, Siding, Windows, interior sheetrock, paint and finish work. There are some uneven spaces on the floor. Considered a “Major Fixer” as a cash only deal.Once I get a chance to walk through property, I can get more detailed pictures and repairs

Some info about the property, located in the popular and up and coming Cully Neighborhood in an area of more expensive homes, near the Alberta Arts District.

Pictures: www..com

Closing date: May 14th, 2018

Nonrefundable Deposit: $5,000 (please call or email with any questions)

The first person to get us a signed contract and nonrefundable deposit gets the deal. This one will go fast so contact me with any questions and to schedule a time to look at the property.

Sincerely,

Bryon and Stephanie Monson

BSM Ventures, LLC

[email protected]

(503) 714-1078

This helps a lot and also follows along my line of thinking with our current requirements. Thank you for your quick response and insight.

Bryon Monson

Good morning BP, My wife and I started our Real Estate Investing LLC back in January of 2017 and hadn't given much thought to having business insurance. We currently are running our real estate investing business from home and are working Wholesale deals. What kind of business insurance would you recommend and is there a specific insurance company that you use? Thank you deeply and sincerely, Bryon Monson BSM Ventures, LLC

Good evening everyone, I have gotten a fixer property under contract and looks like it will make a great wholesale property, my question comes with the fact the house is/was being sold with the lot next to it which is zoned as "residential housing". There is a huge potential here to make a great profit, but I want to make sure and see if anyone else has done a bundled wholesale deal where they split the house and vacant lot? I want to make sure this is doable and/or if there are any special considerations. Thank you, Bryon Monson

thank you to everyone who responded. I will look into both the Portland and Lako Oswego locations.

Everyone have a great weekend.

Hello and good evening to everyone here on BP!

I have been looking at a couple of properties in the Portland, OR area that are foreclosed.  I haven't pursued putting an offer in just yet because I have not sought out an investor friendly title company that will be willing to do a double closing or a back-to-back closing, as I would be wholesaling the properties.

Does anyone have good advice for which title companies to look into and which ones to avoid? Also how about advice on any title companies that are operating in multiple states?

Thank you everyone,

Bryon and Stephanie Monson

BSM Ventures, LLC

Here is a great property to flip!

Property Address:

950 SE Hembree St. McMinnville, OR 97128

3 Bed / 1 Bath w/ 2 bedroom upstairs loft-1906 square feet

Projected Net Profit: $29,000

Purchase Price:$172,100

ARV: $290,665

Comps:

¨1865 NE Evans St. McMinnville, OR 1986 sq. ft., Sold for $265,000

¨1410 NE 16th Ave. McMinnville, OR 1728 sq. ft. Sold for $249,900

¨448 NW 18th Pl. McMinnville, OR 1810 sq. ft., Sold for $299.900

¨1515 SW Goucher St. McMinnville, OR 1551 sq. ft., Sold for $262,000

Average $ per sq. ft. = $290,665 for ARV

Repair Estimate:$48,000 to 58,000

- Roof, Siding, Full Kitchen Remodel, 2 Full Bathroom Remodels, Blockage in sewer pipe and needs HVAC system

Some info about the property, the lot is very large and has the possibility to be sub-divided into 2 or 3 lots – subject to buyer’s due diligence.Lot size is .28 acres and is zoned R3.

Pictures:

Closing date: May 5th, 2017

Nonrefundable Deposit: $2,000 (email or call for details)

The first person to get us a signed contract and nonrefundable deposit gets the deal.This one will go fast so contact me with any questions and to schedule a time to look at the property.

Sincerely,

BSM Ventures, LLC

Bryon and Stephanie Monson

(503) 714-0178

[email protected]

thank you Mark, we will look into the blogs. Since we are new to BP, we are still looking around at all the forums and all there is to use. This is such an excellent forum to connect with like minded people!!!!