All Forum Posts by: Jeff Quintanilla

I looking for good areas to invest in Oregon. I like Medford it seems like a growing area. Does anyone have insight on investing in Medford? Just curious about the market, rents, up and coming areas, and future growth of the community?  I'm a new investor and I have my feelers out. 

Hi Duncan I will put this on my calendar and I'll plan on meeting you then 

Hey Jon thanks for the reply. I was a little nervous how people would respond to my post. I've only gotten a few. But I grew up in Vancouver I'm really familiar with area. I delivered newspapers as a kid and even delivered pizzas there not long ago. 

Anyway are you saying that rents are lower in Vancouver right now than what a mortgage would be? Is there a demand for rental properties. I am looking for a place to invest. How about Longview is that a market to buy rental property? I only ask because of the mill and the port there to sustain jobs.

So we bought a house back in 2005 in Vancouver, Wa. that's basically a suburb of Portland, Or. Don't say that to someone from Vancouver they will not agree. I grew up in Vancouver so I'll say what it is, part of the Portland metro area. So this was the top of the housing boom at the time. We bought it near downtown Vancouver for 150K and sold it a year later for 199K. Not bad for one year. We proceeded to buy another house, much bigger on the other side of town, in Orchards, if your familiar with the Couve. This new house we bought for 234K. We did not use a VA loan, which I am eligible for. We used a No doc, stated income, ugly loan. I know, your what your saying... what an idiot. We sold it in a short sale, which I did not even know we could do. But we got out of it with one success and one miserable failure. But if I were playing baseball I'd be batting .500 and that ain't bad!

That's it that's that's my analogy. I will say that I learned more form that mistake than any of the books that I've read since. I know I will not make that mistake again. I was very reluctant to even buy the house we just bought. 

So we moved to Bend, Or. in 2011 for a new job. We found this house to rent. The owners were buying it in a short sale as well. So we rented it for about 4 years until we decided we were in a position to buy again. Bend Currently is a growing market. Houses are selling and it's a bit hot as far I'm aware. So I was reluctant. I didn't want to over pay again. So we called the owners, whom my wife had a great relationship with, she spoke with them often. So we offered to buy it. They said OK and we, my wife, negotiated the price under what other houses were selling for since we weren't using a real estate agent they agreed on the price. We used a VA loan and I feel much better about this than the last two. So my point here is if you're renter ask you landlord or the owner if they'll sell you never know.

Hi I'm Jeff. I'm a new investor. I live in Bend Oregon. I'm a firefighter for the Forest Service. I also fly airplanes. I love aviation. I was in the Navy so I love military aviation as well as general aviation. I love real estate. Everything about it; Finding deals, analyzing, funding, rehabbing deals. I've bought a few houses as a residence but never an investment. I'm ready to talk real estate and make new friends... Cheesy I know