All Forum Posts by: Jesse Rivera

I have a Duplex fixer in Beaverton that I am sending to my list in a few. Let me know if you want on the list.

I am an investor and love working with investors. I see a lot of things pass my desk (off market, pocket listings, auction propeties, wholesale deals, etc.), if you want on my mailing list, let me know.

This is off market deal, listed with a Realtor friend of mine.

Portland, OR

St Johns Neigborhood in N PDX.

Great for investor or owner occupied!!

Currently Rented..(long term tenants) mo to mo $1600/ each.. tenants pay own utilities.
Each unit is apx 1500 sq ft + 400/ garages. Each side has 2 fireplaces, yards. Egress Window in basements.

For more info, comment or message me. 

Hey Portland Peeps!  @Kyler Pace and I are planning a happy hour for the week of January 8th, probably Wednesday or Thursday. Anybody know of a good location, centrally located so it's convenient for most? A place with parking available would be best. 

Any suggestions? 

Here's my take as someone that has purchased Sheriff auction properties, with and without the rights.

The person that purchased the property at auction has ownership rights, the person that has owns the rights of redemption, after the sale, only has the right to redeem. They don't have access to the property without the current owner's permission.

I'm not an attorney, and don't even play one on TV,  so this is not legal advice.

My guess is you won't be able to do a short sale this way. The mortgage is in the original owner's name, and now title is in the investor's name. Banks want an "arms length" transaction in a short sale, and I think they would balk at this. Just a guess, have never tried this.

The lender will need to see the option agreement, the lease agreement, and proof of the 55k "Deposit." 

Hi Matthew!

I'm from the South Bay, went to St Anthony HS in Long Beach for a year. I love salem too, we are getting very active there. We have purchased 2 this month for rehab (one of them this morning!). Let me know what you are looking for and I will keep my eye out for it.

We are looking for some multi-family holds. Please put us on your buyers list.

FHA will lend on manufactured homes, if they come with the lot and meet certain guidelines. I did well with one that I flipped. They sell at a lower price point (need to know your ARV before you buy), so are very sought after in a higher priced market. Just remember, you make your profit when you buy, not when you sell.