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All Forum Posts by: Jesse Rivera

Jesse Rivera has started 24 posts and replied 458 times.

Post: Portland newbie to REI

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Welcome Ben! Sounds like you are off to a great start!

I would definitely seek an attorney to help, Portland leans very heavily towards renters rights, so make sure you do everything right.

If you need any Real Estate advice, feel free to call!

Post: Noteworthy Convention 2013 - is it worth it?

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Anybody want to share a room? With the group discount and $15/day resort fee, a room is about $550. So $275 each person.

NO SNORERS!

Post: Noteworthy Convention 2013 - is it worth it?

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Sounds fantastic! I think I might go as well. Hope to see some BPers there!

Who wants to join us?

Post: Questions to ask a potential realtor

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Ask them if they do any wholesaling. Ask them if they know how to do assignments. Ask them if they have done any subject 2s.

99% of Realtors will look at you like you were speaking Swahili, and when you tell them what you mean, they will tell you that it is probably illegal. Realtors that know investing will have answers.

Post: Another Strange Caller

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Wow. I have no words... just wow.

Post: Buying a foreclosed house: is it clear of any liens?

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Each state is different, so you need to talk to someone that has knowledge in the state you are buying in. Subordinate liens usually are gone, but property taxes, an IRS liens will stay. In some states, HOA liens stay, and so do municipality liens. And contractors liens stay, only if they are superior to the mortgage that is foreclosing.

In Oregon, we have a program where senior citizens can defer paying property taxes, but need to be paid back at a sale. That can be a big surprise if you don't see it coming.

Buying at auction is serious business, only do it if you know what you are doing.

Post: Redeemption Study - Unredeemed Tax Lien List

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Just go and ask the clerk. In my experience, they have always been very friendly and helpful.

Post: Print button

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

Would love to see a print button so I can print out long threads
(with many pages) so I can read later.

Post: Expectations from an Agent

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

I am a broker that works with investors. Dozens of properties cross my desk each week, but I only send my investors properties with potential. I can look at the address, the neighborhood, some comps, and do a quick and dirty ARV in about 5 minutes. If it's something that my investor likes, we will go and look at it together, and then again with our contractor, then we do the real due diligence if we still like it.

Every Broker works differently, but this has worked well for me and my investors.

Post: Buyer repair requests

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 491
  • Votes 293

I agree with Ned Carey and J Scott. If you are selling for fulle ARV, then all of the big things need to be done. As a an agent that works for buyers, this is a must. You are wondering about sewer repairs? That is a deal breaker!