All Forum Posts by: Jay Hinrichs

@Kevin Auyong   Go Giants  hope they can pull off another World series win.. I am in Hawaii when they won in 2010 I was here also.. so hopefully history repeats itself.. Me sipping mai tai's and the giants winning.. and of course I am living the life I deserve because I am a RE investor  LOL.

@Caleb Mclamb   I love the timber business stick to that one.. forget the rest.. those trees just get bigger each day and as such your value grows.. talk about TRUE passive investing.  The number one and two holders of timber in the US  are  the Harvard endowment fund and John Hancock.. there is a reason for that.. follow in your dads footsteps the timber business was very very good to me and its a great business.

date down:  verbal title search.  Our title plants are all electonic.  

Nic  

@Dawn Anastasi 

  or more like 600k  true story on the high end all over the country.

I do have some fears of certain markets were they are flooded with rentals.. WE saw that a little bit in certain markets were rents soften because of supply and demand.. however seems to be stable at the moment.. the real risk is it the Gov decides to wake up and lower the HUD subsidies to market rates.

@Jason Rucker 

  Lets get one of yours up here....

@Jason Rucker 

  you probably recognize a Portland Foursquare when you see one.. its a Mark Stewart design.

does it have a basement.. if your in MI I assume your not paying very much for it.

if it works for a rental and is not flooding or cracking walls I would not let that kill the deal unless there is some major structural issues as well

I posted another one just FYI

http://www.youtube.com/watch?v=jVpDZQVsgSE&sns=em

This was a nice semi infill we just built and sold build time start to finish 5 months.. It was our very first foray into the Charleston Market.. Next time up tough we will not do a full wrap porch.. framing in that market is almost double what we pay in ORegon..

this one sold at 292k within 3 days on market. with a 17% net profit end of the day.

We currently have 5 more going and one is the subject of the reality show "southern charm" I will update that one once we see the video from the production company it should be pretty cool.

@Hattie Dizmond 

  with the new safe act loans most commercial banks are precluded from doing any owner occ at all.. Like my little bank can do 6 in a year .. any more than that and they need the full nmls route and all the other Tila stuff... It used to be as you described though..