All Forum Posts by: Jordan Beckett

@Moses Villarama there's a FB page, and a number of the folks who regularly attend the Medford REIA meetups have profiles here.

If you ever want to grab lunch or chat feel free to shoot me a message.

Hi Moses, check out the local REIA meetups in Medford if you haven't already, they're once or twice a month, come by and introduce yourself. There's one next Friday on investing w/ hard $$. https://www.meetup.com/Rogue-V...

You can go back to any bank or CU and open another HELOC....it shouldn't cost anything, and big banks (US Bank was my experience) did a drive by appraisal. $0 all around, the bank is making their bones on interest payments while the money is pulled out. You then pay it all back upon refi, no fees, no closing.

If you feel as though you were screwed, read the terms of the next HELOC closely before signing on the dotted line, or ask more questions about how it works.

Hi Benjamin, the REIA in Medford posts monthly / semi-monthly meetings on their meetup page https://www.meetup.com/Rogue-V...

Come by! Topics are informative and interesting, and it’s a great way to meet other investors. 

Skye Roofing LLC. Cheers!

Hi Evan,

First off, thanks for setting up insurance policies for my properties recently, and greetings!

To your question, I'm of the mindset you should analyze house hacking investments as though it was a straight rental investment to determine if it's a good deal or not, main criteria being return on investment and whether it cashflows. Then if you want to slough the numbers with a justification of how house hacking reduces your monthly mortgage/rent, at least you're armed with the analysis for both scenarios, and can make a qualified decision.

Roughly, $500k purchase with $4000 monthly gross rents doesn't hit the 1% rule of monthly gross rents being 1% of the purchase price. In addition to the items you've mentioned, make sure you're accounting for utilities, trash, water, property management, and maintenance reserves when running your analysis. 

Is there any room to add value to justify an increase in rents, or do the recent updates pretty much cover rehab and rents are at the ceiling of FMR? Is there any room to negotiate the price down?

If you ever want to discuss investments in our area feel free to give me a ring.

Nicholas, I used LimaOne Capital for hard money on my most recent deal this year in Medford OR. Found them via an ad on BP podcasts. LimaOne uses independent contractors to do the construction inspection walkthroughs, and they hire appraisers that are faster than conventional.

I have had a hell of a time finding cost effective, punctual electricians in the valley. I paid a pretty penny to upgrade a triplex to breakers and run wiring for new HVAC. If you are interested in talking further about GC/electrician services, I'd love to chat. Hit me up here or contact me the next time you're in town.

Regards, Jordan

Jay Hinrichs Oregon currently has more MJ than it knows what to do with, it’s not just Portland, and a supply glut has been causing prices to tumble. There are only so many buyers, and crossing state lines to sell carries extra risk. Southern OR has been farming MJ forever, but the recent rush to gobble up EFU land and build growsites has pumped the market full. The OR permit and MJ industry is still young and going through growing pains, I’d expect a lot of small time growers to get squeezed out by larger operations in the future. No different than cattle ranching, unless you enjoy doing it small time as a hobby, you gotta scale to make a profit.

Hi Robert, I focus on multifamily rehab/buy and hold. Please add me to your buyer list if you’ve got one going. I lived in Eugene for several years and know the area pretty well. Thanks and welcome!

Ellen, this was a topic discussed on the recent podcast with the CPA speakers who wrote the book on Tax Strategies for RE Investors. It was on tax changes for 2018. I’m on mobile and don’t have the link handy, but it was a good podcast with Amanda Han.