All Forum Posts by: Josh Lee

So glad I asked, I never would have thought about some of the important things mentioned here.  Thanks all for your advice!

@Scott VanHee

 thanks this is great to be aware of, I hadn't heard of this before and will be sure to find out!

Thanks all, I really appreciate you letting me know what to look out for.  I'll start making some calls and be sure to ask about those terms you mentioned.

@Jeff Trevarthen

Of all the banks I've looked at I've only seen a 20 year amortization period.  Can you tell me which bank is offering those terms?  

Hi All,

My wife and I (mid-30's) have one SFR rental in Oregon that we bought a year ago and would like to put more money into real estate so that we can make enough passive income to quit our day jobs. We have about $400K to allocate towards real estate activities. We both have very high income jobs. We're willing to invest out of state but don't have enough time to spend a significant amount of time actively managing the investments. What would you do?

Hi All,

I'm planning on getting a HELOC against my primary residence to help finance the purchase and rehab of investment properties. My first draw will be for a flip, the second will be for a buy and hold rental property (to refinance at a later date). I've just started to get quotes from various banks and it seems aside from the rate itself, the terms and conditions vary quite a bit from place to place. I was wondering if I could get some advice as far as the primary things I should be paying attention to in the terms.

Many thanks for your input!

@Lisa Kohl 

@Larry Fried

@Mark Shaffar

Thanks for all of your responses, I really appreciate it!  I'd be open to both private lending and joint ventures depending on the circumstance.  Any recommendations in terms of becoming a private lender or finding rehab/flip opportunities where I can be the passive investor?  I've seen a lot of recommendations to attend investment club meetings.

Hi all,

I'm a fairly new investor with one buy & hold property that I'm currently renting out in Portland, OR.  I've been looking into buying another property and recently started looking at turnkey providers as an option.  In the process of doing this I've become  more familiar with what rehabbers  are doing and wouldn't mind somehow participating in that investment strategy.  I have limited time available for actively managing something like this, but I have plenty of capital to deploy.  Do you have any recommendations as to how I can participate in rehabbing more as a passive investment (since I assume the opportunities will be outside of California)?

Thanks for your time and input!!

Hi All,

I'm considering purchasing a 4-plex the address is 4975 SW Franklin Ave, Beaverton, OR 97005.  The seller states that the property is zoned for high density development, so up to 12 units on the lot, subject to verification with the city.  What do you think?  I have enough capital to build additional units but don't have the experience to know if it'll be profitable or not.