All Forum Posts by: Tony Ngo

He never moved in.  At the end, those tenants moved out.   

Here is the book that I would recommend you and your parents to read by Michael Mcdermott.  Live Tax Free Forever (through Your Solo 401K) (A Party Island Book) .  He's also on Bigger Pocket, but not very active. 

https://www.amazon.com/Live-Forever-through-Party-...

My husband is a realtor that has been helping a lot of investors.  PM me if you want his info.  

Looks great!   Love the blue door!

Congrats @Jeff Hamlin! Did you finance the whole purchase price?  Was it easy to find a lender from out of state?  

I am in.  Please include me as well!  Thanks!

@Neal Collins  I have one coming up in on SE 158th.  That is my last one I'm selling in Portland.  I'm waiting for tenant to move out, go in to renovate and resell.  After that I'll do a 1031 exchange into a multifamily further out that will cash flow better.  

Sure @Steve Moody, I'd be willing to meet up for coffee or something and talk real estate in general.  

Steve, 50% of my renters get section 8 (government assist program).  I understand some people don't like section but I love it.  One time, a tenant left my place like a dumpster, I reported it to section 8 and section 8 put their voucher on hold until I get money for my damages.  I was able to recoup the expense cost from them with in a short amount of time.  If it was a different tenant, paying out of pocket,  I would have not get more money other than the security deposit.  I see it as a plus in many ways.  Rent is always on time.  Yearly inspection is done by section 8.  All in all, not bad.  

We buy out  of the portland area.  We're selling our rentals in the portland area to buy further out for better cash flow.  Longview/kelso is not too far away and gives excellent return.  You might want to look into those areas.