All Forum Posts by: Max Brunke

One is not better than the the other. It is important to consider where you at in your investing life span when optimizing for cash flow or appreciation. In the beginning, you may need the cash flow. As you build your income and portfolio you may want to transition to deals with more appreciation or stick with higher cash flow. 

I am just beginning my investing career and will need the cash flow. 

Just run the numbers and optimize your investments for what you need most!

This Redemption Rights transferability is very interesting to me. Purchasing Redemption Rights seems like a great way to get in line on a property at a mortgaged price (and payments) well below market. It's almost like an option for a subject to transaction, right? Has there been a podcast on redemption rights? 

Are they transferable in all cases and all states or is this a Oregon-specific niche, @Randy Johnston @Grace Widdicombe? 

Anyone have experience with the Redemption Rights investment method? Anybody know these Vantage Homes or Top Spin folks? 

Why is that @Giovanny Alfonso?

Thank you for your response, @Cody Cox. That's what it looked like. In your experience are counties setting the auction reserve price at the lien amount plus interest and fees, assessed value or at an estimated market price? Do you invest in liens in other states such as Washington, Idaho or California?

Hello BiggerPocketers. I just listened to Podcast Show 56 and was intrigued by the tax lien investing discussion. I live in Oregon and reviewed the Oregon Revised Statutes as @Ankit Duggal suggested. My light reading included ORS Chapters 311 and 312 which discuss Oregon tax liens. None of the sections seem to allow any room for tax lien investors. It looks like the only participant in the process is the taxman. Anyone on BP have experience with tax lien investing who can shed some light on this topic with respect to delinquent taxes in Oregon?

Show 56: https://www.biggerpockets.com/renewsblog/2014/02/0...

Hello @Erano Villegas Jr, we have a unit going through a major reconfiguration, not an addition. The work is on a first floor flat in a multi-story home. VERY roughly, with a general contractor (http://willcopdx.com), design assistance, and a total re-work of layout and utilities it's about $160/Sqft. If you serve as GC you'll save, obviously.

An addition will have less demo but will need a walls, a foundation and a roof. 

Hope this helps.

@Kris Langford, I agree. The numbers in Portland for cash flowing properties are abysmal. There are a lot of investors in Portland who are comfortable with longer-term investing strategies such as equity accumulations or the growing distance between rent and expenses over time. @Randy Johnston and @Mike Nuss were mentioning those two strategies. Because investors are willing to accept little to no cash flow in year one, the cash flowing properties of the Portland area are far out or few and far between.

@Larry Fried and @JR Hinds make valuable points. I myself am not comfortable with long distance relationships. Trust is hard to cultivate long range. I wont be investing out of state anytime soon.

@TJ P., Portland rebounded quickly after the crash. At the bottom there were far more properties that would meet the 1% and 2% ambitions of most cash flow investors.

I'm looking at alternate ways to find cash flow and equity in Portland, OR and I'm lamenting the ever-increasing land use and building permit costs in Portland.

@James Ayers, I am in the same boat. I haven't started yet and I don't have a lot of time. I'm looking to transition to the Portland area (where I grew up) from Pendleton (where I landed after school) when I change employment. We just need to get started. Success in this industry takes a lot or careful, opportunistic acquisitions-- the keyword being acquisitions.  

I'm looking to owner-occupy a duplex knowing it's not permanent. My family is relatively mobile at this time. What @Jay Hinrichs said is right. I won't be looking for riches with a $100/door cash flow or a tenant helping my equity grow but in my first phases I need to gain some equity to push around.

Hi @James Ayers, I see the same thing when I run numbers for the Portland Metro.

There have been several mentions in BP Podcasts about certain markets being good for specific investment strategies. Show 006 with @Arthur Garcia discussed investing in a market 2 hours away. @Leon Yang in show 013 up and moved thousands of miles to Vegas. 

Portland doesn't appear to be an easy place to buy and manage for cash flow. Not impossible, just not easy. I have been thinking I'll have to force cash out of projects by adding units or shaving off and selling/developing buildable land.

What solutions do you see?

Carlton, nice work. I am writing my business plan too. I looked on BP for ideas and read yours. You are very ambitious. Remember to keep your chin up and stay focused. We can do it! BP Podcast #3 recommends picking a narrow focus and then expanding your focus/market/strategy as you gain confidence and experience. Best of luck to you!