Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Onna-lisa Kyom

Onna-lisa Kyom has started 1 posts and replied 14 times.

@Mindy Jensen Do you have a link to this horror story? What happened? Poor guy...

Post: Creative Financing to purchase house I am renting

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

@Jessica S. 

I am glad someone in this city seems interested in ethical investment, but I can think of a few reasons why they might accept a offer that low:

1. House needs serious updating that they aren't prepared, or able to pay for (maybe another bathroom, some floor plan changes to optimize space). 

2. The owners aren't interested in managing a rental anymore

3. The owners are being offered cash, and they are at the age when they would rather have the money than the asset

@Account Closed Why don't you ask if they are interested in selling, then work from there? Find out what they would consider a fair offer (encourage them to do their research), and see if you can come to an agreement. Even if they don't want to sell now, if you deal with them fairly and honestly, I am sure you will be one of the first people they come to if they ever change their mind.

Post: New Investor From Portland, Oregon

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

Thanks @William Wilson. I will definitely keep you in mind!

Post: New Investor From Portland, Oregon

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

@Joel Owens. Thanks so much for the response, and the suggestion. I will definitely look him up.

Post: New Investor From Portland, Oregon

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

Hi

I am a twenty-five year old investor from Portland, Oregon looking for fix and flip opportunities in the East Portland and Gresham areas. I have a lot to learn, but I am really excited to achieve competence in my chosen field!

I am definitely looking to connect with other real estate professionals (contractors, attorney, lenders, etc.), so, if you are willing to accept coffee as tender for your time, feel free to contact me.

I will definitely be at the investor meeting on October 10th. Hope to see you all there! 

Post: Private lenders in New York

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

Whatever you do, just make sure you have your money lined up first. 30 days isn't a lot of time.

A disclaimer: Even though I feel compelled to leave you with my two cents, I am a new investor, with no experience managing or owning rentals. You have every right to ignore me. Even so, I do hope you will consider my words.

It is clear that you have no personal obligations to this woman. She is not a friend or a family member, or an acquaintance from your past. The only relationship you have to her is through the document you both signed stating that in exchange for the privilege of staying on your property, she is required to provide you with x amount of dollars paid by date y of each month. 

Though her relationship to you extends no further than the terms of that contract, it seems she has done more for you, through her exceptional care for her residence, your property, and her efforts to find you other good tenants. 

My suggestion: Do more for her. 

Be reasonable, and protect your interests, but please have compassion. 

There are plenty of charitable organizations, churches, and other non-profits, who would gladly write a check to you for allowing this woman to stay in her current home, or provide her with a sum sufficient to move elsewhere. Call a few, and see what you can help her accomplish. And, though at least one person has suggested you move toward eviction, you and I both know that having such a recent mark on her rental history would make it difficult, if not impossible for her to find another place to live (not to mention the burdens such a stressful event would impose on her failing body). 

She is a good tenant who has, for at least a year, contributed to your financial security and positively impacted the quality of your life. While I won't suggest you support her yourself, you are in a position to help her in a moment of desperate need. I don't see why you shouldn't.

Post: Who else has had to fire an employee?

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

@Meghan McCallum

I can't post links yet, but I found the following information about time card falsification by an employee. I am not claiming to be an expert in anything, but it seems like you should consult a good lawyer about your options:


Post: Who else has had to fire an employee?

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

@Christine Kankowski is correct. If she was fired with cause the state will deny her unemployment.

If your employee stole from you, and you have evidence, file a police report. You don't get a pass on theft because the people you steal from own a business. Filing the report will also help bolster your case as you deal with the unemployment office.

Post: Manufactured homes and Cash Flow

Onna-lisa KyomPosted
  • Portland, OR
  • Posts 14
  • Votes 25

@Bill Neves

I am a new investor looking to start in the Portland area. I would love to learn more about investing in manufactured homes/parks. Where would you suggest I start? Anything I should definitely NOT do?