All Forum Posts by: Robert Brown

When I create a topic and check the "notify me when a reply is posted" box, and submit the topic, shouldn't I recieve an email when their is a reply to the post. I have not recieved any emails when I get replys? Thanks for the help!

Your opinion please!

My recent strategie has been to delegate as much property reseach as possible to real estate professionals, and other sources. I have found that I can cover more areas that way than if I were to do it all my self.

As for delegating to real estate professionals, I have different agents in different markets keep and eye on bank owned reo lists for forclosures, county default lists for short sales, the mls obviously (although most of the good stuff is gone by then) and the market in general. I tell them that I have "unreasonable expectations, it needs to cashflow well" so they don't keep sending me crap. Would you suggest any other "lists" or materials to keep an eye on?

The only downfall is that real estate professionals are usually working with several investors at a time so who knows if I am the one they will call when something good comes up.

What are your thoughts? I am I on the right track? Thanks for all your suggestions!

Robert B.

Thanks for the suggestions. I understand that the works comes in on doing the research, and creating an opportunity to be in the right place at the right time. If I were to purchase a property in another state, would you still recommend I visit it every month, even if I have a reputable property managment company keeping an eye on it? Thanks! Robert

Hi Eric,

Thanks for the reply. Since you know the area, you know what I mean in Bend. I have done any research on Pendleton yet... I'm going to spread my wings and check out some other areas.

Do you own a lot of properties that are over a 2 hour distance from you? If so, what challenges come up most frequently? Obviosouly, a good property managment company is a must... How far away from your primary residence would you go at most?

Hi All,

"Locating Cash Flowing Property" is the name of the game, wouldn't you agree? My reality for the last 5 years has been that I've lived in a area that is not good for cash flowing property, and I guess I am kind of biased that there are any out there at all anymore... I have been a loan officer for three years in Bend, Oregon, and can say that I've seen a lot of real estate transactions done, and now am seeing a lot of hurting people. If you hadn't noticed, Bend was on almost every national survey representing one of the hottest real estate spots in the US. Bend is a destination area, lots of vacation homes. When people invested in Bend in the last 5-10 years, they invested to flip, rather than cashflow. With a deadening market, this strategy has failed. For example, and average SFR in Bend, 1500sq.ft., 3bed, 2bath, would be selling around 300K. The renters market would allow for about 1200/mnth for this property. Far from cashflowing.

It seems that I am going to have to travel a bit to find the properties that make sense. I'm sure there are even some in Oregon.

What is your take on the national market, is there still a lot out there for the taking? All I know is my local market...