All Forum Posts by: Sam Jurgenson

Hey Brandon, It looks like you have gone down several routes and done due diligence. Have you looked into any NON-QM options or Debt Service Coverage Ratio (DSCR) Options? You may have to do a cash out refinance to accomplish these as opposed to a line of credit. But there can be some advantages depending on your goals and your overall scenario. Happy to discuss further with you.

Originally posted by @AJ Shepard:

@Sam Jurgenson

Currently over zoom. But when we can meet again it’s at the lucky lab in multnomah village in their upstairs room.

https://docs.google.com/forms/... the sign up form for rsvp for the event.

Thanks for the info. I’d be happy to make it to one of the next events! 

Originally posted by @AJ Shepard:

@Sam Jurgenson

We have a local meetup that happens every 3rd Thursday. It’s called WIN (Westside Investors Network). We usually have a speaker that talks on some aspect of real estate investing.

Come join us next month!

 Thanks for the Invite AJ!

Where is the meetup? Or is it zoom right now?

Hey @Brian Montiel, @Jessica Parker,@Trent Russell, and @Brad Hammond. I am a lender in Portland and would be interested to have another zoom call if you guys are up for it. I am a home owner and looking to become a more active investor in the near future. I know I am a bit late here, but if there is anything I can help answer for you I would be happy to help. Plus it is always great to get together with like-minded individuals.

Originally posted by @Brett Costantino:

Is there a way to find people in forbearance who would be willing to sell before foreclosure 🧐 (some sort of database) 

We don’t have a database, we find out via credit reports or the borrower themselves. I am also not aware of any database at this time. There may be a way to find it in some sort of title search software. 

Interesting subject. I have been working with borrowers doing refinances that are currently in forbearance. We are seeing more and more have to take this path as people are unfortunately losing their jobs. There will be advantages coming soon for those that have played this intelligently! 

@Colin E Stevenson thank you! I know my regular credit score is 780. Im not sure about FICO or what actually shows up regarding a mortgage/home loan. I will do my best to find this out and speak with a local lender. I really appreciate your advice and will keep this entire page in mind over the next few months as I look to purchase.

@Robert Bowles Thank you for the information! Is the Home ready loan a common one in Portland?

Looks awesome! Very bright, modern, and enticing to a possible renter/buyer. Keep it up!

Originally posted by @Josh Gold:

@Sam Jurgenson, I'm glad to hear you're excited about real estate investing and are in the house hacker mindset!  As @Chace Fraser mentioned, we are having a BP Money meetup and I personally am a house hacker myself!  My wife and I own a duplex and rent one of the units out, which pays our mortgage.  Since we've lived in one side we've been remodeling and adding value to the unit we're in and in the near future will do a switch and begin doing work on the other side as well.  As for purchasing and house hacking info it looks like you've got lots of good info, but I'd love to share my story with you at the meetup on the 15th!  Finally, I'd just like to leave you with this, meet lots of people, do some informational interviews with real estate pro's (realtors, loan officers, etc) figure out your boundaries and exactly what you want, identify and work with people that align with those boundaries and desires, then go for it!  

 Thanks for the words of advice Josh! 

I don’t think I should have any problem making it out to the meet up next Thursday, so I’d be glad to speak to you then and hear your story.