All Forum Posts by: Stewart Hulick

Roc Capital lends in Oregon. Feel free to reach out

I'm pretty sure that @Robin Simon hit the nail on the head. I was chatting with a company last week about a refi - they were about the same fees and .25% higher than a conventional mortgage for a cash out refi :) I thought that was pretty awesome since the conventional mortgage needs 2019, 2020 taxes, all the W-2s, 2021 extension... among other things... Also, doing the loan in an entity's name will keep the loan off my credit report. Feel free to send me a message if you'd like their info. :)

Hi - He was probably referring to the DSCR loan product, which runs FICO and requires typically 6 months of PITIA reserves in liquid assets, but otherwise is based entirely on the property (no income verification, no tax returns, etc.) I lend on that product and definitely in the Portland area (we aren't local but lend nationally). I'll send you a PM to discuss our options!

 I totally understand where you are coming from, but when there are so many rules and regulations that dictate what you can/cant do with your own property it's demoralizing when other states seem to have a better grasp of things. 

Hi Stewart,

I'm also a Portland realtor/investor and it's extremely tough right now findings Wins. I'm actually selling my duplex I own in Portland to 1031 elsewhere. The laws here just make it very difficult and there is greater appreciation with way less hoops to jump through in other states.

Stewart,

I agree that the Portland market is one of the hottest markets out there, with the prices soaring up, but I am a huge fan of the Portland area for investment in real estate regardless of the "affordability". Portland is a "hybrid" market because you can still find deals that will produce positive cash flow and still get to benefit from the great appreciation that we have here! The play in Portland at the moment is long-term growth through appreciation. As a local multifamily investor myself, I highly recommend finding a deal here and not regret looking back 5 years from now saying I wish I bought a property then.