All Forum Posts by: Tyler Combs

I had an attorney draft up forms for me because the cookie cutter forms don't always hold up or accomplish everything you need.  If you DM me, I can recommend an affordable lawyer who drafts most of my custom agreements.  If you want to go the template route, then you can purchase an Oregon specific assignment contract, or any other form you can possibly think of, from Stevens-Ness - some of them have very old language in them though... 

I would recommend checking out Premier Community Bank,  Lewis and Clark Bank or Banner Bank for smaller accounts. First Republic Bank is great if you have larger balances.  I know Maps Credit Union has given some friends some of their first investment property loans when no-one else would.  A few years ago, I got my first new construction loan through Premier Community and they were awesome to work with.  Best of luck!

 Glad you got some justice @Jacob Szeto !  I know it can be very difficult to recoup your funds even when you win the judgement, unless they have a current bond.   Were you able to actually collect the $9200 the judge awarded?

Make sure your contractor's bond and insurance are active throughout your relationship. I've had situations where they were current at the start of a project, and it lapsed part way through, causing issues even after the project was over. 

If you work in Oregon, check out the CCB's naughty list of contractors with a history of complaints. http://www.oregon.gov/CCB/Pages/buyer-beware.aspx

You can also search specific contractors and see their history, insurance status and complaints: https://www.ccb.state.or.us/search/

If you have a residential developer's license, (which highly recommend if you are flipping homes in Oregon), you can set up a watch list of all your contractors and get alerts if their insurance or license lapses. https://portal.ccb.state.or.us/Modules/eWatch/

@Mathew Wray, I'll second your echo for Ambience Remodeling, Daniel is a worked for a number of our RareBird Investor Network members and they all have great things to say about him! 

@Caleb Webster What kind of business are you opening an account for?  What services matter to you?  If you are doing any property management and need client trust accounts, I would recommend a different bank than if you are buying auction properties and need to get a lot cashier's checks.  Running a lot of construction expenses through your account and have a high transaction volume?  Does QB integration and a corporate online portal matter to you?  I haven't found a bank that does all things well and affordably, and I've seen issues with credit unions adapting with a business as it grows...  DM me if you don't want to post your specific biz service needs publicly. 

What kind of business services are you looking for, @Caleb Webster?  Are you looking to use the bank as a lender as well?

Hello!  I've been a full time real estate investor since 2009, and somehow have never plugged in to this fantastic community.  I'm excited to join the conversations that take place here.  I have experience in flipping, wholesaling, land development, new construction, and hold commercial and residential rentals. I'm a licensed broker too.

Just went to a BP meetup last night and was impressed at wide range of people and experience levels who are plugging in through this platform!