All Forum Posts by: Tyler Cope

@Dustin Mellor Thank you for the insight!! I'm becoming more interested from what I'm hearing about them and apparently they can push some of their residential commercial loans to 80% LTV.

Hi, wondering if anyone has experience or feedback on Umpqua Bank in Oregon or elsewhere, and their residential commercial loan products?

@Neal Collins I had thought about ways to do a cash out refi under my name but wasn't sure how to do that without being on title. I didn't simply want to be a co-signer that could push my DTI beyond any lender limits.

If a trust was setup, can trustees take HEL or HELOC as a trustee? I'm just thinking out loud right now.

@Genna Golden Thanks for the recommendation!!

@Mark Creason @Deniz Arac

Thanks for the recommendation of @Jay Hinrich.  I can't provide a lot of details at this time but the building is single level office space with approximately 2400 sq ft. The building is located off of Burnham St. in Tigard.  I'll be helping facilitate a sale for a family member.  If you're interested in learning more as the property becomes available, PM me.

Can anyone recommend a commercial real estate broker in the Portland area?  We have an office building in SW Portland that we are looking to sell.

Thanks!

So here's the situation, we have a family member that may be forced to sell her primary home. She is the sole owner of a SFR and owes around $150k on her mortgage. We're thinking of ways to keep her in the home for as long as possible and use equity in her home to help subsidize her living expenses.

Is there a way to add a second owner (joint tenancy) to the title and do a cash out refinance for between $200k - $250k with the new owner?  If possible, can the financing be done with only one of the current owners?  The home will easily appraise for $400k - $450k.  This means there is somewhere around $250k - $300k in equity.

Does adding a second owner (joint tenancy) generally trigger a tax reassessment?  

Can adding a second owner (joint tenancy) to title trigger a due on sale clause? 

Are there any tax implications in a situation like this? 

Looking forward to any responses from the creative minds out there!!  

Hi @Jacob Ghena

I currently own buy and hold properties in the Medford area.  Do you have experience with flipping properties yourself in the Medford area?  I'd love to connect with you and chat.

If you haven't contacted Northwest Community Credit Union out of Eugene, as of a few months ago they will finance 1-4 unit residential investment properties at 80% LTV. They have a portfolio option for these loans.

Hi @Marques J.

I currently own rentals in the Medford area as well.  I'd like to connect with you and pick your brain regarding the Southern Oregon market.