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16 December 2024 | 4 replies
Do I need to fill out other forms such as a change of ownership?
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24 December 2024 | 25 replies
I expect we'll see that change dramatically by June 2025.
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24 December 2024 | 13 replies
And these were Portland Metro assets so NOT low value mid west assets.. we did this until the law changed and it was illegal to buy pre foreclosure and rent back here in Oregon..
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13 December 2024 | 3 replies
Also, starting my journey in real state investment made change my mindset and since last year I have been more disciplined on my finances and I have been taking better decision on how I spend my money.
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16 December 2024 | 1 reply
Certainly not by liquidating their retirement accounts that just suffered an historic drop in value.Do you feel that Oregon’s bias against landlords is a temporary fad, or a permanent change that may even worsen over time?
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14 December 2024 | 13 replies
@Keaton Sheffert Zoning changes can be a valuable tool in real estate.
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20 December 2024 | 28 replies
The cost of renewing an LLC or changing the title is absurdly cheap unless you have one of those law firms that advertise a lot and have a huge advertising department and claim to have a secret sauce that guarantees protection.
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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21 December 2024 | 20 replies
I changed my strategy from 2 years ago of acquiring more doors and "cash flow" to now looking at the asset if I continue to buy.
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16 December 2024 | 5 replies
I think they used to be more helpful in the past and they made some changes and now they're not so valuable.I see weird and different values for my Airbnb stats depending on if I'm using my laptop or phone to view them.