Jeff Sielicky

73 influence

Portland, Oregon

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IM:
Profiles:

Recently retired so examining options. Have Portland, Oregon rentals (5 units) that are too expensive to buy today, but look ready for appreciation if/when market takes off. Portland strong appreciation market.

Experience

Past real estate agent working with succesful investors buying and selling fix-ups and units. Great way to learn business. Landlord with current holdings 20 years. Buy and hold, rehab before that.

Bought properties to refurbish and resell .Best success has come from buying neglected properties, fixing them up while renting them over a long-time period.

Real Estate Goals

Looking at other areas and possibilities. Have looked at Las Vegas and Phoenix. Not enough time to really get to know but still on the learning curve.

Reevaluating Portland market. It is a big city so no small feat.

Currently Seeking

Open to any form of RE business. Like hands on but willing to work with a team. Will consider traveling if the situation looks appealing. Let's talk.

Awards

Addict Prominent Profile Complete Reputable Popular Poster 500 Post Club

About Me

Began Investing	July 1988
Member Since	April 28, 2010
Website
Shared Files:	Jeff 's FilePlace (2 files)

Statistics

Last Active	about 3 hours ago
Forum Posts	723 posts
Referrals	0

Colleagues

49 Total · View All

Followers

7 Followers · View All

Following

Following 6 · View All

Comments (2)

An interesting property? In what way? The most interesting thing on my radar is a 4-plex on the MLS near my town in Aberdeen. It is listed at $67,500, needing around $15k in repairs. Its in a highly desirable part of town, needs the typical paint and carpet and a bit of other misc stuff. Gross rents should be around $2500 per month and expenses at half that. But what makes it really interesting is the style - 12 foot ceilings, original hardwood trim everywhere, and I just learned that it used to be a brothel back in the 20's. Add the $400-$800 cashflow per month, and if that's not interesting, I don't know what is. Thanks for the colleague request! I'm pursuing that baby right now. It would be a fun one.

12:42PM on March 25, 2012 · Brandon Turner