Wilsonville, Oregon Real Estate Forum

[Brian Bradley]

This forum is for Real Estate Investors and Professionals who are interested in networking and talking about Wilsonville, OR and surrounding area (Tigard, Canby, Tualatin, Lake Oswego) market and investment opportunities. 

[Cody Cox]

On the contrary, my investment approach for notes is NOT to acquire the property. Rather, I prefer the cash-flow from being the lienlord, rather than a landlord. My approach every time is to seek to find a resolution for the owner/borrower to retain ownership and remain in their home. With an NPN, there is flexibility in finding the right workout solution for the borrower, with an attempt to get them back on track to make payments. If not, we then go through the process of a Deed-in-Lieu or a full foreclosure, and then immediately re-market the house.

Enjoying the cash flow as the bank rather than as a landlord is my preference.