Experienced Portland Investor Looking to Grow Network

[Chris Shepard]

Hi!

I own about 50-60 units with a focus on long term buy and hold strategy (BRRR).

I am looking to connect with investors who are interested in the buy and hold strategy in the Portland Area or looking to relocate to the Portland Area. I am looking to share my knowledge and provide a pathway to becoming a full time investor.

If you know any investors or budding investors who are looking to get started in Real Estate Investment I would love to talk to them.

Cheers!

[Chris Shepard]

Hi Cynthia,

I would say that over the course of the 8 years we have been managing our portfolio, we have successfully pulled out 100% to %125 on half our deals, the other half we've gotten somewhere between 75% and 100%.  Our capital is locked up for about 5-6 months during each remodel and refinance.

I have been working full time as a REI Investor since 2009 and investing all of my income back into our portfolio. I don't take a salary and have been leveraging up by using the banks' and other peoples' money as much as possible. About 5 years ago we had a hunch that inflation would go up a lot (it hasn't) and made a plan to get as much low interest financing as possible. It was a decent strategy and hasn't hurt us.

I started out with about $150,000 and now share a multimillion dollar portfolio with my brother. 

We have a loan to value ratio of about 55% on our current portfolio which means that we have 45% equity.  

We have leveraged this equity with multiple credit lines which allows us to access cash when we need it.  

I am hoping to do my first 1031 exchange on the first property I ever bought (in 2007, yes a bad time to buy) which is in Arizona and I am looking for 10+ apartment complex so that I can create a large amount of cashflow.

The most difficult part of the whole strategy is running our property management company, which we are looking to grow.  Bringing on employees has been a very difficult but fruitful experience.