All Forum Posts by: Alison Fountain

I will be there and I think I recruited some more at last night's BING meet up! 

I live in Bend and have 2 investment properties in the Bend area and would like to obtain more because of the high demand for both STR and LTR and a good resale market as well. However, at this time in the market, it is hard to find a deal that has a ROI of even 5%, hard to find deals that meet the 1% rule or that cash flow. Not saying the deals aren't out there but it is definitely slim pickings! I've heard the auctions can be a place to pick up deals (with proper due diligence that is) and other foreclosures or short sales. I think the market is peaking here in Bend which is why I have been investing elsewhere.

I recently quit my W-2 Job an am now having difficulty being approved for even a small conventional loan and looking for advice or tips. 

The details: 

I own 4 rental homes that are fully rented and together they cash flow $840 a month (2 are on 15 year mortgages so don't cover themselves but the other rentals cover it and then some) and I have a loan with my boyfriend for our primary residence which we also house hack with 3 renters, each paying $575 a month. 

I also have over $200k in cash holdings/brokerage accounts. I am now being turned down for a cash out refi on a $65k duplex I just purchased in cash. 

Anybody else run into this problem? Isn't that our goal as real estate investors - to be able to make enough cash flow to quit our full time day jobs? Any and all help in how to still qualify for future small loans would be appreciated. 

Thanks,

Alison 

@Paul Singer and I will be there! Can't pass up networking over tator tots!

Still going!

I think having a monthly meeting is a great idea! 

Hey there! @paulsinger and I would definitely be interested in a locals meetup! My schedule is flexible and he is available weekends or weekdays after 5:30 pm. Thanks for setting this up!

I am looking for Turn Key Operations in Oregon or in the PNW. So far, I have done only owner occupied purchases, live in them for a year and then rent them out and move on to the next property. I am now wanting to gain more properties at a quicker rate but do not have the knowledge to renovate on my own, which is why I am leaning towards a turn key operation. I would like to remain in my home state of Oregon but am open to neighboring states. Does anyone have any knowledge on any companies in the area doing turn key operations, geared toward investors? Thanks so much. 

Hey there, 

I own 5 rental properties and have 4 different property managers managing them. As I have been listening to several podcasts lately, I am starting to realize that I might need to be more active with my Property Managers instead of completely trusting them to take care of the properties. What tips do you have to ensure they are staying active with the properties and how often should I be in touch with them about my properties? Thanks!