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All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 22 times.

Post: Home Equity Loan vs. HELOC for downpayment on next rental prop?

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

Jeff, would you be willing to connect me with your contact?

I'm looking for a WF rep for a HELOC in Portland, OR.


Originally posted by @Jeff Pollack:

hi @Ana Marie B. Get the HELOC for the reasons others have already mentioned. When aske, "how much do you want?" The answer is, "As much as you'll give me." Pull as much out as you can, use what you need. It costs you nothing if you're not using it.

If you are interested PM me and I'll connect you with my contact at Wells Fargo who writes HELOCs all day long.  He is based in Redwood City.  Better than deal g with a random person over the phone 

Happy Hunting!

Jeff

Post: Hardest aspect of our jobs

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

And yet you did what was necessary, fair and yet heart wrenching. That is a testament to your property management skills coupled with a sense of compassion. You did your absolute best in an extremely difficult situation. Future clients may read this and hire you for this reason (myself included).

Post: need template for offering renewal cash incentive / rebate

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

Thanks. Done!

I realized I was looking for a rental concession agreement, I just needed the terminology.

Post: need template for offering renewal cash incentive / rebate

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

My tenants are renewing their lease and I've promised to offer a monthly rent rebate if they continue to be excellent tenants.

Does anyone have a template for this type of agreement?

Or ideas of where I might go online to find such a template?

Thank you!

Amy

Post: Property Management -Portland OR

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4
I am seeking a property management company for my duplex in the Foster Powell neighborhood. If anyone has a recommended company, I'd appreciate referrals. Thank you, Amy

Post: Help! Drastically different valuations.

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

Thanks! It is adorable actually. Lots of blood sweat and tears owner occupied here!

Rents will increase to $1200 in June, so we shall see! Thanks!

Post: Help! Drastically different valuations.

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

I'm in Foster Powell, close to cafes and bars in the FOPO triangle.

The duplex has been gutted and totally renovated, so pretty much everything has been replaced via a 203K loan.

Each unit has 2 bedrooms and 1 bathroom. I'm happy to PM specifics. Thanks!

Post: Help! Drastically different valuations.

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

I've talked to 3 realtors so far with widely varying valuations.

2 who specialize in single-family homes say around 300K.

The other one is a property manager and is looking for investment properties.
He says it is more around 375K.

If anyone has connections in Portland I would be grateful!

Post: Help! Drastically different valuations.

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

Hi, I'm hoping to sell a duplex I own in the summer, but I'm getting drastically different valuations of my property (i.e. from 265000-375000).

How do I determine the actual value of my property?
I'm in Portland Oregon.

HELP! Thanks!

Post: Hi, I'm Amy from Portland, OR

Account ClosedPosted
  • Investor
  • Posts 22
  • Votes 4

Thank you @JR Hinds and @Mike Nuss!

I'm looking forward to attending a Rarebird meeting in April.