All Forum Posts by: Ellie Hanson

Yes, as long as you don't sign an exclusive buyers agreement. Never ever sign this!

Any worry about being chucked out of the country due to immigration crack downs? Best to be careful of changing tides.

My agent does these things for me but I buy 12+ properties a year. It took some time for folks to take me seriously and know that I'm not wasting their time. Maybe with just 1 property they don't think you'll really pull the trigger. Also, in this as in everything in life, you've got to ask for exactly what you need to have any hope of getting it.

We have several rentals in PDX and feel fine about these new laws (so far). We have high end rentals with decent monthly cost and a strong screening process. I have a lot of friends who have been hit hard by 50% rent increases and it breaks my heart to see the creative drain of folks moving away who can't afford to live in the city anymore. These folks make PDX what it is. We also fix and flip here in PDX for any landlords who want out ASAP. We'll be glad to take these off your hands ;)

Yes, we stage.  We use a furniture rental company and then put in the knick knacks ourselves.  No clue if it makes a difference but its nice to have somewhere to sit when we go over.  Awesome on the naked guy.  Oh, Portland, how I love your weirdness.

I guess I should have been clearer with my response.  We are very experienced and have never lost money on a deal so our investors feel very comfortable with this arrangement.  Our first deal we did ourselves so we could have a track record.

So, I've mailed my list (first time doing letters) and have received several calls. Some positive. Some negative. All to be expected. One nice lady said I was the 6th letter she'd received in 2 weeks. Ouch!! I'm doing owner occupieds so I thought there'd be a bit less competition. This seems high. Stay with my list for the full 6 months (pulling off those that ask to be pulled off, of course) or pivot? I'm in a VERY hot market and answering all the calls myself (no recording) for that personal touch.

This is how we structure our deals as well. They're quick fix and flips so people get their money out sooner but your deals offer longer term cash flow and tax benefits too. 50/50 is a fair return to offer and our investors are very very happy with their returns. You can't do it without them and they can't do it without you. It's a true win/win as long as you know what you're doing.

We've staged before and it's about 2k for design / delivery / haul away and 1k a month for rental. So the first month is 3k and each month after that is 1k. It's easy and looks good. That's LR, kitchen and 1 bedroom and an office. We stopped using a staging co and went shopping for the knock knacks and use a furniture rental company that does corporate rentals. It's not a easy or as pretty and it's a minimum of 3 months but we just move it from house to house as they sell. It's 500 a month and 100 to move it from house to house. We've spent a LOT on knock knacks but just do charge backs to each house so we split it up between investors.

Short term cap gains is taxed at ordinary income rates. Due is depending on quarterly payment schedule or no later than 4-15 of the following year.