All Forum Posts by: Jefferson Harmon
Jefferson Harmon has started 13 posts and replied 25 times.
Post: Looking for cash end buyers in Southern Oregon
- Posts 28
- Votes 6
I am a wholesaler in Southern Oregon and want to network with cash end buyers. I have some properties under contract and would love to get them to real estate investors. Most of the properties that I target are value add. Lets connect!
Sorry, I should have been more specific when using those letters. What I meant was virtual assistant.
Who here uses a VA? What do you like about your VA? Who do you use?
Post: How would you start your local business group
- Posts 28
- Votes 6
There are no good networking/business groups in my town. We have a population of about 60-80k when you add in all of the surrounding communities. How would you start a local networking group? I have been a part of LeTip. I didn't like the way it was put together.
TIA
Post: Perfect BRRRR opportunity in Southern Oregon
- Posts 28
- Votes 6
I have two properties right next to each other. First property: 2,700sq/ft 3/2. Built in 1925. Hardwood floors. Second property: 1,100sq/ft 1/1. Built in 1910. Both properties were renovated in the 1990's. Electrical is good. The ARV is $550K. Asking $300K. Message me for more details.
Post: Are real estate programs worth the cost?
- Posts 28
- Votes 6
In your opinion, are paid mentorship programs worth it? I have seen lots of these so called gurus on many of my social media feeds. Are they worth buying into? Can you get all of the information they provide by doing your own studying/research?
Thanks
How would I do a wholesale deal that is owner carry? I found this property off market and do not have the funds or time to deal with it right now. It is a great deal with plenty of value add. Four different properties with a total of 8 doors. The owner has not raised rents for a very long time. Three of the doors are vacant. I want to have the buyer put 20% down, with 8-10% going to the wholesale fee. Is there a way to not to have to disclose what my fee is going to be to the seller? If so, what would that contract look like?
Post: Question regarding my options
- Posts 28
- Votes 6
Thank you!
Post: Question regarding my options
- Posts 28
- Votes 6
Thank you for your input!
Post: Question regarding my options
- Posts 28
- Votes 6
Quote from @Caroline Gerardo:
1. Do you have 40 great photos? What are the comps? How much cash do you have all in? What is bottom line?
2. Cash out refinance is way to expensive if you plan to sell this year. Being in the MLS while refinancing is going to guarantee you have to go to some lender with a prepayment penalty or paying 2-3 points to get the loan. Can you rent this long term and make it cash flow?
1. you slash the price and get out fast, take the loss as a learning experience, markets are going down, reduce today by 10%
2. Look for a DSCR loan that can close in 15 days and get tenant in today, off MLS and hold for four years. FIND tenant with FICO 685 with w-2 job 4 times the PITI whose car interior is clean and tidy. Rent a little below market price. Get property manager.