All Forum Posts by: Kelly Asmus

Send your best counter offer back and let the buyer's agent figure it out. If they don't go for it, sell it to someone else. Your broker should be an integral part of your team and you should treat them as such. If not, they are free to go work with other investors who value their time and expertise. You get what you pay for. Good brokers bring you off market opportunities, help you see value in other project opportunities, bring market knowledge and also keep you out of court by following contract law. 

@Audra Smith Market is adjusting away from total sellers market - trying to adjust to a more balanced market. MF properties are available and I am happy to help you understand pros and cons of each state. I am licensed in both OR and WA, so can assist with Portland Metro and SW Washington. I am a landlord myself in OR, owning long term rentals, so can help you get off to the right start. 20+ years in real estate. 10+ years owning rental properties! Message or call me. Happy to help.

Thanks @Roarke Van Brunt! Happy to help investors reach their goals! I've been in real estate since 1995, and I am an active investor myself - I own long term rentals and do BRRRs. Licensed in both OR and WA and have over 20 years development experience working with builders - so I get zoning, use issues and can help with HB2001. Reach out!

@Natalie Lopez @Tim Cavanagh @Karthika Logan

I use Listing 2 Leasing. You set up an account, add the property you want to lease and send the potential tenants a link. They fill out all the information, pay the fee to run the credit check, background check, etc. The company does all the work and sends you a notice when the application is complete. Easy and no cost to you.

Free Online Tenant Screening Services | Listing 2 Leasing

Avoid Craigslist. I use Rentals.com and have always received good quality tenants. Rentals.com goes out to a whole network of sites, pretty widely on the web. 

As a real estate broker you have a fiduciary duty to the client, not yourself. So wholesaling is a big no no if you're an agent. 

Check your local jurisdiction. Understand what notice you have to provide and if you have any rent controls. If you are unsure, contact a local property manager who is experienced in your area and ask for a consultation. Be willing to pay for their expertise. They will keep you legal and in compliance. 

Hi @Ryan H.

The other option is possibly a HELOC on the condo if you want to tap the equity to buy something else.

An owner occ duplex here in PDX is at least $500k, yes rents are strong but it all comes down to the numbers. What makes the most sense for you, how much do you want to manage and what's the goal -cash flow, equity gain, or both? 

I own single family rentals and I keep on top of the rents every year and adjust as necessary so I don't get behind. I like investing here in our market, as long as it pencils, because I know I can get both cash flow and equity gain. Many out of state markets have much, much, cheaper homes, but the equity gain is much, much lower. So all depends on what your goals are.

DM me if you want to discuss more. 

@John L Daly I echo many of the other replies here. Off market deals aren't necessarily better deals. Every project you look at you need to do your due diligence, run the numbers and decide for yourself if the project works. I work with a bunch of wholesalers and investors and sometimes the deals they show me don't work, sometimes they do. Sometimes I find deals on the market, or on my own. When I know what a client is looking for we develop a strategy to find that, maybe it's on the MLS, maybe it's through a wholesaler, maybe it's a past client of mine. There are a multitude of ways to find the right project for you. A project that pencils for you, may not pencil for another investor due to financing, experience, location, etc. Everyone is unique and has their niche.

I use Troy Reichlein in Lake Oswego, OR. 503.653.9592. Reichleincpa.com. He does my taxes as an independent contractor real estate professional and we hold long term rentals.