All Forum Posts by: Harrison Lieuallen

Hey BP,

I was wondering if anyone can help answer my question, I was driving to the beach the other day when I noticed these buildings on the intersection of Sunset Highway and Timber Road, This is in Oregon by the way, (heck let me say Portland as well so people with that keyword may be more likely to notice this post) anyhow let me just cut to the chase. These buildings have been empty and have became more and more decrepit and defaced as the years have gone on and a really cool thought came to mind. It would be awesome to buy them and then turn them into something amazing that people point at and go "would you look at that they actually did something with those things". My question for you is this, how does one go about purchasing a property that they don't have the actual address for or any idea who may own it. 

Thankyou BP

Salutations Bigger Pockets Members,

I'm so glad I found B.P., there is so much useful information here. I live in Tigard Oregon, I'm 18 and I've decided I will retire within the next 10 years. Personal finance has been a passion of mine since 11th grade, the very idea of living without having to work is the most amazing thing in the world, but I know it won't be easy at all.

If Bigger Pockets has taught me one thing it has taught me to be ambitious yet practical. I have a goal, to achieve financial freedom. "Rich Dad Poor Dad" taught me the concept, and "Set for Life" taught me how it was possible. I plan to save up a 25k, within the next year and a half while I have no expenses. Currently I live with my parents and work full time so, as long as they allow, I can continue to save most of my income, even if its not fantastic it's still more than many un-financially educated people save.

Roughly I have 3,800 invested in an index fund, these funds are my savings. Each month I make about $2,000, and I roughly invest about $1,600 of it but I plan to bump that up to 1,800. It's easy for me to save because of my lack of housing and food expenses, I am lucky to be in this situation, but I've also made the conscious choice not to have a car witch saves me a lot of money. Instead I bike to work, this saves a lot of commuting costs.

I plan to house-hack given all it's pros it seems like the right option for me. I would hope to qualify for an fha loan so I can use as much leverage as possible, I don't entirely understand the market yet but after looking on redfin and Zillow I realized how expensive multi family homes in my area really are. Because of this I'll probably look off market but even then I think my biggest hurdle will be financing. I am still quite young, don't make too much annual income, and have no deals in my history, but I have good credit. I looked into how to get a brokers license because I believed it could help my credibility and also teach me a lot but the price doesn't seem practical before I even get my first deal.

With Bigger Pockets I hope to meet people who can help me learn what I can do in this situation and of course see if I could help anyone else despite my fledgling status. I may not be experienced at all but I am very excited and interested in anything I can do to help learn more about the amazing world of real-estate investing.