All Forum Posts by: Lorraine Hernandez

I have a partner who is liquidating assets in Oregon and one of the properties we are working on would have to be assigned as a Wrap with a 3 year lease option, due to the homeowner assistance fund lien put in place during covid. This lien is forgiven within 5 years but would need to remain in place with sellers name for the remainder of 3 years unless a payout of $60k is made. What would be some additions made to the deal to make more attractive to end buyers? Also willing to network with interested buyers in Portland to get this deal done! 

The debate between securing a buyer or a deal first is common. It's smarter to know your market and potential buyers before committing to a property. Understanding what makes a good deal helps you find buyers more easily. Evaluate exit strategies for buyers before locking in any deals. Engage with local market communities like Facebook groups to connect with potential buyers and gather market insights. Prioritizing market knowledge and buyer preferences minimizes risks and maximizes success.

Real Estate Friends! I have a seller who wants to sell their property but is currently tenant occupied. Im trying to figure out a solution on how I can keep the tenants occupying the home, while my end buyer can make repairs on both the units for about 2 months to add value to the property and potentially raising rents. However, the family is currently going through job loss but are up to date with their rent payments. What would be the proper solution to this in order for a potential buyer to be attracted to this deal and inherit the tenants? This is a delicate situation and I want this to be as smooth as possible, having them vacate the property is a last resort option. 

I will be getting my real estate license in 2 months, and I am currently looking to purchase my first property within 6 months. Are there any benefits from having your realtors license when getting approved for a first home loan as a primary residence, as well as having any sort of buying power when giving an offer on a property?

Thank you, I appreciate the responses!