All Forum Posts by: Peter Ryabikin

Thanks for all the input. I have tried staging my own properties and that is not a option anymore. Storage and moving are a pain. Lots of hassle. Having a good eye for colors and properly staging a property is also important in my opinion. You can't just go buy a few couches and have them look good in every house. I'm sure the houses will sell with or without but I always believed that the house looking like someone is already living in it is important. We may test the market without staging to see how it goes. Adds up

Hey! I mostly do flips in Portland or and had the same issue with the 20 percent down when I wanted to start buying rentals. My first 4 plex was purchased with owner financing. Not in Portland but in Longview wa. It's rare now but they are out there. I sold it last year and now regret it. Had great terms. Now it seems like everyone wants to cash out with the hot market but it may be a good way to find deals in slower markets with properties that sit on the market. I'm Always looking for more owner finance deals now!

Curious to what everyone else is doing? We stage all of our houses. We did close to 30 flips last year and plan on 50 this year. We stage houses as low as 230k to over a million. I know a lot of people don't do it but I feel like the property shows better and feels more like "home"? We are spending 1300-1500 per house and that adds up over the year. Staging just 1/2 the Houses this year could save me over 30k but will I really save me money??? Btw the 230k house in Portland that was staged, I walked into the house to evaluate the repair addendum and found a naked guy sleeping in the bed. True story.

I purchased multiple properties from a wholesaler that were from Mls. It's all about the numbers. Getting a good deal on mls takes a lot of work and it's possible to do with a lot of research. We probably bought 2 deals last year from mls and about 3-4 from wholesalers that locked up deals on mls. I am in Portland where the market is pretty hot and we still get deals from mls

I am looking into buying rental properties not in my area and I have been calling property management companies and talking with them. I have also researched similar properties selling nearby the one I want to buy. The listing will list what the property is renting for. Usually they average out within five a 100. Hope this helps and good luck!

We mostly use Iron bridge lending in my area and we love to work with them because the process is fairly easy. If we need a deal closed in 3 days we can make a call and they will make it happen. Fast response time, quick closing, low down payment and rehab funds holdback is key for us with them.

Partner up with a local house flipper/wholesaler. I started flipping when I was 20 years old. Make someone's life easier by helping with their projects. Work for cheap. Work for free! I was a general contractor and did work for a local house flipper and after a few houses and many questions i offered to put in a few bucks and partner. That pretty much started my flipping career in 2010. Good luck man!

I started real estate with maybe 15-20k about 7 years ago. Since then I have flipped over 100 houses. Money is not the only way to start in real estate. Being open to new opportunities and having motivation is the key!

My biggest challenge is finding deals. My goal is to flip 50 houses this year and wholesale at least as many. Portland Or is becoming more competitive then ever! Starting off the year with 7 projects! Hopefully the deals keep coming in!

I would refi and then put in a llc. I heard doing a refi in a LLC is very difficult. I have done this on a 4 plex. Technically the bank could call it due but that is also very rare. My lawyer said that in his 30 years of business he only seen it happen a couple times. As long as you make the payments, the banks usually won't care. Another option is getting a umbrella insurance policy instead of a LLC if you are looking to transfer to a LLC for personal liability reasons.