All Forum Posts by: Randy Johnston

I'm in . . . it'll be nice to see everyone from the last meet and greet again, as well as any new attendees.

@Mike Sagesse, a prelim is a preliminary title report that you can get through your title company. It is different from a trio in that it provides more information on any liens or other restrictions on the property. Not sure about New York, but it takes approximately 3 days to get a completed prelim from my title company.

I think your first move is to contact the person who's paying the taxes. He/she should be able to give you more information on the property and possibly the son as well. 

Do you know if there is a mortgage on the property? If so, then I'd contact the bank to see if the payments are being made. 

Have you run a prelim?

I'm all for Jay hosting the next one . . . a trip to his office is a much shorter drive for me than North Portland.

It was a very informative and fun meet-up and I will definitely again. A lot of information and ideas flying around the room.

@Steven Mak, welcome to BP, you've picked the right place to learn about real estate. I would also suggest that you look into a couple of our local real estate investor's groups, Northwest REI and Rarebird. There are a lot of experienced investors in these groups who are willing to share their knowledge.

Thanks for the update.

@Austin Youmans, have you found a contractor? I've been told that a lot of contractors don't like to work with a 203k loan due to the paperwork the FHA throws at them. Please keep us updated as I love to know more.

Thanks,

Randy

@Robert Nicolai, Welcome to BP, you've found a great community with wonderful resources that will answer a good majority of your real estate questions. 

We also have two real estate investor organizations in the area that are very active and informative. Not that you'll be able to attend, but if you are ever in town, please feel free to contact me and I will point you in the right direction.

I'll certainly make every effort to attend, it'll all depend on day and time.