All Forum Posts by: Randy Johnston

 After re-reading your original post, I found, once again, that all you did was complain about the system and then set about making a proposal, but, you did not give a case as to why your proposal would work in lieu of what currently exists.

@Jim Kent, You're becoming tiresome, either provide us with a credible case for your proposal or quit trolling this forum. You lost all credibility when you refused to respond with nothing more than spouting over and over again that you expected the real estate brokers/agents to be against you from the start . . . meaning you started out with a prejudice against us.

@Jim Kent, I did read your original post, and when I mentioned that you haven't responded with an argument of your own, I meant that you haven't laid out a case/argument for your "real estate reforms." As I mentioned in my previous reply, plenty of people have presented valid cases/arguments as to why your proposal has no basis in the reality of the real estate industry. 

So . . . where's your case/arguments for your proposal?????

@Ryan Horne, As a private money lender, I only loan to people I know and trust. So to @Jay Hinrichs  point, talk with your family and friends, you may be surprised by the interest you generate. I usually get a 10% interest rate with payments of interest only, which works out real well for me.

I'm a broker in Oregon and the two companies where I have "hung my shingle," not only provide great training and mentoring, but I'm not giving up even close to half my commission. If you made the effort to learn more about the real estate industry, you would understand that on of the main priorities of the principal broker, is to, by law, monitor the agent to ensure that he/she is following the state rules, filling out their contracts properly and not doing anything illegal or unethical. It is in the broker's interest to train the agents working under them as it benefits both parties.

Several people on this thread have made valid arguments to your original post, but you have yet to respond to any of those arguments with an intelligent argument of your own.

If you want people in this community to take you seriously, you should consider adding a picture and a decent bio on your profile page.

@Lisa Wissmath , welcome to BP. Did your friend confirm that the zoning codes will allow him to build on farm land? Last I checked, farm land in Oregon is zoned to allow for one primary residence and out buildings, such as a barn, shed, or stable. Oregon has very strict land use laws and if the farm lies outside the Urban Growth Boundry, there's no way he'll be allowed to build one duplex, much less six.

If he has land, there are many developers or builders who would be willing to work with him to build. He'd have to give up some equity. If he doesn't like the high cost of financing, then it may be to only way to go unless he has enough equity in his current residence to take out a line of credit.

Do you know how far into the process he's gotten? Has he gone through the land use approval process from the county? 

Welcome to BP @Bryon M. Monson . Along with the resources on BP, you should also check out the local real estate investment groups, Northwest REIA. There is also a Portland area networking event this Thursday at 5:00 p.m. The event page states that it will happen on Tuesday, but it's been changed to Thursday, February 23, same location.

@Gene Murashko , you can also go to www.portlandmaps.com, where you can find the current zoning and get an idea if duplexes are allowed in the area. I would also suggest that you make a trip downtown, trying to get someone to help you by phone is very frustrating. 

@Kevin Jorgensen, you've come to the right place for learning more about REI. I would also suggest that you check out the local REI groups, both Rarebird and Northwest REIA hold monthly meetings.

@Christine Johnson-Sundby, @Eric Benzenhoefer, @Chung Le

Our goal is to hold one of these meetings each quarter, so I think we're going to try and do another in January.

@JR Hinds, let me know with you have some time to meet so we can set up the next event.

Thanks,
Randy