Friday, May 23rd, 2014 at 10:23am. 1,271 Views, 0 Comments.
Our next FREE INVESTOR SEMINAR is Thursday, June 5th! Join us for lunch and learn about important resources you can use as an Investor in Real Estate by industry professionals. Guests are welcome. Have a friend or colleage that might be interested? Send them our way. We'll make sure to send an invite!
Topic: Being an Investor - Useful Resources
Thursday, June 5th, 11:30-1:00pm, click here to RSVP
Speakers:Troy K. Rappold, MPM, CPM, President, Rappold Property Management, LLC
Property management basics, rental market conditions, and Landlord Tenant Law.
David Labovitz, Senior Loan Officer, NW Mortgage Group
Review and update bank lending for 1-4 unit investment property. Clearly lay out required documentation,
Wednesday, March 19th, 2014 at 2:47pm. 1,234 Views, 0 Comments.
Why should you consider this? One important reason would be for the increased cash flow. Often you can find a 5-8 unit property for the same price as a 4-unit. Of course, there are a lot of factors to consider. You will still need 20-25% down. Heavily weighted in the commercial lending process is the Property's Net Operating Income, the viability of the…
Friday, February 28th, 2014 at 1:28pm. 2,557 Views, 0 Comments.
After almost 30 years volunteering at the Portland Art Museum's Rental Sales Gallery, Bev Levy started ReSale Art, an art consignment shop in the Sellwood-Moreland neighborhood and it's sister ecommerce website www.ReSaleArt.com, to provide Northwest art collectors like herself a place to purchase and sell gently used pieces by Oregon artists. Bev's art consignment store is one of the many creative shops and boutiques within walking distance on Milwaukie Avenue that contributes to Sellwood's creative motif that extends throughout the entire neighborhood.
New items are added to her gallery daily and include art created in a wide range of mediums, of all styles, sizes, and price levels. With such an extraordinary selection, there's a piece bound to…
Monday, February 10th, 2014 at 5:10pm. 2,212 Views, 0 Comments.
Thursday, January 16th, 2014 at 2:52pm. 2,757 Views, 0 Comments.
It’s January, so it must be time to predict what will happen in the coming year. I’m game to share some of my recent observations about the Portland real estate market along with some discussion about the implications for 2014.
The past two years have been great for our market. We entered 2012 with an average home price in Portland* of $286,000. Two years later, the average home price in Portland is now $350,000. Approximately 8,800 homes sold in 2011, and 3,000 more homes sold in this past year. Sellers have been on a great run.
Will this trend continue for 2014? Inventory in our market remains low. There were approximately 7,500 active listings in Portland on the first of the year, and almost 1,300 closed sales in the second half of…
Wednesday, January 15th, 2014 at 8:22pm. 2,626 Views, 0 Comments.
We kicked it off with an update on market trends in the inner Portland neighborhoods which illuminate a trend in the $250,000 and below price threshold, also referred to as Low End. Recent market evidence suggests that prices have begun to crest, showing signs of weakness within the Low End segment. The Low End segment important to watch as it is often a leading indicator for the wider market. Anyone engaged in flipping / renovation projects should keep a close eye on these trends to effectively gauge the market environment. Price discipline and skill in the acquisition phase of a project can…
Tuesday, January 14th, 2014 at 8:35pm. 2,574 Views, 0 Comments.
I recently attended a seminar and learned about a new FHA mortgage loan program called Back To Work - Extenuating Circumstances. It is specifically geared to help those people who lost their homes and/or had their credit damaged due to negative impact events.
One of the biggest examples of an extunating circumstance would be the recession. It caused a dramatic fall in values and was totally beyond the control of any particular individual. This may have caused a short sale or foreclosure. Other circumstances could have been a major illness or loss of a job, which may have left a homeower no financial option other than to sell their house and become a renter. And after time, these individuals may now be back on their feet and want to think about…
Monday, January 13th, 2014 at 3:44pm. 2,655 Views, 0 Comments.
Just because it is winter doesn't mean your house hunting should go in hibernation mode. Rise above the Winter House Hunting Hibernation Hype!!! Here are six big advantages Homebuyers have by buying a house in the winter:
1. Fewer Buyers, less competition. Many families put their home hunting on hold to avoid moving schools mid year. Supply exceeds demand, bringing home prices down. Also, it is less likely to have multiple buyers competing for the same home.
2. More attention from Lenders, Vendors, and other Real Estate Professionals. Winter is the “slower” season for real estate professionals. Working with fewer clients simultaneously, they will be able to devote more time to your search and may have more flexibility to work around your…
Thursday, January 2nd, 2014 at 11:15am. 3,019 Views, 0 Comments.
Happy New Year, Cafe Friends! We continue to receive questions from individuals who are currently, or would like to become investors in real estate. In response, we are launching a new series of FREE INVESTOR SEMINARS, designed to provide you with expert advice from Industry Professionals, a description and overview of the current Portland Real Estate Market, and practical knowledge of how you can leverage real estate investing to increase your financial health in 2014.
Background: In 2013 we helped 14 investors buy and sell their investment properties. This included single family houses, duplexes, four-plexes, and a largemulti-unit apartment complex. We helped investors with various wealth generating strategies, including buy and hold, improve to…
Tuesday, December 17th, 2013 at 2:40pm. 3,396 Views, 0 Comments.
It sounds better than "updated," and it may come with an unexpected and unintended cost: a higher property tax bill. Ouch!
What is the difference between these two terms, often used interchangeably? What started this inquiry were the remarks describing a new listing that I had just showed to my client. It said the kitchen had been remodeled. Well, it seems that once the County saw these remarks, they did not hesitate to reassess the home as well assessing for back taxes for the past 5 years. Wow!!!
I talked to a great appraiser at the County who spent some time explaining. She said that updated means cosmetic fixes, like carpet, counters, hardware, fixtures. But if replacing the counters or cabinets affects the plumbing in any way and a…