Archive for Portland real estate investing

Investor/Realtor Joins Us to Teach Free “How to Buy Portland Houses for Sale” Webinar

PRESS RELEASE

Portland, OR — veteran local investor/realtor joins investor/mentor to share their battle-proven strategies and tactics to beat competitive bids and tap into cheap, unlimited investment property financing to buy Portland houses for sale in free webinar October 3rd.

As both investors and primary home buyers in the market are already aware and the RMLS Market Action for August 2012 reports, housing inventories are shrinking. With the same demand directed at fewer properties, that means increased competition and frustration for retail and wholesale buyers.

Full-time investor John Sheldon continues to succeed in this changing environment, regularly completing real estate investment transactions that generate mid five-figure to six-figure payouts. But even he admits that the market has grown more difficult.

“When you’ve got investors and buyers bidding on the same Portland houses for sale in a low-inventory, low-value market, that means investors work harder for less profit,” Sheldon explains. “That’s why I wanted to find someone who really understands the Portland market and has a history of successfully winning in multiple-offer situations to present to my investor group How to Invest in Real Estate Portland.

“Tracey Branche has that experience. I’m excited to have her join me and share her tricks of the trade. Attendees to this free webinar are going to get a real leg up on the competition.”

Tracey Branche is a real estate broker with Oregon First and recipient of the Five Star Real Estate Agent award for 2011 & 2012. In addition to being a licensed realtor for over 10 years, she has been investing in real estate for 14 years and is currently on the board of the Portland chapter of the Real Estate Invesors Association.

In addition to Branche, Sheldon will also be sharing the results of a recent successful transaction of his. “I’m going to pull back the curtain on a deal I just completed,” reports Sheldon. “Attendees are going to learn how to use creative seller financing the way I did, to open the doors to all the cheap funding and arbitrage income they could ever want.”

“They’re also going to get an inside look at how they can actually quick-turn Portland houses for sale and still collect monthly paychecks from those properties for years after they’ve sold them.”

Webinar Details:

“How to Top Competitive Bids & Tap Infinite Funds”
Wednesday, October 3rd, 7pm – 8pm
Price: Free
Register for this and all upcoming free webinars at
http://HowToInvestPDX.com/signup

John Sheldon may be reached at the offices of How to Invest in Real Estate Portland by mail at 8925 SW Beaverton Hillsdale Hwy Suite E, Portland, OR 97225, by phone at (503)539-9094 or through the website.

Portland Real Estate Investing: Power of Know, Like & Trust

Wow, I had some great interaction directly with a seller that I feel is important to share with others involved in Portland real estate investing.

[dropcap color=”color-default” font=”arial” style=”normal” size=”scmgc-3em”]1[/dropcap]st  I got a call from Bill, who was referred to me by a friend. Bill is somewhat of a motivated seller. When I first talked to him over the phone, he started telling me of a rental that he owns not too far from Intel campuses in Hillsboro. He’s in the process of evicting the tenant.  

He starts telling me that he owes about $85k on a place that is worth no more than $120k.  Not too exciting, as his $1100 monthly rent, does not provide any true cash-flow above his $800 monthly payments, taxes and insurance. We only talked 2-3 minutes real estate at all.  I began asking him general questions, that got Bill talking about things in his life that have nothing to do with his rental or real estate at all for that matter.  

By the end of the 20 minute phone call I knew all sorts about his life.  He was traveling the following week to Vancouver BC and Seattle area to help with a civic-service organization that he has been active in for 38 years.  I specifically probed further in this area, as I could sense it was his true passion and this lead him to open up to me.

This made it very simple to find out more about his life, finances etc. He retired about 10 years ago.  His daughter took over the business that he owned in Tualatin that still occupies a building that he owns free and clear.  As tenant in his commercial building, Bill’s daughter pays him a nice monthly income that affords him to live very comfortably.  He owns his home free and clear. AND… next door to the rental we spoke of originally, he owns another identical rental, [highlighter color=”blue-vibrant” ]except this one is free & clear.[/highlighter]  

After setting the stage above, it was very simple for us to plan a face to face meeting after he returned from his trip.

[dropcap color=”color-default” font=”arial” style=”normal” size=”scmgc-3em”]2[/dropcap]nd We met at a Sherry’s restaurant last Friday for more of the same.  

This meeting was not to analyze the opportunity.  This meeting was to further my relationship with Bill.  We scheduled 45 minutes for this meeting.  A full 40 minutes of this meeting was filled with Bill talking further about his life, lead by a few key questions by me. This is not rocket science once you get the correct mindset.  So Bill continued more about his civic-service organization, his wife, all 3 of his adult children, his grandkids and more.  

With 5 minutes left in our scheduled meeting, I decided that we should talk a little about the properties.  As I did that, he started asking me about my kids, that’s how comfortable and in-the-flow Bill was feeling at this point.  We went about 5 minutes overtime, as I reviewed my original notes about the property with Bill and added to notes and understanding about the two properties.

I told him that I would do a drive-by of the properties and get back to him this week to talk further.

People tend to do business with those people that they know, like and trust. This is true in Portland real estate investing as in most any transaction.

One of the most famous and certainly simple books to read on this subject is “How To Win Friends and Influence People” by Dale Carnegie.  This is a must read for everyone and I highly suggest it to all.  Even if you have read it a few years back, read it again and review it often.  It is great input not just for business, but for life in general.

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Whether or not I end up doing business with Bill, this is already a successful relationship for me. I have further expanded my sphere of influence, as I suggest is the premier form of marketing in creative real estate.

Regarding the Properties 

My initial thoughts are to help him unload the leveraged property by selling it to me at about what he owes so that I can break even or hooking up with a realtor to sell it retail.

THE KEY is that I will help him get rid of the leveraged property, so that I can then purchase his free & clear one with seller financing that provides a clear positive cash flow. 

[box color=”blue-vibrant” type=”round” icon=”star”]I may then wholesale this property, clearing $7,500 from another local investor who is looking for this type of Portland real estate investment.[/box]

Any questions?

To Your Success!

John

Portland Real Estate Investing: Power of Know, Like & Trust