JLong
Screen Name: JLong
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Points: 42
Portland, Oregon
United States
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My Details
Education
Looking at doing some Japanese joinery classes this summer! Should be interesting.
Hobbies
About Me
My Contacts
Looking For
Bought a great fixer in September at 70k under market value. There were a few surprises after the first two months: plumbing! Ugh! But that's fixed up and just need to close up the sheetrock. Need to update the kitchen and have already run nat gas in for a gas range/elec oven. Have replaced hot water heater with a tankless. Also replacing the roof in spring. I'll be sitting on this one until the market improves, so I want to do some custom woodwork to spruce it up. The house has excellent views of Portland and surrounding area from Mt. Sylvania. Once I fix it up, I will refinance it to gain some equity. I will use that equity to leverage another buy.
My Comments
05/19/2009
Aloha: We buy and Hold in Honolulu area but we are currently selling some of our condos because rents are sliding down siginificantly and cash flow is anything but positive. We are selling locally and going on Investor Trips to Dayton and Indianapolis next month. Hawaii Investors Group review: http://www.hirei.org/home
11/11/2008
Hello!
Here's how it works:
Line up a shortsale purchase, use our method to line up a buyer, then use our investor's funds to buy the home and flip it to your buyer. No credit needed on your part since the buyer's note is sold at closing to payoff our private investor.
This is a No Cash / No Credit transaction for investors!
(Click Here)
07/24/2008
Hello!
Very nice to meet you! To your success and happiness!
03/16/2008
09/27/2007
08/04/2007
HI,
If you want to know where to start in investing be sure to visit my blogs and read them. The first two are extermely valuable in your stage of investing.
Also you can join me weekly to find a life changing or inspirational quote.
Livy
07/18/2007
07/04/2007
05/24/2007
Hi my name is jeff. you are very pretty. how is business in Oregon?
05/07/2007
JL,
Great questions!
I'll give you some short answers - contact me (or see my blog) for a more detailed discussion.
You should be able to have enough of a down payment to fund any repairs and still have positive cash flow.
Yes buy your first home, then when you can sell it and put a down payment on two home - do that. Find out about 1031 exchage as a way to defer capital gains taxes.
Building and selling is good if you have skills that match the needs of the home you're buying. When selling, you'll pay capital gains taxes. When renting you can use 1031 exchange to defer capital gains tax. Rent to own is my favorite, because you can help someone who cannot yet afford to buy, giving them a chance to lock in on a home now. You can also use tax deferral with 1031 exchanges.