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Joe Hernandez
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Direct: (503) 807-6165

Office: 503-807-6165

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Exit Realty
2737 SE 21 st Ave.
Portland, OR

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A Users Guide to Investment Property in Happy Valley

Posted by Joe Hernandez | on Wednesday, May 22nd, 2013 at 6:18 pm
Category: Buy a House, Homes, Homes for Sale, Real Estate, Real Estate Agent.
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Are you  looking into investment property in Happy Valley? You will likely want to bring in wealth on real estate based on risk you are taking, while reducing the total time you need to spend on upkeep. To do this, you need to make some smart choices upfront when thinking about investment property in Happy Valley. Your plan should be to attempt to understand as many circumstances as possible:

investment property in Happy Valley

A fair cash return

When you’re investing in property in Happy Valley, you’re taking money out of your liquid financial and investing them into an incredibly illiquid asset – real estate. You should attempt to earn a fair cash-on-cash return on your real estate. To achieve this, you need to document your deals and buy cash flow- property that will give you a relatively decent returns – you should not prize property that is negative.

Is it a risky investment?

Let’s face it. Real estate is high risk. All forms of real estate have higher risk than just buying a nicely recognized cash flow investment property. In many cases with investment, you won’t see a penny of your money again because so many things that can go wrong. So if you invest in real estate, consider simply taking fee simple title in your own name with the properties you purchase. You must also do the proper due diligence, analyze, test, review reports, etc., to make a lower risk real estate choice.

Doesn’t Require a Lot of Time or Managing

Some investment property in Happy Valley require far too much time and management to be a smart investments. Stick to the boring properties for as long as you can, to tenants who take care of the property, while treating your tenants with respect, keeping good relations with them, which will reduce conflict with your property.
As you delve into investment property in Happy Valley, you also want to make sure you have an agent on your side to help you see to it that these things all happen. I understand and have experience with investment property in Happy Valley, so if you have any questions, concerns, or would like to see a list of properties, contact me today.

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This is a Great Time for Investors in Gresham

Posted by Joe Hernandez | on Tuesday, May 7th, 2013 at 8:12 pm
Category: Buy a House, Homes, Homes for Sale, Property Investment, Real Estate, Real Estate Agent.
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As an investor in Gresham, it can be a struggle to keep up with the real estate market. It is in a constant state of change and is always going in a cycle. but with help from an agent like me, I can keep you up to date on the latest in the real estate market because I keep my finger on the pulse of this industry. That is why I am here to tell you that if you are an investor in Gresham, this is your year. As you may know, inventory is very low and demand for homes is very high. Sadly, this is a frustrating time for home buyers because of how much competition is out there for homes. What was once considered house hunting has turned into a bidding war over home, and as an investor in Gresham, this is your chance to help people by investing in homes and renting them out.

investor in Gresham

Many investors in Gresham who are looking for fixer uppers typically pay cash for homes, and it is you who is a big support to the housing recovery because investors in Gresham push prices forward by investing in distressed property and bring it back to life. You are like the doctors of the real estate market. Tight credit is a huge issue for the housing market, and the home owner class has been brought down by this downturn. Due to high competition for home, many people are being outbid, so that is why investment property is a great way to be a hero who is also gaining capital on your investment. With historically low interest rates and low home prices, this is a great time for investors in Gresham to flip a home and rent it out to someone who is in the process of trying live out the American dream, but cannot necessarily buy a home yet. So as an investor in Gresham, you want to put your money in a good place and bring some of these homes back to life so people can find a great place to live.

If you have any questions about investment property in Gresham, or you are interested in becoming an investor in Gresham, please contact me. I would be happy to help you find fixer uppers and distressed property to invest in. Call, or register online today.

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Buying a home in Milwaukie: Featured Listing

Posted by Joe Hernandez | on Friday, April 19th, 2013 at 4:48 pm
Category: Homes, Homes for Sale, Property, Property Investment, Real Estate, Real Estate Agent.
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People forget that buying a home in Milwaukie doesn’t mean you have to buy a single-family home. Condos are often looked over because they are thought of as glorified apartment, but this is an unfair assumption and extremely untrue. Many times you will find that a condo is just as spacious with many bedrooms and more affordable that a detached home. This 3-bedroom 2-bath home is a great example of why condo living is so great. Buying a home in Milwaukie is for anyone, and this home is perfect for anyone looking for an affordable home in a great location.

buying a home in MilwaukieThis spacious, charming condo is bright, clean, and sleek with large windows that flood the home with natural lighting, giving this home a peaceful setting along the Willamette River. The kitchen has been updated and the bathroom, there are new electric panels, all the appliances are new, there is a washer and dryer, a covered deck that overlooks the pool and ground with tree-top views. There is a storage area and lots of parking with easy and secure access to the river. What more could you ask for in a home? Buying a home in Milwaukie is the best move you can make!

Contact me today if you are interested in this home, or any of the homes for sale in this area. I am here to help you find the best home that suits your needs, so call, or register online, and let’s talk about buying a home in Milwaukie.

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The Benefits of Rental Property in Portland

Posted by Joe Hernandez | on Tuesday, April 2nd, 2013 at 7:26 pm
Category: Buy a House, Home Sweet Home, Homes, Homes for Sale, Portland, Property, Property Investment, Real Estate, Real Estate Agent.
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Have you considered investing in rental property in Portland? If you haven’t, maybe hearing about all of the benefits will help convince you that it is a great investment and worth looking into. Whether you want to buy a home to rent out, or you are looking for a fixer upper to renovate, there is a great home waiting for your care. If investment property is something you are interested in, you want a real estate agent who understands the details of being a landlord and buying fixer uppers like me. Not every agent understands the complexity, the pros, or the cons of becoming a landlord. I do, and I can help you through the process.

rental property in Portland

One of the best benefits of owning rental property is the numerous tax breaks. There are more deductions and tax-related strategies available for this property than any other type of investment. Many owners do not take full advantage of these allowances because they don’t know about them or choose to ignore them. They may fear being audited. There are, of course, things like mortgage interest and insurance, but what people do not know is that you can deduct these expenses when dealing with real estate business and there are different ways to depreciate the coast of property, even as the value increases.

Contact me today if you are interested in learning more about what rental property in Portland can do for you and other tax deductions that you can receive for being a property owner. Call me, or register online and I will answer all of your questions about rental property in Portland.

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Fantastic Short Sale Homes For Sale in Gresham

Posted by Joe Hernandez | on Wednesday, March 20th, 2013 at 6:52 pm
Category: Buy a House, First Time Home Buyers, Foreclosures, Homes, Homes for Sale.
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If you are looking for great homes for sale in Gresham that is in a great neighborhood, then you must see this home. This home is truly a gem. There are a few unfinished projects, but it is nothing you cannot handle, and at this price, it is well worth the fixing. This home could shine bright like a diamond, turning this nice home into a great one. This would make a great home for a first time buyer, or an investor looking for a rental/fixer upper.

homes for sale in Gresham

This 3 bedroom 2 bath home has the potential to glint like gold. It is in a great location near schools, dining, shopping, and more! The front yard is filled with beautiful greenery, the backyard is huge, the living room is nice and cozy, and the bedrooms are spacious. You will love all 1,952 square feet of this home. This is a short sale, so a home of this quality at this price will not last. It is time that you saw all the potential that homes for sale in Gresham can have. Make and offer today!

Contact me if you have any questions about homes for sale in Gresham. I am willing to do what It take to get you into a home today! Call me, or register online, and I will answer all of your questions about short sales and homes for sale in Gresham.

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REO Homes in Portland are a Sweet Deal

Posted by Joe Hernandez | on Friday, March 1st, 2013 at 9:34 pm
Category: Bank Owned Homes, Buy a fixer in Portland Oregon, First Time Home Buyers, Foreclosures, Homes.
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Have you considered looking into REO homes in Portland? If you are a first-time home buyer, you may not be familiar with REO homes in Portland. REO stands for Real Estate Owned, and in most cases, these properties were originally homes that were unable to sell in foreclosure auctions. Here are a few tips to think about when buying REO homes in Portland.

REO Homes in Portland

  • Find an experienced agent in Portland
  • Because buying REO homes in Portland require a more complicated process, you want to make sure you have the help of an knowledgable agent who is familiar with the market and has experience in buying REO homes in Portland. I have access to listings of these properties and can quickly find you homes that are the best fit for you and your family.

  • Pick a number and stick with it
  • As you determine you budget for buying a home, it is important that you take into consideration not just the cost of the mortgage, but the cost of upkeep and other essentials that you may need. Just because the bank approves a loan for a certain amount doesn’t mean you should buy a home at that price. Take the cost of living into an account, know your budget and pick a price and stick with that number. Don’t go above it.

  • Look at your options
  • I like to compare shopping for a home online like online dating. You have all these homes to choose from and the best way to give your hopes up is to fixate on one home without considering the others. Someone may have more to offer than you and you could lose the home, the bank may not approve your mortgage and you miss out on the home. Whatever the reason, it is important that a). you get pre-qualified for a loan and b). you don’t fall in love with one house. Find like 10 homes you absolutely love, or even 4. Just not one. That is be best way to end up broken hearted.

    Considering REO homes in Portland is a great decision on your part. Now let me do mine part and help you find that home. You can contact me today if you are interested in find REO homes in Portland. I am here to help you.

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    Buying a Home in Troutdale Provides a Family Friendly Environment

    Posted by Joe Hernandez | on Monday, February 18th, 2013 at 6:11 pm
    Category: Buy a House, Home Sweet Home, Homes, Homes for Sale, Real Estate Agent.
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    Are you thinking about buying a home in Troutdale, Oregon? If you are, then you should definitely take a look at this lovely home. It is the perfect home for those with children because it is within walking distance of the park and Sweetbriar Elementary. You will also live very close to the Troutdale Market, The Dabney Disc Golf Course, and many local restaurants and bars. This very safe neighborhood is perfect for raising a family. Come see why you should be buying a home in Troutdale.

    buying a home in Troutdale

    With 4 bedrooms and 2.5 baths, this 1,778 square foot home has the perfect amount of space for you and your family. There is also extra space downstairs that can be a separate living area. There is an enormous backyard, a very cute kitchen with white cabinets with red trim, lots of cabinet space, and a roomy living room with a fireplace. The roof was replaced 2 years ago and there is new vinyl windows and sliding door. This home is in great shape and has great potential to be everything you are looking for. Buying a home in Troutdale will provide you with the highest quality of life that you deserve.

    Contact me today if you are interested in buying a home in Troutdale. I want to help you find the best housing options for you and your family. Register online, or call me today!

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    A Home in Peaceful Portland

    Posted by Joe Hernandez | on Wednesday, January 23rd, 2013 at 8:39 pm
    Category: Buy a House, First Time Home Buyers, Invest in a fixer in Portland.
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    Portland, Oregon is a city with goals to maintain a safe and peaceful community for its citizens, while promoting economic vitality and opportunity. It is a city where a high quality of life is tradition, with a balance between protection and enhancement of the natural and build environments that surround the city. They have a goal to maintain an effective and safe transportation system, and to deliver efficient, effective and accountable municipal services. When you buy a home in Portland, you become part of a community of people who care deeply about their city and the condition in which it is kept. Also, when you buy a home in Portland, you get amazing and spectacular deals on housing such as this amazing bungalow.home in portland

    This is an remarkable remodeled home with vinyl windows, hardiplank siding, brightly painted walls, a beautiful, large kitchen, 2 bedrooms, 1 bath, and 910 square feet of cute, warmth and comfort. This is a great house for a first time buyer looking for a starter home, or an investor. This home needs minor cosmetic repairs, but it is in great shape. This is a home with great potential, and with a little love, this could be a real diamond. It is a great investment for anyone looking for strong property in Portland. Come see this home today.

    Contact me if you would like to see this home in Portland or any of the lovely homes available today!

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    My new listing goes pending in 1 day!

    Posted by Joe Hernandez | on Monday, April 16th, 2012 at 5:14 pm
    Category: My new listing in Portland Oregon.
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    I have an old neighbor that decided he wanted to sell his house in SE Portland. We had talked about the possibility of selling his house last year, but at the time he wasn’t ready.  In early March 2012 he called me and said he was ready to sell and that he wanted me to list his home and sell it for him in Portland Oregon.

    During our initial meeting I knew he had a house that would be attractive to many buyers in Portland.  The neighborhood was nice, hardwood floors in the living/dining rooms, finished basement, nice backyard, and most importantly it had tons of charm. 

    We talked about repairing a few minor things and painting a room or two.  But the two most important things was to have the house clean and price right.  Even though cleaning is something that everybody can do, nobody wants to buy a dirty house or overpriced home.  A clean house & pricing it correctly are the two biggest parts of the recipe for selling your home in Portland.

    After a few weeks of painting, minor repairs, and cleaning the house, it was ready for pictures and ready to hit the market.  I officially put the house on the market on a Saturday morning about 7am and by 7pm that same day I had received our first offer.  The first day we had 6 potential buyers tour the house and the feedback was very positive. We were able to have an agreement with the buyer the next day and house went pending. 

    The home buying process is a long road, so we still have a ways to go, but we are certainly on the right path.  The house is scheduled to close the first week in may or sooner.  At this point my seller is excited to and happy with how the transaction is going.   My goal in every transaction is to make the sale or purchase as easy as possible for my clients,  and that is exactly what I’m doing for this seller now.  I can also do the same for you if you need to buy or sell a home in Portland Oregon.

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    Down Payment Assistance Loan (DPAL) in Portland OR Part #2

    Posted by Joe Hernandez | on Monday, March 19th, 2012 at 7:07 pm
    Category: Down Payment Assistance Loan (DPAL) in Portland Oregon.
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    Now that you’ve decided to buy a home and take advantage of the DPAL loan and everything the market offers to first time home buyers in Portland Oregon, how do you get started.  Well, there all kinds of ways, but my job as a Realtor in Portland Oregon is to lead you down the right path to home ownership.

    Let’s talk about how to get the down payment money today (DPAL).  First thing you need to do in get invovled with a one these local organizations: Native American Youth and Family Center (NAYA), Hacienda Community Development Corp, African American Alliance for Homeownership (AAAH), or the Portland Community Reinvestment Initiatives, Inc (PCRI).

    You will need to setup an intial meeting to review the program with one of these organizations. Then complete an application and turn it into on the MHAC (Minority Homeowner Assistance Collaborative) organizations for a review and determination.  As I wrote before there are some requirements in order to qualify for the loan which I talked about in Part #1. (Don’t worry it’s pretty easy to qualify, just takes some effort from you)

    Remember the homes have to be in the North Interstate area (N. Portland) or in the Lents area (SE Portland) and the home has to be verified by inorder to qualify. 

    Currently, there are a few loans available for the North Interstate area, but many more available for the Lents area, so buying a home in the Lents area really makes sense now. (Remember these DPAL loans run out of money so if you wait to apply, you will likely miss out this year) If you have been thinking about buying a home in Portland Oregon, call me so I can help assist you in getting up to $32,ooo towards your down-payment!  Keep in mind, things take time, so get started now!

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