As many of you may know I have been on the hunt for a good multi-family property now for a few weeks in the greater Portland Oregon area for a few different Real Estate investors. As a licensed Broker in Oregon now for some 28 years I have made working with Real Estate Investors the backbone of my business. I am constantly on the search for all types of investment properties. From the larger multi-family projects to the smaller duplex properties. I also look for fixer uppers vacant lots and or just plain old ordinary single family homes that may work as decent rentals. But my recent focus has been on the multi family properties.
This last weeks mailings netted me another potential prospect. An owner who last year had his 4-plex on the market without success. After a brief consultation over the phone the owner invited me to come take a look.
We set a mutual time and as usual I showed up a few minutes early and did the drive through around the neighborhood. So far so good! I met with the owner as we walked through the units I noticed that 3 have the units had been recently remodeled the 4th not yet as it was a long term tenant. We agreed to a price and a fair compensation for my work as this Owner preferred to represent himself.
I made my calls to my investors and Carl was ready to step up to the plate. Two days later after Carl had done his drive by I was ready to write the offer.
I called the owner. The owner said that after conferring with his property management company he decided not to sell as rental rates were going up and it was too good of money to turn down.
Ah the life of an agent is often filled with disappointment. The Quest continues. Surely there must be one person who is willing to stand by their commitments?
Herb Hamilton is a licensed Real Estate Broker with RE/MAX Preferred Inc. Realtors
Cell phone 503-515-8889
Best web site ever http://www.househuntportland.com
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