House Bill 2001- Investors Goldmine!
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by alcrone
- August 5, 2020
- Real Estate
- 0
HOUSE BILL 2001
The housing crisis in Oregon is real. Homes and apartments are being built, but not fast enough and not focused much on the affordable aspect of things.
This bill is really the opportunity of a life time for an investor. Coupled with a depression, this is the perfect time to help many people and create lots of wealth and cash flow at the same time.
What has happened with this bill is that they have eased many restrictions for infill in the Urban growth boundaries of each town. Duplexes, Triplexes, Quads, cottages and townhomes will be allowed on Single family lots if proper utilities exist and it lies in the UGB. This bill will be implemented June 30, 2021…. just around the corner.
On top of all this, each city will ease development costs weather it is SDC’s or permit costs, enabling infill to take place easier and cheaper.
This depression, in the next few years will create many good purchases. That coupled with interest rates will create many profitable deals all geared to cash flow.
The basic model is to have 70% of assessed value invested in them upon completion. Then getting 100% financing (with built in 30% equity), take money back out and repeat. This gives you an infinite rate of return with equity buffer.
If you are interest, contact me and get on my list.
Al Cronemiller
503-949-5025
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