Jeff Divers
Lake Oswego, OR (USA)
Role(s):
Founder/Owner/Principal
Vivid Properties, LLC
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Startup
Location:
Lake Oswego
Industry:
Real Estate
Year Founded:
2006
Number Employees:
1-10 people
Description:
Vivid Properties, LLC is a small residential real estate investing company based in Oregon. We buy properties in Washington and Kansas as well. We use many techniques to buy real estate at large discounts including tax sales, mortgage foreclosures, divorce and bankruptcy.
The business model of the company is to buy residential properties at discounted prices and resell the properties at retail prices or hold as long term rentals. We market our services to property owners who are highly motivated to sell their property. When we find a target property or a property owner contacts us, we evaluate the property and discuss the needs and wants of the property owner. We can then determine whether or not to make an offer to purchase the property. Our offers are based on wholesale pricing and below with a fast escrow closing. The value proposition to the owner is that if they are willing to accept less net profit for their property; we can in exchange close escrow quickly and relieve their financial situation. Typically we find owners that have completely walked away from the property due to title, code and tax issues. In many instances the properties have high equities and are free and clear, but run down and boarded up.
We look forward to discussing short term purchasing power and long term financing for our existing inventory and debt restructuring.