Welcome to the first C.O.R.E. (Central Oregon Real Estate) Investor post! For those not familiar with me, Matt Robinson, let me provide a bit of a background to establish some credibility:
I am a native Oregonian, and one of the rare few who decided to become a Husky! I graduated from the University of Washington in 2005 with an honors degree in Finance. I then made the move over to Bend, Oregon to work for my father's business partner in land development. I purchased my first home at the age of 26, and right at the peak of real estate appreciation in Central Oregon. After a year of "fun" development (a.k.a. making money), and a year of uncertainty, I witnessed one of the greatest real estate crashed in US History first-hand. Initiated by the economy, and made worse by the tragic suicide of my boss, I suddenly found myself as the sole employee of a development company with over $100 million in debt (on about $15-10M worth of assets). My father, a multi-family developer in the Greater Portland region, and I spent two long years working with various lenders to finally reach a resolution that allowed us to walk away with all of our personal assets and narrowly avoid bankruptcy.
It was a learning experience beyond comprehension (does that makes sense?), and out of incredibly unfortunate events has come wisdom and a desire to harness what I've learned to capture the boundless opportunities that exist out there, even within a tiny demographic like Central Oregon.
What I'd like to do with this blog is create weekly posts that demonstrate various thoughts on approaches to investing in Central Oregon Real Estate (CORE).
Thanks to those who follow, and I look forward to a prosperous future for us all!
Blessings,
Matt
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