Investing in Portland Oregon

Investing in Portland Oregon

Flipper/Rehabber · Summerville, SC · Member since 2015 · 63 posts · 51 votes

Portland Oregon has received top city to live in 2 years in a row, and growing at a rapid pace.  With large companies like, Nike, and Intel the growing demand for affordable housing/rentals are ever increasing.  

The primary concern for Portland with current residents, and relocating clients is our double digit value increase in 2013.  This forced our hand at providing suitable rentals and an monthly increase for rent rates.  While this isn't as suitable for new buyers, have sky rocketed the rental market here.  We are seeing close to 1.00 to 1.20 per square foot on homes in areas surrounding Portland Metro.  The investor feeding frenzy is in full affect, and continues to grow.  

National investor American homes 4 rent is seeing a producing rate of 71% on their north west portfolio.  We all know what happened when they went public, but with Portland hold stronger than other markets were able to turn a heft profit when they sold their 200 plus doors.  

With the removal of A4R in our market, has left a feeding ground for smaller local, and national investors to swoop in and find large profit margins throughout the city.  

Come prepared by, finding a local Real Estate team that is fast to offer, and impeccable systems. This is a must in this very aggressive market.  You must be ready with Proof of funds, sub-contractors, Realtor, and property management company to compete in this market. 

0Reply
23 views

15 Replies

Jump to latestLatest
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Brad F. 

      did you work with John Taylor when you were doing your A4R buys.

    Lets touch base I am pretty active in the market these days and launching a new funding company this week here in PDX.. should be pretty exciting.

  • Flipper/Rehabber · Summerville, SC · Member since 2015 · 63 posts · 51 votes
    11y

    @Jay Hinrichs 

     Yes I did!!!! I did all the research, underwriting, for the team, and walked the properties.  It was a great experience, and we learned alot!  I am now on my own with Keller Williams Portland Premiere, supporting local investors, along with my current business, and have a team that operates in nearly exact protocol as we did with A4R.  

    I'd like to set up a time to speak with you over the phone, or in person to discuss what you have in mind.  I have a few development opportunities, build to suit in Forest grove, and Silverton in the low 190's. Great for rental cash flow.. 

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Brad F. 

      John's a great buy known him for years.

    I sent you a PM we can chat off line...

  • Investor · Vancouver, WA · Member since 2013 · 315 posts · 63 votes
    11y

    @Brad F. ,

    What's A4R?

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Account Closed 

      American homes 4 Rent  HEdge fund out of Laguna beach CA I believe or somewhere down there in sunny socal..

  • Flipper/Rehabber · Summerville, SC · Member since 2015 · 63 posts · 51 votes
    11y

    @Account Closed 

     Here you go http://www.nasdaq.com/symbol/amh 

  • Investor · Vancouver, WA · Member since 2013 · 315 posts · 63 votes
    11y

    Thanks guys!

  • Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
    11y

    @Brad F. 

    What suburbs are you targeting outside Portland? I've been active with rehabs in the outlying areas and many of my finished homes would make good rental units. 

    Cheers!

  • Flipper/Rehabber · Summerville, SC · Member since 2015 · 63 posts · 51 votes
    11y

    @Jeff Wallenius would you mind sending me a few of your properties? [email protected]

  • Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
    11y

    @Brad F. 

    Sent you a PM

  • Investor · Member since 2015 · 22 posts · 4 votes
    11y

    Hi there,

    Portland is indeed crazy these days!

    I'm looking at possibly selling my duplex or doing a 1031 exchange.

    Right now I'm trying to get an CMA so I can make a final decision, do you have recommendations for agents to do this in/around Portland?

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Account Closed

       and if you sell what is it you would like to 1031 into ??? just curious

  • Investor · Member since 2015 · 22 posts · 4 votes
    11y

    possibly a 4-plex, or an upgraded multi-unit where I could owner-occupy again

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Account Closed

      well I think if its owner occ and you buy up no need to 1031...

    and you would need to check if you lived in this unit 2 o f the last 5 years you probably have no tax due on sale. .as you get 250k tax free for single and 500k for married but do check with you tax advisor for you specific situation.

    PDX is a great rental market .. very much over looked in the US scheme of things

  • Investor · Member since 2015 · 22 posts · 4 votes
    11y

    I think I am taxed on 1/2 of it if I sell after 2 years.
    Or at least that is what I got from this article.

    http://www.bankrate.com/finance/taxes/capital-gain...

    If I'm wrong that would be great. 

    Onward and upward!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.