Up and coming towns and cities in Oregon and Nevada

Up and coming towns and cities in Oregon and Nevada

Flipper/Rehabber · Bay Area, CA · Member since 2016 · 32 posts · 2 votes
I need help deciding where would be the best place to invest in Northern California, southern Oregon or central Nevada. I really am worried about buying a place and then not knowing if it will sell right away Any advice or info would help Thx
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Investor-friendly agents in Oregon, OH

See the agents BiggerPockets members work with in Oregon, OH.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    10y

    southern Oregon is hit and miss.. it got hammered in the down turn.

    K falls is a place to be careful of .. Medford there is opps.. Ashland is a great little town but priced accordingly.  Grants pass could be a option

    then there are little towns out of Grants pass.. I have bought timber ground in those areas and it took years to resell...

    just stick to your tried and true methods of buying deep discount.. check DOM for the area and don't over pay.

  • Real Estate Investor · Reno, NV · Member since 2012 · 240 posts · 45 votes
    10y

    Reno, Sparks, Carson City are very tight markets...  low inventory levels <3 months supply and rental income has not keep up with the housing appreciation pricing.  There are still opportunities but you really need to dig to find.

  • Jo-Ann LapinPro Member
    Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
    10y

    I am biased as I live in CA and love it here. I think you need to evaluate what you personally want out of this. The other areas outside of NCA will not have as much upward equity growth as CA. The numbers over the  years always show that. With all of that the other areas have an appeal as they are often newer at a lower price point. What is your personal goal?

  • Flipper/Rehabber · Bay Area, CA · Member since 2016 · 32 posts · 2 votes
    10y
    Thx peeps Personally, eventually I would like some MFR to have as my main income generator. I was thinking that to begin, flipping houses would be the best method to generate cash flow, so I can put a large down payment down on my first MFR. At present I am willing to invest 50-75k. Do I have the right idea, or am I way off? What about investing in properties on the east coast or down south?
  • Investor · Richmond, BC · Member since 2013 · 316 posts · 133 votes
    10y

    I can't help you with advice on where to look but with my limited experience I CAN say - Don't buy a flip that you can't drive to at least a couple of times a week. Whoever it is that's telling you "they'll look after it" - well they won't. And they'll think you're a fool and they'll take advantage of your goodwill and lack of knowledge. A good contractor likes to work with a 'boss' who knows what they're doing and is close when last minute changes and decisions need to be made. 

    You will hate learning this from your mistakes - learn it from mine instead.  Please.

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