Oregon Rental Cash Flow

6 Replies

Hello BP,

My name is Anthony, I just turned 21 years old, and this is my first post. I am currently purchasing my first real estate investment here in Roseburg OR. That in itself is a story, simply because I was tied up in a short sale for so long before my deal finally went through. I was qualified for my loan about 14 months ago, and I have been looking at local real estate on a daily basis and running numbers on a daily basis ever since. It seems that around here there isn't a lot of opportunity for cash flowing properties. Cash-flow properties are my main interest and what I would really like to build my portfolio with. Most "good" deals that I have found in the last year never cash flow more than $100 after all monthly expenses.

I'm hoping there are others locally that may be investing within a 2 hour radius of my current property. If anyone knows of good areas that are good for cash flow in OR, any insight would be much appreciated.

Thanks!

Sounds good. I'm in Eugene all the time and really like it up there. Prices in Eugene are much higher compared to Roseburg and surrounding areas, but rents are much higher too. I'll start running numbers on Eugene and surrounding areas. Thanks Ramiah!

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Cash flow will always be a by product of how much you put down, the purchase price, and the amount of rent you are getting. Most investors, including myself, love to find the most cash down for the least amount of money out of pocket. Or atleast this is my experience. This is shooting for a high cash on cash return. How quickly you can get your down payment back out of a property. I've found its tough to find great deals while prices are this high and cap rates are so low. I have a good cash flow property in madras, that I've been super happy with. Bend is insanely priced so people are moving to outlying communities where prices are still reasonable in my opinion. Maybe take a look around there.

I agree, but it always seems there are better places for cash flow than others. Some of the more inflated areas in Oregon really are just about impossible to get cash flow without buying something that needs major rehab or value-add construction.

I haven't done much research of Eastern/Central Oregon. Most of my focus has been towards the coast (because I travel there a lot, and am very interested in owning some coastal real estate), and anything off the I5 corridor. I know Bend has been very hot for real estate in recent years. I'll take a look at my proximity and start familiarizing myself with area's prices and see how the numbers look. Thanks for the info, I really appreciate the feedback!

Welcome.  I got my start in the Green District with my first rehab, suffered through the housing bust in Roseburg.

I am now investing out of Medford but deals are harder to find here from what I have seen. I am always looking in Roseburg as I still have family up there who need some property.  Any rate.  Welcome and feel free to reach out if you desire.

Marques

Originally posted by @Marques J. :

Welcome.  I got my start in the Green District with my first rehab, suffered through the housing bust in Roseburg.

I am now investing out of Medford but deals are harder to find here from what I have seen. I am always looking in Roseburg as I still have family up there who need some property.  Any rate.  Welcome and feel free to reach out if you desire.

Marques

 Hello Marques,

I really like the Green District. There are always tenants for Green District properties, and some of the foreclosures around there have been going for good prices! The only problem that I find is that a lot of the properties I have walked through are in the 100 year flood plain, which quickly sucks up that precious cash flow.