600k to invest in Oregon which market would you invest in?

[Kevin Peña]

Hey everyone, I am just getting started and looking to buy a Multifamily to BRRRR in Oregon. My ultimate goal is to leverage the cash and build capital.

I feel a bit late to start with where the market is, but I want to get my first deal out of the way to build momentum and gain experience.

With that said I am ok with putting in time and work and don’t mind getting my hands dirty to make something happen, just want to hear some ideas.

[Mike Nuss]

@Kevin Peña I think right now is one of the best times to buy multi fam in Portland as of late, especially since you have the cash position you have. 
With new rent control laws passing, more sellers are coming to the market and demand has pulled back a bit while trying to figure out how to run their proformas. Demand has gone from "paying now" for what "can be" to "not sure what to pay". That's allowed some buyers to make good buys based on current rent. I've purchased 4 multi family properties this year with another in escrow this week. Most of them around the 1% rule, which is almost unheard of in Portland. Feel free to reach out.....happy to help if I can.