Loooking for a duplex to house hack in Portland, OR

Rental Property Investor · Portland, OR · Member since 2018 · 45 posts · 10 votes

I live in Portland, Oregon . Looking to do a house hack in Portland. But property values are really high right now so duplexes are especially hard to come by. And also most lenders that I have talked to are requiring at least 25% down. If anyone knows anything or has any tips I am super open to help!!! Thanks BP!!!

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Nels Norquist
Real Estate Agent · West Linn, OR · Member since 2018 · 54 posts · 38 votes
8y
If you are doing owner occupied it should not take 25% down.
Contact Vince at eagle home mortgage, he does house hacking himself.
Portland prices are very high. I would look outside the city. Gresham, Oregon city, Tigard, Sherwood.
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Alex Wade
Real Estate Agent · Portland, OR · Member since 2018 · 23 posts · 7 votes
8y
Sean,
If you aren't willing to go FHA, then yes 3-4 units will requireat least 20% (Freddie mac) or 25% (Fannie mae).
FHA will allow you to go as low as 3.5% down, however. A 203k renovation loan may help open you up to some extra listings too.
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Account Closed
Investor · Vancouver, WA · Member since 2014 · 8 posts · 1 vote
8y
What area are you looking at?
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Sean Rhodes
OP
Rental Property Investor · Portland, OR · Member since 2018 · 45 posts · 10 votes
8y
I would like to find something in NE. But I will go wherever the deal is
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