Portland, OR -- Multi-family, FHA Loan- HELP :)

[Dakota Mivshek]

Hi there, 

In my mid-twenties and now have the okay from my mom to borrow money for a down payment (up to 50K). I'm interested in putting this towards a multi-unit property (2-4 units) and leveraging a FHA loan. I've been doing some reading and analysis, but have some two major questions.

1. With Portland seemingly "hot", are good deals still able to find? 

2. Okay, I now have the okay, access to 50k -- what are my immediate next steps? 

Best,

Dakota

[Ellie Hanson]

Portland is hot hot hot as you know. We are in the middle of 3 flips right now. If you're talking buy and hold your best bet for affordability and appreciation are Milwaukie and Lents. Brentwood-Darlington is a distant 3rd choice. It's very "pocket-y" here as you know so go out and drive around. You might be unsure about living in your rental in these neighborhoods but it's your best bet.

I'm assuming you're talking about Portland Oregon. Ha!