Updated almost 8 years ago on . Most recent reply
New Member in Portland Metro Area
Hello everyone,
I've been an avid listener of the BP podcast for the past year during my commutes to university and work. Now that I've graduated with a good job lined up I'm finally ready to take the first steps in beginning a new journey in buy and hold real estate.
I'm currently living in the Tualatin/Tigard area and working as a mechanical engineer for a large semiconductor firm. Though I will be able to make a comfortable living working my current job alone, I don't want to put all my eggs in one basket nor do I want to work for somebody else for 40-60 hours a week until I'm too old to enjoy the fruits of my labor.
I'd love to connect with and get to know who else is investing in this region, especially those of you following the BRRRR model! I've started with performing some initial market analysis for some of the neighborhoods in my area, and trying to find a baseline for what's hot.
My current goals for this year are to become very comfortable with performing comps in my area, getting pre-approved for a mortgage to find out my buying power with conventional lenders, connect w/ a investor friendly agent and wholesalers to align on my investment criteria and begin the search! As I do have a regular full time job I'm not in a hurry to snatch up a deal, I'm in this for the long haul. I do, however, want be in a position to identify and act on a deal if one came my way as soon as possible.
Are my goals realistic or should they be more aggressive? Is the BRRRR model feasible in this region, I know the market is very hot around here. Let me know what ya'll think, I'm excited to connect!