House hacking in Oregon -- seeking advice!
Hey guys!
My boyfriend and I are looking to move out of state, and Oregon is one of our top choices. We'd like to start our real estate investing career with by house hacking a duplex or triplex.
Any advice on the neighborhoods/cities we should be looking at?
Our budget is $250K and we'd be looking to cashflow or break even. (Or at the very least very low in the negatives -- the goal is to save up to buy more properties!)
Thanks!
Most Popular Reply
Haley,
I happen to be that BP member that @Ian burg helped buy a house for! I have a duplex in Redmond with a tenant who pays over half my mortgage, and a friend in my second bedroom that reimburses me for utilities and food. My total payment is about $100, although I could easily rent my spare room for more and pay nothing. I just wanted to help out a friend and offered it to them instead.
Redmond is a good area and prices aren't too bad here yet. I am obviously bias because I live here, but it is certainly worth looking into. The weather is normally quite nice as well. A lot of sunshine, and endless amounts of activities to do outside. Also, Ian is great to work with, which made everything I had to do, really easy!