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!
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!
I'd add Gresham to the list. I'm not too sure about Multi-family residences though. It seems like once someone owns one over here, they're never letting go of it. I hope you can find what you're looking for at that price point. When I was looking in Portland last fall, it seemed like everything at that price was either in a very undesirable location (gun range, violent community, freeway) or an REO that needed major work.
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!
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!
@Haley B. Hi Haley, did you end up moving to Oregon? My husband and I are on the same boat you were a year ago. We’d love to live in Oregon (we are looking where to move to) and wonder how’s the real estate climate and if it makes sense as we work on expanding our real estate business.
We are looking to purchase a large house (4- 5 bedrooms) or a small multi-unit to live in and rent out the rest. While setting up a couple short term rentals in the area(s) nearby.
Any suggestions or feedback is very much welcomed
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!
I’m looking to do the same thing in the same state! Curious how your journey has been!
@Haley B. Hi Haley, did you end up moving to Oregon? My husband and I are on the same boat you were a year ago. We’d love to live in Oregon (we are looking where to move to) and wonder how’s the real estate climate and if it makes sense as we work on expanding our real estate business.
We are looking to purchase a large house (4- 5 bedrooms) or a small multi-unit to live in and rent out the rest. While setting up a couple short term rentals in the area(s) nearby.
Any suggestions or feedback is very much welcomed
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!