Rental Property Investor · Raleigh, NC · Member since 2019 · 66 posts · 43 votes
No Experience with BRRRR.
I'm active duty military so I've bought and sold a few props with the moving from base to base. I traditionally financed a REI rental in Salem (which I still hold).
I'm out of state, living in NC, got about 100k saved and want to BRRRR. Just hoping to chat about OR's market.
I'm partial to buying and holding in OR mainly because I have a solid deal finder, lender, and PM I'd like to keep working with.
Not entirely opposed to investing in NC
Just doing more research and looking for local BP expert knowledge
Rental Property Investor · Bend, OR · Member since 2016 · 27 posts · 26 votes
5y
Hi Austen - also a military investor here. I think your desire to continue in Oregon is probably a safe bet. Salem specifically sees a lot of secondary benefits from Portland’s massive growth. The downside is definitely the state’s tenant-landlord laws. I invest in Washington where its similarly tenant-friendly.
Rental Property Investor · Raleigh, NC · Member since 2019 · 66 posts · 43 votes
5y
@Ashton Cleveland
Thanks Ashton, I do know the state isn't super landlord friendly but I do think it's very manageable with a proper PM. Luckily I have a very valuable PM I've found through trial and error.
Rental Property Investor · Raleigh, NC · Member since 2019 · 66 posts · 43 votes
5y
@Robert Laird
I would love to chat if you're willing robert. Expectation management I'm doing market research rather than specifically searching for deals at the moment. So I don't want to waste you're time if you're busy with this crazy market.