All Forum Posts by: Emily Van Siereveld

Hi Tony:

I'm not dedicated purely to investors, but I do have a great interest in helping real estate investors. I am also local to PDX and working with one client that is looking for a flip opportunity in PDX. I'd love to work with you! Let me know if you'd like to meet and learn more about each other - I'd be curious to learn more about your goals.

Hi Jesse - Thanks for sharing about your journey! If you're looking to connect in person, Chris Merz hosts an awesome REI group around the Bridgeport Village area. He calls it Beers and Deals - I hope to see you there!

As everyone else states, I think the first question would be "what kind of real estate investing suits me?". I have one client that is looking for a live-in flip and hates the idea of ever being a landlord. If you're open to house hacking, a duplex in Oregon City or the surrounding areas might be a nice way to start. 

Depending on your finances and goals you'll be able to narrow down location. If you are looking for a flip and have a good budget, Lake Oswego might be a good choice for you (homes tend to be pretty pricey there) - if you're looking for a more affordable long-term hold, Oregon City, Clackamas, Milwaukie, Tigard may have something that suits you. 

If you need any help looking in those markets, let me know! I'm a realtor that works out of Clackamas (Sunnyside), but lives in West Linn. I spend a lot of time in these areas. :)

Good luck!

Quote from @AJ Wong:

..... A strong Oregon Coast vacation rental can generate 10%+ in gross annual income of the valuation! So with $150K down one client should generate $150k+ in gross income. (There was even a recent oceanfront listing at $2.5M that generated over $300k in gross income the past two years!?) ......

Thanks for sharing your insights! I was exploring the available options on the market just the other day after spending another fantastic weekend in a beach rental. I love the Oregon Coast in the fall and winter. 

I was curious what the expectations could be for a STR on the coast - do you think that strong management could overcome a non-beachfront property in a less popular market? Such as Rockaway Beach - why is that a more challenging market to find a desirable property?

Hi @Todd Wood:

I just listened to an "On The Market" from Thursday that talked about this - Episode 155: The 8 Best Housing Markets in the US for Low Prices and High Cash Flow. 

I think you might really enjoy that episode - it explains why each of the markets are on the list. But I did take notes on the specific areas. 

1. Myrtle Beach, SC
2. Tallahassee, FL
3. Jonesborough, Arkansas
4. Joplin, MO
5. Tuskaloosa, AL
6. Oshkosh, WI
7. Odessa, TX
8. Oklahoma City, OK

I hope that helps! 

Quote from @Kazumi Boyd:

Quote from @Emily Van Siereveld:

Quote from @Dave E.:

@Kazumi Boyd my one regret about investing in real estate? Waiting. The stars will never align. The time will never be perfect. The only thing that matters is that the numbers work. So keep looking until you find a deal where the numbers work and start. Waiting won’t help.

Yes, we are looking for first property in Portland.

Kazumi, let me know if you and your wife would like any help finding or looking at a property. I'm a local agent. :) 

Quote from @Dave E.:

@Kazumi Boyd my one regret about investing in real estate? Waiting. The stars will never align. The time will never be perfect. The only thing that matters is that the numbers work. So keep looking until you find a deal where the numbers work and start. Waiting won’t help.

 This is one piece of advise that I hear repeatedly - things only get more expensive if you wait. That said, are you committed to looking in Portland? Or have you been investigating other areas in Oregon that may be a bit more accessible (value-wise)?

Not everyone understands ambition. And not everyone loves working really hard, or taking a risk. I, myself, am not a risk taker - it scares me. That said, if you can establish yourself in this market, you're going to learn the market and role really well! And if you can succeed and be creative now, it will accelerate your business when the market isn't this tough. Be smart, allow yourself to be challenged but remember to take care of yourself, and get in there!

Congratulations! Keep us updated on how the vacancy rates look as you get further along!

@Ryan Long, how is this project coming along? I'm also in Oregon and have been looking into cottage clusters a bit more closely as of late. I'd love to hear more about how this investment is working out for you!