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All Forum Posts by: Felix Lilly

Felix Lilly has started 14 posts and replied 26 times.

Hi everyone,

My name is Felix, and I’m a young medical professional based in Portland, OR. I’ve been exploring real estate investing and am particularly interested in wholesaling as a way to get started in the market while learning the ins and outs of property acquisition and deal structuring.

I’d love to connect with experienced wholesalers in the Portland area who can offer advice, share best practices, or even point me toward potential deals. I’m especially interested in:

  • 1. Identifying off-market properties and motivated sellers

  • 2. Building a network of buyers and investors

  • 3. Understanding local regulations and market trends that impact wholesaling in Portland

If you’re active in the Portland area or have tips for someone getting started, I’d greatly appreciate your insights. I’m eager to learn, network, and hopefully collaborate with others in this community.

Thanks in advance!

β€” Felix

Assigning this off-market opportunity to a serious investor ready to close fast!

πŸ“ Address: 1925 SW Montgomery Pl, Portland, OR 97201

πŸ›οΈ Beds/Baths: 3 Bed / 0 Bath

πŸ“¦ Lot Size: 0.43 acres

πŸ—οΈ Year Built: 1991

πŸ’° Asking Price (Assignment Fee Included): $360,000

πŸ“ˆ ARV: $850,000 – $875,000

πŸ”¨ Estimated Repairs: $80,000–$100,000 (depending on strategy)

πŸ“Œ Why This Property?

– Highly desirable Goose Hollow / SW Hills location

– Zoned RM2 (medium-density multi-dwelling) – development potential

– City views, minutes from PSU & downtown Portland

– Strong upside for fix & flip, rental, or new construction

– Vacant at close

– Significant equity potential

– Buyer responsible for own due diligence

πŸ“… Closing: With seller’s preferred title company

πŸ” Access: Available by appointment – serious inquiries only

πŸ” Assignment contract ready – cash or hard money only

πŸ“© DM me or drop your email for full details, photos, comps, and walk-through info.

πŸ“² Act fast – deals like this in this neighborhood don’t last!

Hey guys. 

I just got accepted to MCPHS medical school in Boston, Massechusetts. What I want to do before September (when the school year starts) is find something like a 4 or 5 bedroom house and then live in one of the bedrooms and rent the other bedrooms out to other medical students. Personally I am not sure what investing out of state looks like, and I would truly feel incredulous if I could get help from any of you amazing friends here on bigger pockets! Maybe you know someone who knows someone? Let me know! 

Thanks! 

Post: Looking for my first investment property

Felix LillyPosted
  • Posts 27
  • Votes 26
Quote from @Arn Cenedella:

@Felix Lilly

what is the biggest obstacle in your way?
how long have you been thinking about buying out of state?


Arn

@Arn Cenedella the biggest obstacle in my way is knowing what steps I need to take exactly so I don't fall into debt. I have been wanting to buy (anywhere) for about 3 years. I would love to get an investment property before too long so I can start building equity and getting a good stream of cash flow. 

Post: Looking for my first investment property

Felix LillyPosted
  • Posts 27
  • Votes 26
Quote from @Bradley Buxton:

@Felix Lilly

How much capital do you have to employ because if you buy in all cash in theory it will cash flow. In Reno, NV there are new builds that cash flow with reasonable down payments because of the incentives to buy down interest rates. Nevada does have low property taxes which also help with cashflow.  Your strategy will also change your yield.  

@Bradley Buxton would you recommend investing in Reno? is the ROI high over there? I can't pay entirely cash for a property yet, I'm just wondering to get started. You know what I mean?

Post: Looking for my first investment property

Felix LillyPosted
  • Posts 27
  • Votes 26

Hey bp. 

I want someone to help me find a property or apartment that will yield me a return on my investment. I do have some up front capital. I live in Oregon and I am familiar with it here; however which ever state has the best return on invest I am open to the idea of investing out of state as long as it will cash flow. What would all of you recommend? If there are any of you who already own apartment buildings or properties (?) I would love to hear from you! 

Thank you. 

Post: Looking for my first property

Felix LillyPosted
  • Posts 27
  • Votes 26

Hello Bigger Pockets. 

For the last few years I have been looking for my first property in the greater Portland area. I am wanting to ideally find a single family house with a few bedrooms so I can rent out additional rooms to my friends who are looking for housing. Vancouver WA is probably going to be the best bet for where I am looking for properties in. This would be my first time buying a house. I think FHA is the best way to go about all this, and ideally I want to find a place that already has tenants living in it. Thank you all for your help!

Felix Lilly 

Post: Trying to begin househacking.

Felix LillyPosted
  • Posts 27
  • Votes 26
Quote from @Khalid Haynes:
Quote from @Hamp Lee III:

House hack using the Neighborhood Assistance Corporation of America (NACA) loan program.

NACA was formed in 1988 and provides an affordable option for potential first-time buyers:

βœ… No down payment

βœ… No closing costs or fees

βœ… No mortgage insurance

βœ… No consideration of credit score

βœ… Below market fixed interest rate

There are several requirements to be eligible, starting with attending one of their workshops.

https://www.naca.com

I wish you all the best.


 This sounds interesting I'm going to look into this myself. I'm looking to house hack. 


 Yes please, I would like to know more about this program as well. Thank you.

Post: Trying to begin househacking.

Felix LillyPosted
  • Posts 27
  • Votes 26

I am looking to invest in real estate for myself. Currently I am 26 and am working in healthcare. I wand to begin creating equity for myself and building my real estate portfolio. I am wondering what my first properties should be for investing in. I work in Portland OR, and would like to find a property to invest in in the greater Portland area. Prices here are quite high, but I am wondering if perhaps I should invest in a one bedroom condo first using a 3% down payment. That way I can start building my equity and possibly find a roommate to help subsidize my mortgage payments. 

But again, the hardest part for me is getting started. That's why I am posting this today so I can find some answers and possibly make some in person connections with other real estate investors. Thank you for reading this posting, and thank you in advance for your time.

Felix Lilly 

Quote from @David Ramirez:

Wholesaling takes time and effort, and finding deals and negotiating can be tough. Networking helps, but it still requires a big investment of time and resources like marketing, prospecting, and building relationships.


 Good advice David. Thank you.