All Forum Posts by: Jordan Paz

@Brad Hammond I just signed up, seeya tonight!

@Brad Hammond thanks for the info! Yeah I'm realizing now that cashflowing in Portland with a house-hack is out of the question. Do you think it's possible to find a duplex/triplex in Portland that would cashflow once all units are rented? We would be ok with negative cash flow while we're living in it as long as it would cashflow once we move out and rent all the units. 

@Jacob Fitzgerald Thank you so much for the reply! We've never been, but NWA looks really great.

I do have a quick question about this:

Could you elaborate as to why it would be less difficult to get a duplex because we'd be house-hacking?

@Jonathan Stone Yeah great points. We would also be ok with simply offsetting our housing costs for now as long as it's by a significant amount. If we did a place like Portland, we would plan on doing STR but make sure it also makes sense as a long-term rental.

@Evan Polaski Thanks for the info!

Yes, this is exactly what we're looking for. We would be ok with negative cashflow while we're living there, as long as we love the area and the property would cashflow once all units are rented. If we could house-hack a duplex in Portland that has negative cashflow of $800, that's still WAY better than paying $1500 to rent the same place

Also, great point about narrowing down our list. That's the only downside of getting to live anywhere: SO MANY OPTIONS!

Thanks for the info @Stefan De Jong! How competitive is the market? Here in Bend it's common to see dozens of offers sometimes $50k+ over asking price, from what I've heard. 

👋Hello BiggerPockets family! My name is Jordan and I'm a newbie real estate investor. We haven't done a single deal, but after consuming countless hours of BP content and way too many books, we've decided that this is the year that we take the plunge and actually get our skin in the game! My girlfriend and I live in beautiful Bend, OR. We LOVE it here, but the market is insane. As far as I know, cashflowing, small multifamily real estate is nonexistent, so we've decided to invest out of state. I'm a software engineer at a tech startup, working 100% remote so we have the amazing luxury of living anywhere we want. The plan is to house-hack a duplex/triplex/fourplex and live for free or even cashflow a little bit. We've been researching areas all over the U.S. and have narrowed our list down to these places for our house-hack:

• Northwest Arkansas (our favorite)
• San Antonio, TX
• Austin, TX
• Portland, OR
• Sacramento, CA

We are both in our mid 20's, very sociable, and love the outdoors. We refuse to live somewhere horrible for the sake of more cash flow. For this reason, we think Northwest Arkansas – Fayetteville, Bentonville, Springdale – looks the most promising. We'd love to connect with people in the area to build out our network and get to know the region better.