All Forum Posts by: Kyler Pace

Thanks for the responses everyone!  I can tell there are a lot of great people here. 

@Joe Hernandez, thanks for the HELOC idea. I hadn't thought of the fact you could get an interest only payment.

@Steve B. I appreciate the insight on multi-plex dwellings in Portland. I currently rent out one bedroom in my house currently. I used to have a second tenant which almost had my mortgage payment covered. The only problem....roomates! They can be annoying :)  Again, thanks for passing along the ideas. 

@Lisa Thoele I think I've seen properties of yours for sale around town, correct?  A colleague of mine is trying to buy in Sherwood right now and having a tough time!  In fact, I just got a letter from a realtor today saying she had a buyer interested in viewing my home if I'm interested in selling. It's crazy!!

Again, thanks for the posts everyone. I'm looking forward to learning more!

Hi Everyone!

I'm new to BP and hoping to start investing in real estate sometime in the near future in the Portland, Oregon area.  I have a short term, one year, financial goal that I'm working on, and after that hoping to start investing.  In the meantime I'm looking to learn as much as I can before jumping in.

Small, multi-unit dwellings, specifically 4-plexes, have been an interest of mine.  They seem to come on the market fairly often in my area and when I run quick numbers they seem to pencil out well for cash flow.  However, the down payment is what would hold me back from purchasing.  

One option, would be selling my current house to use the equity to purchase a 4-plex as owner occupied.  Not my ideal situation since I'm quite happy where I'm at, but it would be a way to get started.  I could probably have a small cash flow right away renting out 3 of the units, live in it a year, and then rent the 4th unit as well.  At that point, maybe purchase another unit?  Any thoughts on that idea?  Has anyone used that as a strategy before?