All Forum Posts by: Natalie Lopez

I know a couple people including myself that invest while in active duty military service. Its very doable as long as you put in the time & effort. 

Also depending on where you are, check out what your state or city has to offer for LE or Military members, sometimes there are some really great programs that can help jump start your investing journey. Like for example here in Oregon they just finished a Lift Program which was offering free 22.5K to be used on a downpayment for a home specifically for Military & LE.  

Best of luck & thank you for your service! 

Great conversation here, glad I found this thread. I'm currently in the search for a property/ piece of land in Rincon for local business and with airbnb potential, if anybody knows of anything I'd love to connect. 

After reading this thread,  I believe a lot of you have really great points on the logistics of the type of client you will host in the Rincon area. But a point I would like to bring up is that we must also consider local tourist as clients. I do agree there's more cash flow in marketing to foreign tourist but they shouldn't be the only source. For those of you not familiar with the island, a lot of PR locals love to rent out vacation rentals in the island & they are also willing to pay the asking price. 

My parents currently have a Condo in Loiza and for $200 a night and the majority of their customers are local residents and its booked out for the entire year. The point that Im trying to make with this is that there's always an opportunity it just depends on how you look at it. The local politics may be a deterrence for a lot of people but I just see it as a speed bump. 

Hi Susan, 

I found this article helpful, if you scroll down to the bottom under the Rent Control section on question # 3; it indicates that the rent control is only applicable to the rent & not utilities. 

https://www.multifamilynw.org/news/legislative-update-for-oregon-landlords--passing-of-senate-bill-608

Hope this helps! 

You should also check out the Northwest REIA Meetings, they hold several of them monthly throughout the area.

https://www.northwestreia.com/

There next main meeting is Jan 9, 2020 @ 6pm. 

Hope to see you there :)

Sorry you had to go through that! Wish you best moving forward.  Thankfully you caught that on time! 

Great story you shared! I just did the same thing recently in Gresham, but Im actually doing a house hacking as well. So Im currently living in the bottom unit while I'm in the process of converting into a permitted Duplex. I'd love to hear more about your permitting experience :) 

Nothing is terrible from your experience & its definitely brought you a ton of learning lessons! Glad you are pushing forward & wish you best on your future endeavours! 

The answer really depends on your intention with the home, like for example if you plan to live on it there are loan programs that will consider the rental potential of the other units, particularly the FHA 3.5%. I think what you are doing now is great, getting as much information you can with different lenders will definitely educate you to make the right decision.

If you need any recommendations on local lenders that are very

knowledgeable on the matter feel free to PM and I'll gladly help :) 

Wish you best on this adventure & hopefully you find a home soon. 

Investment Info:

Small multi-family (2-4 units) other investment in Gresham.

Purchase price: $425,000
Cash invested: $1

Single family home 5bd 2.5 ba converted in multifamily duplex. Currently house-hacking & living mortgage free.