All Forum Posts by: Zach Beaton

I am in Portland Or. I am looking to invest in more cashflow based market and Portland Oregon does not seem to be that. 

Hello,

I am looking into out of state investment but don't have infinite capital to play with. I have been eyeing Peoria Ill, due to its size vs buy in price. I was wondering if anyone has any connections in this area? I am looking for the following:

- Real estate agent Suggestions.

- Management Company Suggestions.

- Contractor Suggestions.

- Single Family vs Multifamily.

- Local information, such as neighborhoods/ things to watch out for. 

- General Vibe - I.e. am i crazy for thinking this is a good place to invest.

- For owning property out of state in Illinois should i create a business entity, or just personally own it?

I appreciate any time or help. If anyone needs a tip on the Portland Or market - let me know! 

Have a fantastic day!

Team, I appreciate any time y'all will give me.

Let me explain my scenario - Myself and a Business Partner are 30 years old, we have a single 4-plex and a condo currently under our belts in Portland Oregon. For obvious reasons, we are looking to expand our investments beyond Portland Oregon (renters laws, high initial down payments, brutal landlord tenant laws, low cash flow) to a market with a lower get in cost, as well as a market that cashflows. I've been dumping hours into finding the right market to invest in considering we dont have piles of cash and have narrowed it down but am curious on the communities opinion. Ultimately, I'm looking for any tips and tricks for out of state investing or recommendations on a market. Game plan is to buy duplex's (or similar) and have a local property manager run the day to day. I would also be interested in whether or not forming an LLC (or equivalent) is a good idea vs owning the properties personally/ what the pros/ cons are of this approach.

Sorry for the broad stroke of a question - any help/ time is appreciated! Enjoy the long holiday weekend!