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Updated 11 months ago,
Salem, Oregon multifamily/STR plan
Hello all,
I am new to real estate investing but my situation is such that my significant other will have a home up in Vancouver, WA and my part-time job is located in Salem, OR. We are exploring the option of purchasing a multifamily unit or duplex in Salem where we can section of one of units to live in when I have to work in Salem but otherwise rent out the remainder of the unit as short-term. Is this a feasible plan and has anyone in the area done anything like this before?
I'm focused on the STR strategy as I would like to benefit from the tax advantages that it offers but understand it may not work out. Appreciate any insights you guys can offer!