Cash Flow in Oregon? - Albany, Lebanon, Corvallis

[Chris P.]

After years of being on the sideline, finally taking the plunge into real estate investing. Prices here in Oregon just don’t seem to support real estate investing in my area of Albany, Lebanon, Corvallis. I have hesitation with out-of-state investing, and I would like  be hands on with my rentals as well as not use a property manager. I know Oregon has its issues with being a very tenant friendly state, but people are making it work. How are people investing here and making cash flow? I get you can make anything cash flow if you start with a big enough down payment. Would appreciate any and all suggestions and guidance!

Thanks

[Dan Gandee]

I've got a few mill in rental properties that I've BRRRR'd here in a Oregon, but most of acquisitions have been creative deal structure or joint ventures when we need to raise capital to get to a 50% LTV for maximized cash flow. My suggestion with you would be to raise capital or focus on marketing for off market deals (yes, I'm a broker telling you not to buy from me). The majority of our acquisitions are coming from my marketing machine I built. It's not that these properties don't cash flow, they just don't cash flow at traditional LTV entry levels. But appreciation and value add play has made us a killing. Most of the investors I know that complain about cash flow only flip 1-2 properties per year or own like 4 doors. All good insights but you need to be getting your advice from someone that has scaled to multiple states from ZERO. My mentor taught me this a long time ago. Learn creative finance - build the portfolio brick by brick, door by door. Don't stop until you hit your target gross income goal (think retirement and replace your 9-5 job). Happy to jump on a call and get better acquainted to share my two cents. Send me a message!