How would you start if you were me?

[Daniel Jodrey]

Hello BP!

Hoping to get opinions from the community on how they would enter the market and start investing if they were in my shoes:

I have been saving and learning on BP for years, hoping to take my leap into real estate investing. Once COVID hit I waited and was thinking the market would become favorable and I would jump in. That didn’t happen and I’ve been waiting and watching since. I still don’t feel good about buying now with so much uncertainty and high interest rates, however I am at a point where I feel like I need to jump in. I have a lot of free time currently and can dedicate a lot of my time towards real estate.

I have saved around $200k and have family member/partner with roughly $100k. We are looking to partner 50/50, at least in the beginning - so starting with about $300k. I have vast experience in Hospitality and hoping to at some point acquire STR/MTR and apply those skills and knowledge . I am most focused on finding multi family. I'm living rent free currently with family and am ok to do so for foreseeable future.

I am wanting to acquire as much property that is smart for me to do so, with the capital I have on hand. I live in Vancouver WA/ Clark County area and am looking to buy in this area as well as including Portland, Beaverton, Gresham, Ridgefield, Battleground, Longview, Camas and overall surrounding areas. Also interested in Coastal such as Seaside, Rockaway, Canon Beach.

Curious your thoughts on best ways to enter this market and how best to utilize my current saved capital. Also any investors in this area would love to meet and learn from you. Appreciate those I have connected with on BP thus far and your help.