Portland vs Detroit

[Chris Wilburn]

Hi Everyone,

Hoping to get some thoughts on getting started in Portland,Oregon vs. Detroit,Michigan.

I’ll be moving to one of these locations soon for a new full time gig. I’m thinking holistically about the move, and how I can get started in real estate in either market.

Ideally, want to start with a house hack with 4-5 units, get a feel for landlording, and eventually grow. But of course, different markets different opportunities.

Anyone have thoughts on pros and cons for either market?

I'll be putting down less than 20% in a typical situation I'd guess (maybe even FHA), but maybe I'll be able to get to 20% with how the Detroit market currently is.

Portland is looking expensive, with much less 4-5 units options. Maybe smarter to look for duplex options??

Any thoughts would be helpful!

Thanks,