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Updated almost 5 years ago on . Most recent reply
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First investment property
Hi everyone! I’m still in the research phase of my investing journey and would love some advice. I’m currently living in San Francisco and looking to invest in the greater Portland (Oregon) area (where I grew up). Any first timer advice for finding deals, investing from afar, or about Portland specifically?
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@Keith Kellermeyer Thanks for the welcome and book recommendations, I'll check them out!
@Jeff S. Thanks for the response! I have a good amount to start with, couple hundred thousand. I would be open to other markets but it does make me nervous investing somewhere I'm not familiar with. I'm not dead set on Portland, but I would need to do a significant amount of research if I'm to invest elsewhere. Deal scarcity doesn't excite me haha. What are some of the regulations you're not happy with?
@Jonathan Greene I appreciate the response & advice! I was thinking Beaverton/Hillsboro area west of Portland. You've got Nike & a few Intel campuses, and a fair amount of recent growth in Beaverton specifically. I still have family/friends out there and while I haven't explored it explicitly with them, I'm fairly confident I'd be able to leverage my connections on the property management side. I was originally thinking single-family homes to start, but condos could be enticing (there are also a fair amount of them popping up in Beaverton). My thought was single-family homes would be easier to manage starting out, but I realize that might not be true. As a first-timer, do you think a multi-family unit would be a tougher start?