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Updated about 10 years ago,
Jumping right in :)
Hello Everyone,
I'm a relatively new investor and ready for my next deal. After reading through various forums, I find myself very excited about the prospects of engaging with like minded individuals. I made my first deal a couple years back (2012) in what may have been one of the best times to buy...and it certainly meets the 1% rule. With solid equity in place, a relatively strong cash flow position, and cash in hand, I'm ready for more.
My only dilemna is my first purchase is hard to replicate. The bay area market is obviously not a great place to cash flow in my budget range and now I'm seriously considering going out of state. I fell in love with Portland on a recent trip and see great potential for the future. Portland also kind of reminds of San Francisco before it went crazy in the last two decades...
There are two driving forces for my desire to leave the state of California for my next investment.
Primarily, and I'm hoping I can hear your feedback on this, the weather. As the earth continues to warm, I am anticipating that the drought in California will not be getting any better. Born and raised in San Francisco, we used to have real winters! I'm afraid that these conditions will not get better and all the Southwestern States will have to come to terms with the reality that they are unsustainable and eventually pack up and leave. My guess is they will have an exodus to the Pacific Northwest. I'm not sure when that will happen but Portland seems like a happy medium for me. I'd love to hear your comments.
Second, I see huge room for growth. I've been reading up on the Hillsboro area. If anyone has feedback on this area and the future prospects I would love to pick your brain.
Sorry for my long winded introduction. I'm hoping to connect. Let's talk!
Rami