Brrrrrrrrrr strategy in CRE Vancouver, WA

[Paige Kelsey]

Each week I go to Investor meet ups and I am shocked.! People are sooo desperate to make deals work in Portland are flooding into Vancouver trying to make the numbers work here. Don't get me wrong, I see why. Prices are through the roof in Portland. Vancouver on the other hand is just now building on the waterfront and is throwing in 1.5 Billion dollars to do so. As a commercial broker though, I wonder.............. What are people doing still hanging out in residential? 

2 thoughts........

BRRRRR of Commercial Real Estate-

How would you do this?  You could get a small business loan which would get you a loan of 90% loan to value. It would require that you owner occupy 51% of the building  but the other 49% lease it out and pay the payments with the proceeds.

Option 2- Two of my flips- I bought old homes that were zoned commercial- got residential loans on them, I MOVED in, fixed them into offices and one to a vacation rental and later flipped. We can't keep small office space on the market.

There are soo many older properties and possibilities just ten minutes from Portland, why AREN'T  more people trying to go commercial rather than just beating their heads against a rock on equity plays in Portland. Love to hear your thoughts        

[Uwe G.]

Hi @Paige Kelsey,

You are spot on but missed one thing.  All the Vancouver residential investors left Vancouver and now are up in Cowlitz County flipping in Longview and Kelso.

I would love to get your help on the commercial side.  We are looking for new office space and my business partners want to buy a commercial property instead of leasing.  If this is your specialty I am all ears...would love to meet up for coffee to discuss.