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Updated about 9 years ago on . Most recent reply

Marcia Maynard's profile image
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Marcia Maynard
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  • from Vancouver, WA
  • Member since Nov 20, 2013
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Marcia Maynard's profile image
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Marcia Maynard
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  • from Vancouver, WA
  • Member since Nov 20, 2013
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Marcia Maynard
  • Investor
  • Vancouver, WA
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General Real Estate Investing

Portland/Vancouver Metro Market - Yikes!

Marcia Maynard
  • Investor
  • Vancouver, WA
Posted

Housing stock in low in our area. Want a fixer-upper? Saw this beauty currently offered for a mere $120,000.... yikes! No, the land is not a view lot. 5644 SE Flavel Drive. 3BR- 3024 sq ft.

Here is the YouTube video of it on fire in 2013!

https://www.youtube.com/watch?v=x1qGnSix3ZU

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Michael Allen's profile image
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Michael Allen
  • from Vancouver, Washington
  • Member since Nov 19, 2014
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Michael Allen
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  • Vancouver, WA
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Michael Allen
  • Vancouver, WA
Replied

It's safe to say that in spite of the rent increases, it's still not an easy market to buy for cash flow. When a 4-plex goes for $900k and rents total about $4500 a month, there isn't much room left after mortgage, taxes, maintenance, property management, etc. 

Does anyone have any thoughts on getting a better cash flow in the Portland market or surrounding? 

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