Looking for Oregon Coast Investors Wholesalers Etc

[Brian Kloft]

Hello, I am an investor. One of the areas that I invest in is the Oregon Coast. I currently have properties in the Lincoln City area and the Tillamook area. I am still looking for other properties along the coast and am looking at other coastal cities as well, such as North Bend/Coos Bay, Bandon, etc. I would like to connect with others that have properties or are doing deals on the coast. In the location options for the forum they only have inland larger cities listed so I selected Salem so that at least an Oregon city was there. 

[Brian Kloft]

Quote from @Chris Watkins:

Hi Brian, welcome to the forums. AJ and @Taj Richardson are the Oregon Coast experts on here for investment properties. I don't have any properties on the coast (yet) but I'm always looking. There are some wholesale deals that pop up every now and then. Are you looking STR only, or LTR too? What's your buy box?

Hi Chris and AJ, and thanks. Currently I have a 5plex in Bay City (right next to Tillamook), a 3 unit in Lincoln City as well as a duplex in Lincoln City. I also have both residential and office properties in Phoenix, AZ. My background is as a property manager, for both myself and others. All of my properties are long term rentals. We are looking for multi tenant properties and are open to the number of units from 2 to 15 or potentially more but the best target is 3-10units. It really comes down to the right deal for us. I like ugly properties where I can fix them up very nice and get higher market rents. I am also open to a small multi tenant retail or office building as I have those down here in Phoenix. The key thing is we want them in the coastal cities. We almost bought something in Toledo but that would be as far inland as we would consider. We are also looking to expand further south down into Coos Bay/North Bend as with the expansion of the port I think that they will have some extra upside over the next 10 years plus. We will also be looking for a special property that doesn't fit our typical mold but it will be for us to use part of the year and the rest of the time rented out as a mid term rental, with a target area of Lincoln City and Depoe Bay.