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Updated about 11 years ago on . Most recent reply

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Neal Collins
  • Developer
  • Portland, OR
490
Votes |
732
Posts

Introduction and general inquiry on REI in Oregon

Neal Collins
  • Developer
  • Portland, OR
Posted

Hello BiggerPockets members!

After religiously listening to the podcasts I finally took the quick tip advice and wanted to introduce myself on the forum.

I'm looking to make a move to Portland, OR in the next month or two (or somewhere in North/Central Oregon) in search of a nice quality of life. It seems like the Portland market is pretty hot right now, however, it seems like the mass migration to the area doesn't seem to be slowing down. Does anyone have any experience in this market or other places in Oregon? At first glance it looks like activity is starting to shift to the outskirts of Portland and prices have already gone through the roof.

I'm looking for some MFHs that I can cashflow and potentially live in. I'm not adverse to fixer-uppers and would be interested to networking with some wholesalers in the area.

Looking forward to getting more familiar with the forums and all of you. Thanks in advance for advice you can give!

Most Popular Reply

User Stats

732
Posts
490
Votes
Neal Collins
  • Developer
  • Portland, OR
490
Votes |
732
Posts
Neal Collins
  • Developer
  • Portland, OR
Replied

Thanks for the tip @Jessica S.It makes me wonder where the namesake of Boring comes from.

@Genna Golden , I'm definitely open to living in one for a year. Do you know if this applicable to only one year? Can this be repeated multiple times and still receive the same kind of financing?

What is really attractive to me is the possibility of using a MFH as my residence for a year, renting out the other unit(s), and generating some revenue from my unit when I am out of town (may be on the road a good bit this next year). I saw that Portland recently became a "Shared City" with Airbnb, and it seems like a nice way to utilize the space.

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