New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
We are homeless
Hello all,
Like many other new members I have filled my free time with lurking on the forums, reading all the suggested reading material and listening to the BP podcasts. At this point I feel I have the knowledge and capital required to start my investment career but after 6 months of looking at property I have yet to make a purchase.
My better half thinks I have analysis paralysis but I think I just haven’t found a great deal yet. I’m hoping some BP members can provide some advice on how I should get started. But first, here is some background about us.
We are from the Bay Area and are currently homeless. Well, I mean to say we don’t have a home of our own. We sold all of our stuff and have been moving around the country for the last year trying to figure out where we want to live. We recently landed in Oregon and are ready to buy. We love Portland but found Eugene has many of the amenities we seek without the Portland price tag.
Our current plan is to make our first investment a “house hack” so we can finally settle down again and get some experience as landlords. We would then buy additional out-of-state MF residential or commercial with the capital we’ve saved.
Considering there aren't any great deals on the MLS and we need a place to live I have a couple options
- 1.Rent a place in Eugene and look for a great deal via yellow letters, networking, “drive for dollars”, etc. The issue with this is I would be locked into a rental lease and would likely have a have penalties if I find my deal within a year.
- 2.Purchase something listed on the MLS expecting that I'm paying market price.
What would you do if you were in my shoes? And if there is anyone here who is in the Eugene area I would be happy to buy you lunch if you wouldn’t mind sharing your knowledge.
Since this is my first post I’ll pick a question from the Famous 4 and tell you what I do for fun. I love riding motorcycles, bicycles and playing music. You can check out one of my music videos here https://www.youtube.com/watch?v=w7w-Z9zEVQA