OC Property Manager Saving to Become Owner

[Bryan Robinson]

Hi all,

My name is Bryan, I'm a property manager of 212 rental units in sunny Southern California. I'm looking to buy my first investment property using savings and conventional loans. I have over two years experience in the real estate business ranging from leasing, finance, marketing, and maintenance. I've always wanted to own my own property before I'm thirty and would love to hear some tips and tricks from others who made their first purchase before the big 3-0! My target markets are Bend, Oregon or Portland, Oregon (my home town). Any information would be greatly appreciated and I look forward to interacting more with all of you on the forums. Bye for now!

Bryan Robinson

[Eric Bilderback]

Bryan,

Whats up a fellow Oregon boy!  Bend has really blown up.  It is a lot like what people describing California as.  A good deal would be a 6 cap.  I have seen some good deals for cashflow a little outside of Bend.  I don't know how much research you had done but the are going to expand Oregon State Univ. to the Westside of Bend.  That is going to make property values go even more buzzerk.  My 2 cents would be to go ahead and take the lower cap rate in exchange for owning on the westside.  It should pay out big time.  This of coarse is if you are going to buy in Bend.