New from Portland, Oregon

[Alex Wade]

Hello from Portland.

I have very little experience but am here to learn more, and get ideas from others about how to make money by investing.  I have been a residential mortgage lender for 6 years, and currently have 1 rental, (purchased initially as an owner occ), which is cash flowing about $300/mo.  

I have no immediate plans to quit my day job, and am mostly interested in rental properties at this time, although I'm not convinced Portland is a good place to get into rentals.  Rehabs/flips are intriguing as well, so like i said i'm hear to learn!  Looking forward to interacting with people in my local market and beyond!

Alex

[Mike Nuss]

@Jay Hinrichs I whole heartedly agree. I know Portland like the back of my hand, so I'm here for the long term. Plus, if/when rent control becomes real here......I'll make a million $ on paper over night almost. The best part is communicating with tenant advocates. I state from the get go, that it's in my best interest "wealth wise" to have rent control, but here's why I think it's bad for tenants and the market as a whole. They just do not know how to wrap their brain around that comment. Their belief is that rent control is the magic unicorn that deflates the market everywhere. We both know that's not the case.