New to Investing looking into Oregon Markets

[Kelii K.]

Hi Everyone! Completely new to real estate investing, and just wanted dive in and hopefully begin learning from everyone’s experience. Any advice or suggestions on my goals below would be taken to heart.

I’ve been interested in real estate for a while as a way to plan for the future, and I’ve been able to take advantage of these slower months to begin learning and get a clearer picture of my goals
I currently have a good job that I enjoy, but the industry I’m in is constantly changing, and you never know for sure where it's headed in the next few years. I’d like to begin investing as a way to insure me and my family will be ok regardless of what comes up, as well as planning for retirement.

I'd like to BRRRR single family and maybe small multi-family properties. I'm not apposed to flipping if the numbers worked, but I feel I can get more long term value by renting. Because I'm happy with my current work, I'm not really looking to get out of my job and am more concentrated on future planning. Immediate higher cash flow isn't my main concern (of course I wouldn't turn it down), but I'm ok with my main focus being on equity and building cashflow as rents increase.

I currently live in New York, but the easiest market for me to build a team I can trust would be the Portland, Oregon area. I have family and friends with skills and connections that would make getting started much smoother, and we are there throughout the year. I am open to out of state markets or investing near where I currently live, but if there were no difference I would choose Oregon.

Would love to hear from any pacific northwesters on how they’ve been investing in the area. I understand the Portland metro areas might be difficult for what I’d like to do, but how about going further away from the city? Maybe an hour in any direction? I’ll also have a look through and post in the local forums, but figured I’d start here.

Thanks!

[Brad Hammond]

Hi @Kelii K., I am a real estate agent and investor in Portland.  If you have connections here, I think this is where you should focus.  I would recommend looking outside the city of Portland into Beaverton, Tigard, Tualatin, Newberg areas for a variety of reasons.  

Where you begin will depend on how much money you have to start with. In order to make money in the area, you will need to find a property to fix up (BRRRR) and that could be single-family but you will get better returns from multi-family. DM me your specific questions and I would be happy to help.