Good markets in Southern Oregon?

[Tyler D.]

I'm looking at picking up a property in Southern Oregon. Currently looking at Medford, Grants Pass, Reedsport and Klamath Falls.

Medford seems to be pretty weak on cashflow, where Klamath and Reedsport have some good opportunities.

What do you think are the best markets down here? 

[Joshua Myers]

I live in Medford and have a few rentals here, but have only been buying in outlying areas the last few years. I've had good luck in Klamath, Jackson, Josephine, and Douglas counties so far. I think that long term all these areas will do well, but year to year, who knows? If you have a lot of money, Medford is a pretty safe bet, which is why the returns are lower. If you don't have a lot of money, (my situation), I'd recommend picking up value add deals within an hour or two drive, that will cash flow well after being rehabbed. You'll have to spend a lot of weekends working to revamp them, but there is a lot of demand once completed. My Wife and I got pretty good deals in areas we were not real familiar with, and worried that we might have a difficult time renting them out. Every time (crossing my fingers), we have been surprised by the strong demand and large number of applicants. Southern Oregon is a nice place to live, and will likely continue growing over time. I've yet to get a property on the southern Oregon coast, but suspect that over the next decade or two, they will do very well. None of my opinions are based on rigorous analysis, or statistics, but on my personal experience, which is very limited. So take all this with a grain of salt. Good luck out there!