Beyond Portland: Looking for Deals Outside the Metro

[JP Crowe]

Hi there,

I'm a young and hungry investor on the hunt for deals. But I live in Portland, OR so that means contending with high prices and fierce competition. 

I'm wondering if there are people out there in a similar position, and what areas outside the metro area they are focused on? 

I have my eye on Salem, which seems to offer a lower barrier to entry (price-wise) and, considering it's where the state government is run, provides for a stable demand for housing.

But are there other pockets (say, within 3 hours from Portland) that are worth looking at?

Thanks! 

[Cody Cox]

I had to go a completely different route, partly because of what you describe above, but mainly because I have a full-time day job that restricted actively marketing for real estate. I chose to invest in non-performing promissory notes secured by real estate in various targeted spots across the country. This is a b2b business that allows me to hold my full time job and invest nationally, with the only requirement of having a quality internet access. Plus, I can purchase assets at better pricing than real estate, and there is plenty of assets.