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Updated over 6 years ago, 07/04/2018

User Stats

14
Posts
4
Votes
Cameron Rouse
  • Investor
  • Portland, OR
4
Votes |
14
Posts

Investing in Portland Metro Area Rentals

Cameron Rouse
  • Investor
  • Portland, OR
Posted

Attention Portland, OR investors; If you were investing in a rental property in the Portland metro area, what area of town or outskirts would you invest in if you had a 150K-300k range?

I'm 28 years old and purchased my first home 3 years ago in a good SW Portland area, rehabbed & rented it, and now have a home producing $500/month cash flow with 150K in equity in it.

I just purchased a residential home near downtown PDX by OHSU on Marquam Hill that I plan to rent out in a year. While it is in a great area, I don't think I will have positive cash flow on it. I'm thinking I may have made a mistake on this decision... I'm hoping that since I have a long term buy n hold strategy that it will work out.

While I would love to purchase more rental properties in SW Portland, I'm thinking I should look to invest outside of Portland since it seems rather hard to find cash flowing properties now.

Any advice or experience you would like to share would be appreciated. Thanks

User Stats

1,545
Posts
1,286
Votes
Steve B.
  • Engineer
  • Portland, OR
1,286
Votes |
1,545
Posts
Steve B.
  • Engineer
  • Portland, OR
Replied

see previous posts

User Stats

2
Posts
0
Votes
Elisha Alcantara
  • Residential Real Estate Broker
  • Portland, OR
0
Votes |
2
Posts
Elisha Alcantara
  • Residential Real Estate Broker
  • Portland, OR
Replied

Hi, Justin,

It is a competitive market, but you can still make money. Just depends on where you're looking and what you're looking at. I work with several investors and I'm an investor and we are all staying in it. Are you looking for a buy and hold? You just need something off market, if you are.  

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Account Closed
  • Investor
  • Portland, OR
115
Votes |
182
Posts
Account Closed
  • Investor
  • Portland, OR
Replied

Why not sell on a contract sell? Call up brokers for dead leads and get a 20% cash down buyer 😎