All Forum Posts by: Uwe G.

@Account Closed.  I work within Property Management in Clark County and we are seeing incredible demand for single family rentals near downtown Vancouver.  As Clark County continues to boom remember that traffic will become an issue overtime for those that are commuting to working locations.  I would try and focus on locations that give the renter an option of working in Portland (and fast access to PDX) as more cars get on the road over the next 10 years.  I like close in off of I5 and close in off the 14 as the seedy neighborhoods are turning quickly on the east side of I5.  I personally would stay away from the congestion of the east side of town.  If you go further east to Camas, the jobs are great and so are the schools but the property taxes are high.  Bottomline do the math and if you need someone to work with your realtor to calculate cap rates to make sure the investment makes sense now let me know.  Looks us up...Personal Property Management in Vancouver WA and ask for Uwe.

@Andrew Yozamp I attend a local real estate investment meetup in Vancouver, WA and there is one contractor that specializes in cleanups like yours.  The name is ServPro.  I think they work well with the insurance claim as well.  Look them up.

@Bryan Phapmixay Welcome to REI! I am local to Vancouver, WA and work within property management of single family homes all over Clark County. If you ever want to meet up in person PM me and I can share with you the info I have.

@BJ Ralphs

The REVIN group meets on Tuesdays at 12:00 PM (every other Tuesday) at Gobi Mongolian Grill at 14387 SE Mill Plain Blvd, Vancouver, WA 98684

Hope to see you there!

Hi @Daniel Vasilyuk,

Congrats on starting so young...I sure wish I would have done that. To keep things simple my advice would be to buy a SFH and house hack by renting some rooms to your friends. You will have a lot more options on where to buy and it should be easier to find something in a better location vs searching for a multi-family (most likely in a bad area). Best of luck and if you need advice on Vancouver, WA let me know I am here to help.

@Wendy McIntire I would run that straight line math on the cap rate of the property and include property management and appropriate maintenance / vacancy into that. If the cap rate is 1%-2% higher then your fixed debt then I think it should be a fairly attractive investment. Regarding multi-family I would say I am more bearish vs SFH because there is just so much multi-family supply coming online that is putting pressure and will continue to put pressure on rents. Also, someone that is looking to rent a SFH is a completely different renter then someone in a multi-family unit.

Finally, take a look at Vancouver, WA as you stated.  If you goal is to retire then I think it would be wise to pick the suburb of Portland that has no income taxes.

These are just my opinions but hope it helps.

@Adam Q Berry-Huff,

My two cents would be to focus on the spread you are making between your current debt service and your current cap rate.  If you can reinvest that in something that creates more cash-flow at a equal or greater interest rate spread (with appreciation potential) then that would be compelling.  I agree with the 1031 exchange approach if you are wanting to stay in real estate.

Regarding the pending crash...I am not sure if there will be a crash but I am expecting a slow down if rates rise 2-3 times this year and then 3 more times in 2019.  I feel that is a guarantee for a slowdown if that all happens.  Morale of the story is invest for cash-flow first in a market that has potential to appreciate.

Hi @Neal Collins or @Paige Kelsey,

Is using a company like Vacasa or TurnkeyVR too costly?  Also, I was researching vacation rentals and was curious from people with experience what their yearly net return is about from a % basis.  So if you have a 400K property how much net cash at the end of the year did you generate.  Thinking along the same lines as a cap rate.

My other question would be how does the bank view this from the ability to qualify for additional loans using the income?  Typically the banks I have used want to see 12 month leases so I am just curious on the impacts if any.  Since I am not a flipper I spend most of my time finding something at market price / slightly below but super cheap financing.

Hi @Matthew McNeil, 

That is pretty good on the cap rates.  I am targeting 6% or more for the cap rate on SFRs and it isn't easy (but stuff is out there).  I target Vancouver, WA because of the realtor and property management connections and I really know the rental market well.  Vancouver, WA reminds me of Bellevue, WA in 1999 and I think I am going to focus and build more scale locally as I am only looking to grow by 1 or 2 properties a year given this market.  BUT, I know that I will need to expand to other areas eventually and keep an eye out.

I am interested in your thesis of long-term potential...what are you seeing as the main drivers?  I tend to focus on 4 main criteria:  Job growth, great healthcare, within 30 minutes to an International Airport (or one that has Southwest Airlines), and low taxes