All Forum Posts by: Chris P.

I really appreciate the breakdown of all the financials. It gave me some good perspective, Inspiring! Seems like a great way to get into STR.

@Chris Watkins Thanks, Chris. I will definitely keep you in mind.

@Lawrence Potts thank you! I would really like to chat with you about your experience with house hacking in Albany and Lebanon since my wife and I are really considering this route if we could find something that will work for us. Sending you a message. Thanks!

 @Dan Gandee thanks for your insight and motivation! I came across your YouTube videos and have watched quite a few of them, now. I have a new optimism in investing in my local area. Would love to hear your two cents. Will send a message your way. Thanks!

@Lawrence Potts I’m hoping to attend the next meeting if my work schedule allows. I got rid of Facebook years ago. I’ll see if my wife could join the group. Thanks!

@Tanner Lewis Thanks for the reply, seems like driving for dollars or connecting with a wholesaler would be my best bet to find a property to brrrr.

@Chris Watkins thanks for the insights and suggestions, Chris (great name by the way!). I realized really quickly while browsing the likes of Zillow that there aren’t simple turnkey 20-25% down properties and will need to be creative with a solution. My wife and I are considering multifamily house hacking but seems like inventory is very slim around my area and retail prices still don’t make sense for cash flow. We have small children so I think the benefits would really need to outweigh the negatives to make a move like this. We would plan to keep our current home and rent it out as well if we did this.
I appreciate your insight on the tenant-landlord relationship, makes sense to target a better quality neighborhood to hopefully prevent some of those issues.

@Mike Grudzien Thank you! Looking at local groups, it looks like we have one that meets very close to me in Corvallis. Eugene is a bit of a drive, but I’m sure the insight gained would be well worth it. Would likely start more locally and venture out from there. I appreciate the recommendations!

After years of being on the sideline, finally taking the plunge into real estate investing. Prices here in Oregon just don’t seem to support real estate investing in my area of Albany, Lebanon, Corvallis. I have hesitation with out-of-state investing, and I would like  be hands on with my rentals as well as not use a property manager. I know Oregon has its issues with being a very tenant friendly state, but people are making it work. How are people investing here and making cash flow? I get you can make anything cash flow if you start with a big enough down payment. Would appreciate any and all suggestions and guidance!

Thanks

Hi!
In its current state, $1.2 million property that’s in my family. This property will be gifted to me and my wife. Located in San Diego, CA. The house that sits on it, is pretty much a small shack, the houses around it with same lot size have all been rebuilt and are in 2-3 million range.

New to investing and I have a single rental property currently, looking to obtain more (with a goal of owning 10 in the next 5 years) Can inheritance property be leveraged in a way to achieve this or more?

I obviously need to build a house on it to bring the value up to its potential (I don’t even know where to start with something like this) Then sell it? I feel like this is a property I should keep in the family given its location. Rebuild a house and rent it out? Use leverage to purchase rentals (I don’t know how the details of this would work?

Thanks!