All Forum Posts by: Chris Watkins

Hi Shelia,

Yes, the coast markets are pretty fragmented when it comes to regulation.

Best options for STR (in order):

Lincoln City
Manzanita
Florence
Rockaway
Seaside

If you need local expertise, @Taj Richardson lives and breathes coastal vacation and investment real estate. I can help with financing if you'd like good options there, too.

Best of luck in your search!

Chris

Shoot me a DM and I'm happy to share what I know.

Hi Sandy, welcome to BP! I am in Eugene and am a part of the REIA group here. The main monthly meeting is this Tuesday (Nov 12). Send me a DM and I'll send you the details!

Chris

I've rented a SFH to students at PNWU for 10 years. It's been great. That might be a market worth targeting. Not many condos/townhouses in the area, so SFH/Duplex might be the move.

Robert,

Welcome to BP! Lots of Portland-area folks on here, so you should be able to get great advice if you ask specific questions. Value-add strategies like BRRRR can work well in any market provided that you buy low enough (the challenge for all of us). Happy to send recommendations if that would be helpful! DM me if you want to talk more.

Chris

Hi Chris!

I can recommend @Zach Smith at Cetan Funds for hard money and @Melissa Hartvigsen on the agent side (she has a lot of Beaverton experience). Sounds like you've got a good buy box and plan, executing is the hard part! Best of luck and let us know how we can help.

Chris

Maria,

Welcome to BP! I used to live in Yakima and still own a rental in the area. Happy to share my BRRRR experiences, financing advice, etc..

Chris

Daniel,

Welcome to the forums!

I would recommend thinking through the STR vs LTR strategy before looking at specific properties. Buying an STR makes sense in different areas than LTR, and it also has different ramifications for financing. For agents, I would connect with @Melissa Hartvigsen as she is an investor herself (LTR/MTR) and works with investors in the greater Portland area. I'm happy to give financing insight and help with loans, but will leave the geographic input to the local experts.

Cheers,

Chris

Hi Ginger, welcome to the forums! Before you dive into listings and showings you need to make sure that you are pre-approved for financing. There are more nuances to investor loans than for primary residences. I'm happy to help with that, feel free to DM to connect.

Will this be a primary house-hack where you live in one unit? Or a pure rental property?

Chris

Hey Rajshekar,

I'm happy to chat about loan options for your manufactured home post-rehab. Is this for your primary or as an investment property?

Feel free to shoot me a DM and I can get you the info you need.

Chris