Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Eric Lee

Eric Lee has started 3 posts and replied 6 times.

Post: Investing in the Oregon market

Eric LeePosted
  • Posts 6
  • Votes 3
Quote from @Jay Hinrichs:

Corvallis ???  


I did some work in Corvallis and thought about investing in that area as well...just seems like Eugene would have a more robust market. But I may just need to do some more research into the potential opportunities that Corvallis may provide!

Post: Investing in the Oregon market

Eric LeePosted
  • Posts 6
  • Votes 3
Quote from @Chris Watkins:
Quote from @Chris Watkins:
Quote from @Eric Lee:

Hi all,
I'm looking to acquire my first rental property and am strongly leaning towards a short-term rental while doing a MTR for off-peak seasons. I'm located in the Salem area and while I've looked at properties locally, I just don't think my area has the same draw as Portland or Eugene. I'm starting to look closer in Portland and Eugene and think Eugene might be particularly attractive because of the large university. I would love to learn from and network with those who are already active in this market!


Hi Eric, welcome to BP. I am in Eugene and have one STR here in town and know several others who do as well. I'd be happy to share my experiences and can also say that Mike and Dan both have good insights as well. Shoot me a DM and I'm happy to chat.

Chris


Also, Portland (in the city) has restricted STR licenses to owner-occupied properties, so that won't work if you're living in Salem.


Wow good to know, thanks Chris! 

Post: Investing in the Oregon market

Eric LeePosted
  • Posts 6
  • Votes 3

Thank you guys, looks like there's a great group of people on here that I can network with to get more familiar with investing in the area!

Post: Investing in the Oregon market

Eric LeePosted
  • Posts 6
  • Votes 3

Hi all,
I'm looking to acquire my first rental property and am strongly leaning towards a short-term rental while doing a MTR for off-peak seasons. I'm located in the Salem area and while I've looked at properties locally, I just don't think my area has the same draw as Portland or Eugene. I'm starting to look closer in Portland and Eugene and think Eugene might be particularly attractive because of the large university. I would love to learn from and network with those who are already active in this market!

Post: Salem, Oregon multifamily/STR plan

Eric LeePosted
  • Posts 6
  • Votes 3

Hello all,

I am new to real estate investing but my situation is such that my significant other will have a home up in Vancouver, WA and my part-time job is located in Salem, OR. We are exploring the option of purchasing a multifamily unit or duplex in Salem where we can section of one of units to live in when I have to work in Salem but otherwise rent out the remainder of the unit as short-term. Is this a feasible plan and has anyone in the area done anything like this before?

I'm focused on the STR strategy as I would like to benefit from the tax advantages that it offers but understand it may not work out. Appreciate any insights you guys can offer!

Post: First steps and resources

Eric LeePosted
  • Posts 6
  • Votes 3

Hello all,

I'm 38 and have a stable job that gives me a decent income stream. All my money is currently invested in the market but I'm looking to diversify my investments and ultimately establish a stream of passive cash flow that will allow me to quit my job. It's obvious to me that real estate is the most effective way to do this but I feel like such a newbie and don't know where to start. Are there any must-read book/resources that are necessary for successful real-estate investing?