All Forum Posts by: Kayla Carson

@Brett Chandler 

@Brett Chandler Yes I will be keeping my current home in Hillsboro to rent out. I will probably get $300 cash flow on that monthly. I am down to house hack, but when I decide to move out of that house, it seems to me like renting out both portions of the house will barely cover the mortgage. Maybe I am missing something... It seems to me like the price point for finding a multi-unit or a house with a basement apartment or ADU is in the $600's which leaves little room to cash flow. I don't want to get discouraged from investing in an area that I love, but I am not seeing the upside yet? The equity portion is nice, but doesn't allow me to scale quickly ya know?

@alex mora thansk for the reply! Yeah I'd like to see exactly what you mean. I'm considering cash flow as anything I get after all expenses. Currently most of the deals I'm finding listed publicly are not doing that. Ex: found a house with a converted basement apartment. If I house hack that, obviously my mortgage will be off set,  but not eliminated. If I moved out and rented both. I'd barely be breaking even on the mortgage payment. 

Hello investors! I am trying to figure out how those of you investing in high priced markets are able to get into properties that are able to cashflow? 

The current obstacle I am running into is that if I finance a deal, even with a great interest rate and no mortgage insurance, I am not cash flowing. Finding tri-plex and quad-plex in this area that aren't $850k+ is rare and financing that amount would probably leave little room for cashflow anyway. I've been focusing on properties with basement apartments that would offset my mortgage (if I live there) or properties that could use cosmetic updates in great areas. 

I am new to the game. So far I only have my house that I purchased in 2018. Once I get some renos done on that I will have some more capitol... but I just can't figure out how to get going in my market. 

I am in Portland OR for reference.

Thanks all!

Hello Investors! I am just starting out and need some advice on what my next step should be. 

background: I bought my first house in 2018 near Portland OR. It was a terrible buy as it's a 40's concrete house, 700sqft, and IMO rehabbing a concrete house isn't worth it due to poor insulation among other things.

I have around $60k saved and am frozen on if I should pull the trigger on a deal in OR where prices are super high and use financing to rehab a buy and hold rental, or go out of state where I can buy something for cash and rehab that for a buy and hold rental. 

I'm great at networking and making calls but I just don't know where to start! 

Jonathan, thank you so much. I appreciate the honest feedback!

I'm curious how others have gone about finding and choosing a mentor? Would you recommend someone you can meet with in person? Have virtual mentorships gone well for you? 

Thanks for the suggestions!

Thank you everyone for the welcome and great advice! Feeling even more excited!

Hello all! My name is Kayla Carson and I'm coming to you from the PNW! I bought my first house 2 years ago and am looking to build my portfolio and have a fully operational real estate business within the next 5 years. I can easily identify the potential in properties and have lived all over Oregon and parts of California. I would love to have a multi-state business which includes single family, plexes, and potentially apartment building later in the future. I have a bachelor's from ASU and am ready to utilize my knowledge of sustainability, management and international travel to build my dream.