All Forum Posts by: Keegan Schaub

Hey Melissa,
I have multiple out-of-state investments myself, and there have definitely been some key lessons learned along the way. For example, I’ve learned to really understand the local market conditions before committing to a deal. I've also had to get comfortable with long-distance communication and trusting my team to manage things well.

As for resources, podcasts are by far my favorite—there’s always so much valuable insight and stories from other investors. As for meetups, I’ve attended a few in Denver, and they’re great, but they can depend on what strategies you’re focusing on. There’s a lot of variety, so it’s about finding the ones that align with your investment goals.

Lastly, if you’re considering Denver, I know an awesome real estate agent there with a ton of experience helping investors, and I’d be happy to connect you with them if you’d like. Let me know if you want more info!

Hey Chelsea,
I’m originally from Washington too, and I actually lived in Milwaukee for 4 years during grad school! I know a fantastic real estate agent in the Milwaukee area who’s a top performer with tons of experience—we actually went to high school together. If you’re looking for someone to help you navigate the local market, feel free to reach out and I’d be happy to connect you! Best of luck with your multi-family house hacking journey, and let me know how I can assist.

Hey Christopher,
It sounds like you’re thinking things through carefully, which is great! As a fellow investor in Colorado, I can relate to the challenges of the local market. I actually bought a home in Arvada last year, and it’s appreciated 8% in the first year—there’s potential for growth, but the rent-to-price ratio can be tough here.

I understand the fear of making a bad purchase, especially as a rookie. A good strategy might be to focus on long-term appreciation and equity building, especially if you’re willing to break even for a while. If you're interested, I know a fantastic investor-friendly agent in Denver with years of experience and could help you navigate the market. Feel free to reach out if you'd like a connection or any advice!

Hey Keith,
I’m based in Portland but own a ten-bed Residential Assisted Living (RAL) home in Tucson. I’m passionate about the senior living industry and providing a high-quality environment for residents. I'd love to connect and share experiences and strategies, as there’s so much value in learning from each other in this space. Let’s connect and explore how we can collaborate! Looking forward to it.

As a Pacific Northwest native, I've seen firsthand how the region's unique blend of natural beauty, vibrant cities, and year-round attractions make it an incredible place for short-term rental (STR) investments. If you're looking to capitalize on the market in 2025, here are the top 10 cities in the PNW that are yielding the best returns on investment:

1. Seattle, WA

• Median Home Price: $820,000
• Average Daily Rate: $200
• Occupancy Rate: 75%

2. Portland, OR

• Median Home Price: $485,000
• Average Daily Rate: $180
• Occupancy Rate: 70%

3. Spokane, WA

• Median Home Price: $345,000
• Average Daily Rate: $150
• Occupancy Rate: 68%

4. Tacoma, WA

• Median Home Price: $450,000
• Average Daily Rate: $160
• Occupancy Rate: 72%

5. Bend, OR

• Median Home Price: $560,000
• Average Daily Rate: $190
• Occupancy Rate: 65%

6. Seaside, OR

• Median Home Price: $475,000
• Average Daily Rate: $175
• Occupancy Rate: 70%

7. Olympia, WA

• Median Home Price: $400,000
• Average Daily Rate: $155
• Occupancy Rate: 67%

8. Eugene, OR

• Median Home Price: $410,000
• Average Daily Rate: $160
• Occupancy Rate: 68%

9. Salem, OR

• Median Home Price: $385,000
• Average Daily Rate: $150
• Occupancy Rate: 65%

10. Ashland, OR

• Median Home Price: $600,000
• Average Daily Rate: $210
• Occupancy Rate: 72%

These markets are thriving with strong tourism, a variety of attractions, and a growing demand for STRs. If you're interested in learning more or need help navigating the best STR opportunities in these areas, I'd love to connect! As a PNW native, I'm passionate about helping investors make the most out of the unique markets in this beautiful region.

As of February 2025, Portland's real estate market is exhibiting signs of stability and modest growth. In January 2025, the median home price reached $485,000, marking a 3.2% increase from the previous year. Homes are typically on the market for about 56 days before selling, slightly longer than the 43 days observed last year.Redfin

The number of homes for sale has risen by 6.6% from December 2024 to January 2025, totaling 3,131 active listings. However, the number of homes sold decreased by 25% during the same period, with 505 homes sold in January 2025 compared to 673 in December 2024.Rocket

Looking ahead, forecasts suggest a period of relative stability in home values, with a slight 0.1% increase anticipated between February and April 2025. Over the next year, a modest 0.8% decrease is projected, indicating a potential cooling of the market.Norada Real Estate

Despite high housing costs contributing to population shifts, the Portland real estate market remains resilient. The contrasting growth patterns between Oregon and neighboring Washington suggest that factors such as taxes and public services are influencing these trends.portlandmetrochamber.com

Overall, Portland's housing market in early 2025 reflects a balanced environment, with steady home prices and a healthy inventory, offering opportunities for both buyers and sellers.

Hey Morgan, congrats on your rental property in Oregon! I'm a Portland-based real estate broker and work with many investors navigating cross-state purchases. From a legal standpoint, many investors set up an LLC in the state where the property is located (Oregon in this case) to limit liability. However, since you live in California, you may still be required to register the LLC there as a 'foreign entity,' which can come with additional costs and regulations.

For taxes, California has strict rules on taxing out-of-state income, so you’ll likely need to report your Oregon rental income on both your Oregon and California tax returns. I’d highly recommend speaking with a CPA who understands both states’ tax laws to optimize your structure.

If you need any local insights on property management or investment strategies in Oregon, feel free to reach out. Happy to help!

Hey Tarsha, welcome to BiggerPockets! Great to see another investor here in Portland. I’m a local real estate broker with Keller Williams, and I love helping investors find great opportunities in the area. If you ever want to chat about the market, deals, or strategies, feel free to reach out. Looking forward to connecting!

Hey Kevin! Welcome to the BiggerPockets community! It’s great to see you exploring investment opportunities. I’m a Portland-based real estate broker with Keller Williams, and I love helping investors find great deals and grow their portfolios. If you ever need insights on the Portland/surrounding markets or strategies for maximizing returns, feel free to reach out.

What would people recommend I pursue, commercial or residential broker? 

Context: I just moved to Portland, OR and finally decided to pivot careers from healthcare into real estate. I am halfway through licensing.  I have experience investing (own 2 STRs and an assisted living home+business). I am financially free with ~$10-17k/mo cashflow. I have no social sphere or contacts family or friends in Oregon (I don’t know anyone besides my fiancée).

Goals: continue to have flexible schedule while enjoying what I do (selling real estate) and making good money. Continue to scale my personal RE investments and learn!

Thanks!