All Forum Posts by: Kiki Helland

Thanks! I think it does. 

I am in escrow for an investment SFR and the home inspection revealed issues with the electric wiring. I got two estimates for repair including fixing a fire hazard condition in the wiring coming from the street through attic and unpermitted work on electric panel redo. Are these issues part of what the appraiser looks at and considers to value the property? Will appraiser even know that there are issues and will unpermitted work affect appraisal? I'm in a dilemma about how to handle this.. Thanks for your input!

I own one rental in Portland that I completed converting a basement into an ADU with very work which the city assessed as a duplex. This turned out very well before the market got really hot. I am currently looking for another property in Portland. I do not live there so I am not in the position to move into a duplex to rent out the second unit. Is a duplex to fourplex then not a good option if I am not owner occupying? The market is so hot in Portland that I can't see where I can be at a price point that will fall into the investor guidelines about CAP since the price points are reaching the level that does not support a positive cash flow even with a 25% downpayment. It's even worse in So Cal where I live and work.

Any insights??

Thanks to the BP community!

would love to meet when I'm in town. Planning to be there at very end of this month and in September just after the holiday. 

Hello,

I'm new to this forum and I'm new to investing in real estate. Trying to learn as much as I can to continue. I am looking at getting another investment property in Portland to buy and hold. I live in California and have a SFR rental and decided to look into Portland in 2011. I bought an SFR that I converted into a duplex. Nearly doubled the value, so I refinanced and pulled some cash out. The cash flow is great even after all my expenses. I realize that now the market is so hot that I can't seem to find another and like you described Jay, it seems the SFRs are so pricey that the positive cash is not there... At least that is what I'm seeing. I'm lookig in the Milwaukie area to see if I can snag a deal there with the expansion of the Max line but people already beat me to that idea! Anyway, I don't know what type of property to look at. I've considered a rehab, but I don't know of a good contractor and one that can do it expediently. I have considered adding an ADU to the property I purhcase, but I don't if that's a good idea and how to run the numbers.

I'm hoping to get to Portland at end of month to look at some up and coming neighborhoods to focus on. Any insight into that Jay I would really appreciate! My current rental in PDX is in the Brentwood-Darlington area (aka Felony Flats) and that area seems to have grown out of its name and jumped in desirability although still more affordable than other places. 

I'd appreciate any advice from investors in the Portland area.  Thanks!!