All Forum Posts by: Alex Mora

 These are great questions that I did not think of. I am going to take these and analyze furthermore, thank you for the guidance !

I am set on wanting to sell the house since I have a good amount of equity that I could use to purchase my next property. However It was just brought to my attention that I should wait to sell it until I complete 2 years here since I will pay capital taxes? or something like that. Which could actually take a lot away from my overall profit that I think I would be getting after its all said and done.

@Cole Simpson I bought the home 1yr ago in Dec. Just curious if I rent it out but don't have cash flow coming in, when I apply for another loan, wont that affect me to where I wont be able to get a second loan ?

Analyzing my own home and my local area, I noticed me and my partner purchased a home with a good amount of equity within the first year.

House was valued at 260k and we purchased it for 240k and we put about 15k down

Comps around me are about 290k-300k now from what I can see in Se Portland. 

My partner and I set a goal and that is to buy our very first actual investment property, rather than just buying a place to live in. We are unsure on which path makes more sense to pursue in our market. 

One of the hick ups that we run into is whether it makes sense to sell our current home, since we have a good amount of equity, and purchase a multi-unit or SFH and add an ADU to be able to rent out. Or simply get a home that needs some TLC, live in it for a year or two and than sell. We are not sure which strategy would be best for us and what just makes sense.

I will add that we are newbies and unfortunately we do not know anyone personally around us that is a real estate investor and understands the real estate investing side of things like everyone in BP.

Any kind of feedback would be appreciated !

Thanks @Say Teoh , I actually sent you a DM I believe. I am looking forward to hearing from you !

@Will Fraser Thanks for the warm welcome ! 

Hello everyone ! My name is Alex and I am a new investor in the Portland, OR area looking to network and meet like minded people.

I am 25 years old and currently have one property that I live in now. My goal here is to get into house hacking and also get into multi-family homes, BRRRR method more than anything . After trying many things through my life, I came down to the conclusion that being an investor is what I want to do and more so on owning real estate. I love everything about it and love what it can do for you on the short and long run. I am looking forward to building relationships that will help me but also help you. If you are wanting to connect and bounce ideas off of each other lets connect!

Hello everyone ! My name is Alex and I am a new investor in the Portland, OR area looking to network and meet like minded people.

I am 25 years old and currently have one property that I live in now. My goal here is to get into house hacking and also get into multi-family homes, BRRRR method more than anything . After trying many things through my life, I came down to the conclusion that being an investor is what I want to do and more so on owning real estate. I love everything about it and love what it can do for you on the short and long run. I am looking forward to building relationships that will help me but also help you. If you are wanting to connect and bounce ideas off of each other lets connect!