All Forum Posts by: Nishant George

I am setting myself up for failure if I invest *despite* the realization that the numbers won't work out the way I want. With my job and an infant, I simply don't have the time to get an older property and rehab it to add value, make it more rentable, etc. I understand that with additional investment of time such numbers may be possible. But the truth is that there is nothing wrong with wanting to be an investor who is more passive and wanting good returns. Also the truth is that there are other markets where such numbers can and do work out. I am essentially trying to ensure that based on the analysis that I have done, that Portland now is not the market where my type of investing can happen successfully. I am simply seeking confirmation of my analysis from the experts and more experienced investors out there. (Sorry about the duplicate discussions. The app just crashed as I hit post. Didn't realize the post had actually happened.)

Gentlemen, thank you for your replies. Realizing this is not entirely bad news. Jumping the gun to invest despite this would be the bad news. Thanks once again!

Hi,

I am a relatively new investor from Portland OR (I have one condo bought in 2012 which is doing ok now) looking to pick up a property using conventional lending (20-25% down, 30-year fixed rate mortgage) to buy and hold for cash flow. I have been focusing on single family, condos, town homes, 2-, 3- and 4-plexes. My search and analyses parameters are so: at least $200 cash flow per door after debt service and at least 7% ROI. My search includes these areas: Portland, Beaverton, Hillsboro, Gresham, Newberg and Sherwood. I have only been looking through the MLS and using a realtor.

I've been searching for at least two months now and don't see any thing that is priced so that I hit these parameters. Usually when I find a property that meets those constraints, it is usually something that's built a long time ago -- 1925-60s, and I don't think I'll have the time to devote to repairs and such.

Properties simply seem to be over priced. Nothing new there, I agree, as far as the current Portland market is concerned. But is that it? Is there nothing else I can do to improve my chances of finding better deals in this market? Obviously investors are buying in the area; are they buying just for price appreciation? Do I simply need to look elsewhere until the 'irrational exuberance' subsides? 

Hi, I am a relatively new investor from Portland OR (I have one condo bought in 2012 which is doing ok now) looking to pick up a property using conventional lending (20-25% down, 30-year fixed rate mortgage) to buy and hold for cash flow. I have been focusing on single family, condos, town homes, 2-, 3- and 4-plexes. My search and analyses parameters are so: at least $200 cash flow per door after debt service and at least 7% ROI. My search includes these areas: Portland, Beaverton, Hillsboro, Gresham, Newberg and Sherwood. I have only been looking through the MLS and using a realtor. I've been searching for at least two months now and don't see any thing that is priced so that I hit these parameters. Usually when I find a property that meets those constraints, it is usually something that's built a long time ago -- 1925-60s, and I don't think I'll have the time to devote to repairs and such. Properties simply seem to be over priced. Nothing new there, I agree, as far as the current Portland market is concerned. But is that it? Is there something else I can do to improve my chances of finding better deals in this market? Obviously investors are buying in the area; are they buying just for price appreciation? Do I simply need to look elsewhere until the 'irrational exuberance' subsides?

Hi, I am a relatively new investor from Portland OR (I have one condo bought in 2012 which is doing ok now) looking to pick up a property using conventional lending (20-25% down, 30-year fixed rate mortgage) to buy and hold for cash flow. I have been focusing on single family, condos, town homes, 2-, 3- and 4-plexes. My search and analyses parameters are so: at least $200 cash flow per door after debt service and at least 7% ROI. My search includes these areas: Portland, Beaverton, Hillsboro, Gresham, Newberg and Sherwood. I have only been looking through the MLS and using a realtor. I've been searching for at least two months now and don't see any thing that is priced so that I hit these parameters. Usually when I find a property that meets those constraints, it is usually something that's built a long time ago -- 1925-60s, and I don't think I'll have the time to devote to repairs and such. Properties simply seem to be over priced. Nothing new there, I agree, as far as the current Portland market is concerned. But is that it? Is there something else I can do to improve my chances of finding better deals in this market? Obviously investors are buying in the area; are they buying just for price appreciation? Do I simply need to look elsewhere until the 'irrational exuberance' subsides?

What are the best-known-methods to estimate rentability of a property before deciding to invest in it? How can two properties be compared to estimate which one maybe easier/quicker to rent? Conversely, any estimate that can quantify the average vacancy. E.g. School districts, walkability score on RedFin..? Thanks!