All Forum Posts by: Mike Nuss

@Tony W.in regard to how "do I feel". Me personally, I feel a 4plex with as low down as possible, that still has a suitable debt service in relation to the income makes sense to me. I mentioned 4plex because it's probably the highest amount of leverage one can get on their first investment. It's still essentially "newbie" investing, management is pretty simple, maintenance isn't at a scale that's too difficult and you'll get the best economies of scale. So it's purely a mathematical opinion, which is why I mentioned it. I think you should do what's best for you. I would say, an existing 4plex would be much simpler than ground up duplex. Ground up, expecially in our area, is not for the faint of heart. It takes skill, expertise, time and most importantly, liquidity. Also, getting the construction loan once permits are approved requires experience, from most lenders. So that should be factored in as well. 

@Tony W. tertiary markets have been strong for a long time, like 9 yearsish time. Demographics are a cycle, almost every demographic (economic and population) has seen the tertiary markets of Portland outpace Portland the past year or so. So yeah, if you want to house hack in a tertiary market, that's a solid option. 

My 2 cents on house hacking

1) Find a property where you want to live short term and rent out long term. If you really want to be a real estate investor (buyer), be where you get excited. Make relationships in that area and go buy some real estate. 

2) The tertiary markets are most likely going to have a higher property tax per unit because of the way our property taxes work. It's a big factor for me and why I invest almost exclusively in the **** hole neighborhoods of the 90's. Way better tax to purchase/rent ratio. 

3) Small plexes are a great way to maximize leverage, lower cost of debt and maximize economies of scale. That's one thing I would go back and teach myself if I could.....my first purchase would've been a 4plex and would've signifcantly changed the route I went and experience I earned my first 8 years. 

@Emily Hutson welcome, and good luck! I don't know if my friend @justin green is on here or not, doesn't look like he is. You should track him down. google agent green / justin green. He has a decent amount of mid term rentals around Portland. Nothing in NW, but other nice areas on the Eastside for sure.  

I'll say this too, you're asking all the right questions. It's a business, for that reason it takes more work, paid management or systems to handle that work. If you're not already familiar with Investorlab in Portland, you should check it out. There's a bunch of people in there involved in this model that you can network with. Look me up on FB. I write a lot about real estate and economics and am working on a piece about str/mtr/ltr that I'm going to post this week. It may add some value to what you're thinking/asking as well. 

@Corby Goade man, I know, it's insane. Just drive around Portland. Yep, no one's making millions of $'s anywhere around here. Can't do it. Not possible. 

It's better just to cChange your entire life and learn about a market you've never even been to, have no relationships in and would literally be starting from scratch. 

@Tony W. you can be a successful investor in any market, under any market conditions. There's a strategy that will always work. So when I see questions like these, there's no answer to be given, only questions to ask. 

What do you want to do? What fits your personality? What are your goals and vision of your future self?

Where, how, when and what you invest in should be based on those answers, and not someone's opinion on an internet site. 

That being said, discussing with other experienced investors is a way to flesh all this out. BP is great for it online. Investorlab is great for it in person in Portland (January's meeting will be epic). 

Wish you could pull the trigger on deals more confidently? Don't miss this event where you will learn the art of analyzing real estate deals like seasoned experts!

Mitchell England and Travis Dillard, co-founders of Zero to 100 Tribe, as well as Cadia Capital Group, will dive deep into their approach to real estate investing that has helped them build a portfolio of over 350 cash flowing units.

Discover how to carefully align your deal analysis with your goals, to shape the structure of your deals, and crack the code to grow your portfolio safely. Don't miss this opportunity to see how veteran investors break down the numbers and make decisions with speed and confidence!

Come at 6 PM for networking. The presentation will begin at 7 PM. Can't wait to see you there!

Tickets and info here: https://investorlab.com/networking

Get ready for a raw and unfiltered panel on September 14th! We've gathered the boldest players in the game to spill their predictions on the craziness to come.

Join powerhouses Bob Thomas (Peak Asset Management) and Michael Hironimus (Duckridge Realty Advisors) as they unveil their secrets to spotting hidden gems and seizing once-in-a-lifetime opportunities.

Snatch up cash-flowing acquisitions at mind-blowing discounts and carve out your slice of the pie. These panelists will provide crystal ball insights and game-changing strategies.

Don't wait, secure your spot now and dominate the commercial real estate world.

Come at 6 PM for networking. The presentation will begin at 7 PM. We can't wait to see you there!

Purchase your tickets here: https://www.eventbrite.com/e/708103214777/

The Evergreen

618 SE Alder St

Portland, Oregon 97214

Summer is in full swing, and later this month, join us for Investor Lab's Palatial Pizza Party on Thursday, July 20th at Wilshire Park!

Get your networking on! Meet the most active community of real estate investors in a casual summer setting. Join us for: pizza, beer, wine, soda, and the Portland's finest folk in the real estate industry, congregating under the sun-filled Portland sky. Make game changing connections and conversations that will lead to actionable steps for your Real Estate business!

Register at eventbrite

https://www.eventbrite.com/e/i...

Experts will be taking turns sharing a high level view and case studies on the most popular creative financing strategies today: Seller finance, private money, lease option and subject to. Come at 6 PM for networking. The presentation will begin at 7 PM. We can't wait to see you there! Get your tickets at https://www.eventbrite.com/e/investor-lab-creative-financing-panel-discussion-tickets-588436177447

Join Investor Lab for this epic showdown between an optimistic investor and a pessimistic lender. These two industry leaders will debate the future of the economic conditions to come.

We'll hear from Rarebird Real Estate and Investor Lab Co-Founder Mike Nuss and NW Private Lending's Eric Larson.

Join us at The Evergreen on Thursday, March 9th for this exciting debate! Come at 6 PM to enjoy networking over a drink. The presentation will begin at 7 PM. You won’t want to miss it.

Purchase your ticket HERE.