All Forum Posts by: Sean Monaghan

Hello,

I'm from Bend Oregon and i am a General Manager of a construction company here. we do a lot of commercial framing on large jobs and actually just turned in a bid on the new 4 year college coming into town. from my perspective i do think that the central Oregon community has a lot of growing to do, but if you are looking at it from a cash flow point of View the property values have come back up since the big crash and it is almost impossible to make them pencil. there are still deals but unless you have lots of cash i don't see anyone buying rental properties that will actually cash flow. 

Hello everyone i just found this site and i love it already. it has been my dream to invest in real estate since i was 15, I was on track to start but got caught in the housing bubble and am now just recovering.  i have been listening to the podcast relating to small multi family and also the ones about investing out of area. my trouble with trying to invest locally is that property values are extremely high. compared to the rents. my main goal is to buy cash flow property so this is nearly impossible to do here.  for example an average house that is a 3/2 cost about $200,000 and it would rent for $1,100 a month. any thoughts on this? who else is successfully investing out of their area and what states or cities work best for this? also i heard in some of the podcast about portfolio lenders where can i get more info about this? thanks