All Forum Posts by: Suavek Kownacki

Thanks for all the great feedback everyone.

I started looking and there is some great rental price differences between the places mentioned.
I am still confused at what the norm is for billing back for utilities etc..

I'm looking @ rentals and haven't seen any where tenant isn't required to pay for all utilities.

In any case i'll be looking for a rental in the Milwaukie, Gladstone, Oregon City for first of Aug, if you know anyone or have anything please be sure to send me a note.

Thanks again!

Hi,

I'm finally moving to Portland area. Looking at east of the river since work is in Clackamas and i've seen the traffic can get real bad.

Been a few times and i love the greenery and water. You guys have it all! 

About me:
Own a house in San Diego area that i will keep and rent out before the move.
Looking to rent for a bit in Portland just to familiarize myself with the area. 

Looking to buy within a year 
2 or 3 plex for starters
budget: ~550K 
have ~150K for dp
looking to live in one of the units with wife and 2 kids and rent the rest to offset mortgage.

Seeing as work is in Clackamas and i don't want to be stuck in traffic, where do you guys recommend?

I have read that Cap Rate in Portland is in the range of 4-6% is that true? looks like its much more lucrative than that!

Also noticed expenses for some of the multifamily are higher than i would guess, does that mean there are landlord responsibilities such as water or trash or ?? - what should i look out for when becoming a landlord in OR?

My first post here, so bear with me.
Thanks and looking forward to your replies.