Hello All,I have interest in Bend, Oregon and the surrounding area.

In this business, especially when you are new, it is important to surround yourself with people who have your best interests in mind because in the real estate investing space it is very easy for an experienced listing agent or seller to take advantage of a new investor without representation during a transaction.

So I got my real estate license in order to potentially surround my self with like minded people and learn about the business.

Every resettlement I participated in was in Des Moines proper, and if that's representative, then a change (reduction) in immigrant inflows would not impact the surrounding suburbs. 

Anyone flipping old houses in Little Rock and surrounding areas, I will take any old metal kitchen cabinets you're getting rid of off your hands, and maybe light fixtures, sinks, etc. too.

Many CPAs work remotely as well, everyone I am in the network with in NYC also has knowledge of out of state taxes as well, especially surrounding tri-state (PA).

They're what kick me into my extra gears.Lessons:You're only as good as the people you surround yourself withThe catalyst in my business was when I decided to take on a partner.

Surrounding PDX market is less competitive than within the city.

I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i  OR should i not pull triggerRoughly 25k for lot + 200-250k to build  = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)

When your getting started in RE you’ll have no shortage of negative people and chicken littles in your life telling you 857 reasons why it’s a bad idea ,why it’s risky ,why it won’t work ,why you’ll lose money ..etc instead surround yourself with wise counsel and don’t allow your fear of losing money to overpower your desire to be an investor.