It takes dedicated resources to build out and to do effectively at scale.

You will also likely be paying more than more experienced investors as you build your team and knowledge.

Jeff, since my apartment building is now under “new management,” when will you return the July rent you collected from me and my elderly, autistic uncle?

The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.

BRRRR deals can be trickier to come by in these spots due to their higher demand, but the way to go is to build a solid team with local connections who can share insights and bring you deals!

Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.

He teaches people to build small, but productive, portfolios.

It takes time and effort to build up to the point where you’re not relying on a W2 job, but starting now puts you on the right path.If you have any questions about investing or need guidance as you get started, don’t hesitate to reach out.

As with all regions, the Oregon Coasts' counties and cities are tightening their rules (and quantities of allowable vacation rentals) and there are a few adjustments to last year's regulatory landscape.