Dinks Consider Real Estate In Portland

Hello All,

We're still in Portland, OR visiting family and getting to know the city. Its a bit of a gloomy day here so I'm bivouacked in a coffee shop on Martin Luther King Boulevard getting this posting out.

The good news is that we may have found a prospective rental property in North Portland. When driving around we accidentally saw a nice little one bedroom on the 7000 block of North Omaha street with a for sale sign in the window. It turned out that the owner was available to show the place, so we went in and had a look. After about a half hour of looking the house over, we decided it was a potential buy and wrote down the sellers contact information.

There are some thing we need to consider before making the final decision. For example, when dealing with real estate, its important not to commit before doing comparables on the asking price and potential cash flow. It also seems sensible to evaluate the impact on our income tax situation and to determine the hassle factor involved in finding and screening tenants.

There are several reasons for buying a place in Portland. Of course, we're obviously interested in profit. But we have personal reasons as well. As you probably know from the title of the blog "Dual Income No Kids", we don't have children yet. However, at some point we'd like to start a family and have settled on Portland for a number of reasons. Owning property is a great way to start becoming more involved in the city.

We couldn't get pictures of the place, but here is the mapquest location. We may swing by later on during the week to take some snapshots for planning purposes.

Best,

James