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Thinking of investing in a Duplex or
Triplex in Portland Oregon?
In the Portland real estate market, investing in smaller
multifamily properties such as a duplex, triplex or
four-plex has gained popularity during the recent real
estate boom. While prices have risen substantially along
with single family dwellings in the past few years, the now
slowing market creates great opportunity to get into the
Portland investment market:
1)Financing a multiplex
Financing is always going to be a little bit different for
investment property, however, a duplex, triplex, or four-plex
in most cases can be considered a primary residence for
financing purposes if you live in one of the units.
2)Inspection
Inspections are conducted in much the same way as a
regular home and are strongly advisable. The cost for an
professional inspection on a duplex or triplex can be higher
since there will be multiple dwellings to inspect.
3)Valuation
Compared to a regular single family home, much more
attention to the income generated from rents is used to
determine the value of a duplex or triplex. You should
always know how much income the property can generate
before making an offer on a plex.
Triplex in Portland Oregon?
In the Portland real estate market, investing in smaller
multifamily properties such as a duplex, triplex or
four-plex has gained popularity during the recent real
estate boom. While prices have risen substantially along
with single family dwellings in the past few years, the now
slowing market creates great opportunity to get into the
Portland investment market:
1)Financing a multiplex
Financing is always going to be a little bit different for
investment property, however, a duplex, triplex, or four-plex
in most cases can be considered a primary residence for
financing purposes if you live in one of the units.
2)Inspection
Inspections are conducted in much the same way as a
regular home and are strongly advisable. The cost for an
professional inspection on a duplex or triplex can be higher
since there will be multiple dwellings to inspect.
3)Valuation
Compared to a regular single family home, much more
attention to the income generated from rents is used to
determine the value of a duplex or triplex. You should
always know how much income the property can generate
before making an offer on a plex.
Tools:
Mortgage calculator
Useful sites:
Portand Maps
Metro Maps
Public Schools
neighborhooods
Mortgage calculator
Useful sites:
Portand Maps
Metro Maps
Public Schools
neighborhooods
| Chris Love Principal Broker/Realtor John L Scott Real Estate 4111 SE Woodstock Blvd Portland, Oregon 503-775-4699 503-788-7103 503-957-6087 www.johnlscott.com/christopherjl |
www.MyPortlandAgent.com