Portland Investment Properties – Why You Should Invest

Investing in rental properties can provide a lot of opportunity for short-term cash flow and long-term returns. If you’re looking for an investment that provides passive income, consider investing in real estate. For investors who already have a growing portfolio of income-producing properties, we invite you to consider buying in the Portland market. You’ll find that there’s a lot of opportunity here, and a large pool of highly qualified tenants.

Portland, Oregon is a great place to live and to invest. The economy here is diverse and growing, and the unemployment rate is low. The median household income in the Portland area is nearly $70,000. It’s one of the fastest growing metropolitan areas in the country, and the largest industries here are business services, manufacturing, high technology and outdoor gear and apparel. There’s a thriving cultural and intellectual scene, and people in Portland care about their city, their environment, and their quality of life. Investing here ensures you’ll be able to grow with the city and enjoy an active, stable economic base.

Housing values are on the rise in Portland, which means your investment will begin to appreciate almost immediately. Properties in this market are a lot more affordable than those you would find in other west coast cities, particularly San Francisco, Seattle, and Los Angeles. You can enter the market with a much smaller investment in Portland than you could in California or other large cities. Many investors take advantage of this landscape. We work with several owners who are outside of Portland and even outside of the state. When you invest in a city that isn’t your own, it’s more important than ever to have a solid property management team to help you navigate the market, the local laws, and the rental landscape.

Average apartment rents in Portland have decreased slightly over the last two years, but not in a way that should be alarming to investors. The market was growing very hot very fast, and everyone in the real estate business expected it to level out at some point. Currently, rents in Portland average at around $1,600 per month. This provides outstanding cash flow to investors who have leveraged their purchases wisely and can earn rental income on their properties in and around the city. Rents for single-family homes are also reliable. This area is full of good tenants who are looking for attractive, comfortable properties in desirable neighborhoods. The highest rents are being commanded in neighborhoods such as the Pearl District and Downtown, while affordable homes are being snapped up by well-qualified tenants in neighborhoods like Woodlawn and Overlook.

We enjoy working with investors at every stage of the investment cycle. We’re here to help you purchase properties, manage those properties, and then when the time is right – sell those properties. Talk to us about the Portland market and what we can do to make you a more successful real estate investor.

If you have any questions about why you should invest in Portland, please contact us at Burgess Elliot Real Estate.