Property Management Blog

Saturday, June 1, 2019

Home Ownership Pathway Program with Uptown Properties
Home Ownership Pathway Program with Uptown Properties
The Uptown Properties team believes in the value of homeownership. I understand that purchasing a home in the Portland metro area can seem very intimidating. With an average sale price of $453,600 it can seem impossible to purchase your first home. Have no fear though! With over 6,500 active listings there are many more affordable h...

Wednesday, May 29, 2019

"Get in the game, then wait."- Why I Invest In Real Estate
GET RICH SLOW PROGRAMAll we see on TV is people making tens of thousands of dollars in what seems to be a week. Flipping houses can be very lucrative, but it is also risky and lots of hard work. Accumulating rental properties is not as glamorous, but it can build passive income for life. “It is better to make a slow dime than a quic...

Monday, May 27, 2019

Value Add with Capital Out
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Investment Info:Single-family residence buy & hold investment.Purchase price: $102,000 Cash invested: $100,000Contributors: AJ ShepardChris ShepardAfter our first project, we decided that we could take on a little more. We found this project in the weeds in MLS, at the time there was a lot of properties on the MLS in 2010. T...

Tuesday, May 21, 2019

The 1% Rule in Real Estate Investing
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Investing in real estate has many numbers and calculations involved when analyzing a deal. Some calculations include the cap rate, NOI, gross rent multiplier, and gross income but using the 1% rule can make analyzing a deal much easier. The 1% rule is when the monthly rental income generated from the property is equal to 1% of the pu...

Monday, May 20, 2019

Good Timing Can Be Everything
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Investment Info:Single-family residence buy & hold investment in Portland.Purchase price: $89,000 Cash invested: $15,000Contributors: AJ ShepardChris ShepardThis was during the hayday of banks trying to get assets off of their books. This one went up for sale and we owned the one directly next door. They put the asking offer...

Monday, May 13, 2019

4 Square in the Heart of an Industrial District
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Investment Info:Single-family residence buy & hold investment. Contributors: Chris ShepardAj ShepardThis property was another great old house that has been grandfathered into the zoning that it resides. Proved to be tough for us to get financed, but we finally found someone willing to underwrite it. Being great walking distance to a l...

Thursday, May 9, 2019

How to Save for a Down Payment
How to Save for a Down Payment
Saving for a down payment is one of the main reasons people do not think home ownership is an attainable goal. Many people intend to start saving for a down payment but life gets in the way. If you are considering putting 20% down on an average home in Portland you would be looking at about $90,000 out of pocket, not including closing cos...

Monday, May 6, 2019

Duplex in Goose Hollow
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Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $225,000 Cash invested: $40,000Contributors:AJ Shepard Chris ShepardFirst real multifamily for our, a duplex. At this point, we really do feel like our tastes are getting eclectic. This property has a lot of challenges to it, with 4 flights ...

Monday, April 22, 2019

First Friday in the Village Mother's Day Style
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Join us Friday, May 3rd from 4-7pm as we celebrate all the Mother's in our lives with our First Friday event! We will have wine tasting available from Artisanal Wine Cellars as well as pottery and plants for purchase from Pottery by Marjorie and Flowers by Alana. Hand massages will be available from 4-6 and amazing gift baskets will ...

Monday, April 15, 2019

More on SB608 In Portland
More on SB608 In Portland
With SB608 recently passing we are still getting plenty of questions from homeowners about it! Check out this great Q&A video created by Uptown Properties Co-Owner Chris Shepard with some great information about SB608.

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