So you wanna get started investing in Portland/Salem and you’re checking things out, eh?
Good for you. Always do your homework and you won’t get schooled.
Here’s some great tools that we’ve found and we use from time to time and great real estate investing resources in Portland/Salem for investors here locally to tap into for quick research on your investment deals.
The best thing is most of these sites below are completely free!
Here are some essential websites you should familiarize yourself with:
1. Zillow
Zillow stands out as the premier real estate platform, offering unparalleled insights into real estate opportunities and wealth accumulation.
The CEO of Zillow, Spencer Rascoff, said their company’s best asset was their “living database of all homes”.
The Zestimate tool can be unreliable, as many people have observed. While it can be interesting to see the computer-generated estimate, it is essential to have the skills to analyze comparable properties and assess the market conditions on your own.
Spend a lot of time on Zillow and get to know the intimate details of each property sold in your target Portland/Salem neighborhoods. Really try to identify the psychology of the prices, and seek to understand why the seller and buyer picked that point to settle.
Remember, each sale is like a tiny piece of a moving puzzle that makes up the whole market.
Zillow is an awesome tool for investors to get to know their markets.
2. Craiglist
Searching for real estate deals on Craigslist can be a lucrative endeavor if you put in the time. Despite the abundance of great properties, many listings are accompanied by subpar ads, creating opportunities for savvy investors in OR. Keep a close eye on the site as new deals are posted around the clock, and don’t be discouraged by poorly written listings – your next great investment could be hidden among them.
3. LoopNet
LoopNet is the leading platform for commercial real estate investing, offering unparalleled opportunities for investors.
If you are looking to sell a large commercial property to institutional investors, listing it on this site is a must.
While LoopNet can offer excellent investment opportunities, the competition among investors can be fierce. To secure a deal on this platform, Grade-A investors partnering with top brokers stand a better chance of success. LoopNet is best suited for seasoned investors rather than beginners.
Explore LoopNet to gain insights into the real estate market in Portland/Salem and track major investment trends. Discover valuable information by browsing available properties for sale and monitoring successful transactions.
4. Auction.com
As its name implies, Auction.com serves as a prominent marketplace for a wide range of property auctions, including foreclosures, REOs, short sales, distressed properties, land, and new construction. Whatever type of property you’re looking for, Auction.com likely offers it.
Be sure to explore the auction calendar and attend auctions in Portland/Salem. Attending these events could lead to valuable connections, such as meeting a potential business partner.
5. Realtor.com
The largest place to search the MLS (multiple listing service), Realtor.com is sometimes confusing and often doesn’t seem consistent with what data it displays.
Discover useful search alerts and tools that notify you when a broker in Portland/Salem adds a new listing. For serious investors, establishing a strong relationship with a top-notch Realtor is key, going beyond just relying on the website.
6. Walkscore
Most investors overlook Walkscore.com – a big mistake.
Discover valuable insights about any address with Walkscore. Gain valuable information on what amenities are nearby and the convenience of access for potential renters or buyers.
Real estate investing is an excellent strategy for identifying undervalued areas with great amenities. When a location boasts a high walk score alongside affordable prices, it often indicates the potential for future price appreciation. While there are exceptions, walkability plays a crucial role in investment opportunities in Portland/Salem.
Those tools will help you to understand the Portland/Salem area market, if you take the time to use them. Do your homework, and understand the market before you start dumping your hard-earned money into a property.
You can always give us a call 503-577-3077 – we love to partner up with investors, and we’ve got great terms.
If you’re looking to access to local Portland/Salem investment properties, great!