An income property is defined as property which is purchased and held for the purpose of earning an income from the operations of the property and securing a gain from the appreciation of the property while it is held.
An income property can be one of a number of types - single family, multifamily, retail, industrial, or even special use such as a restaurant or medical clinic.
Your Goal if you Own Income Property
As with any investment, your goal for owning income property is to secure a solid operating return on the capital employed in the investment and to secure a substantial gain on the asset when it is later sold.
2015 has been a great year to buy Portland Oregon income property because of low mortgage interest rates, a large and growing demand by tenants for rental housing, and continued price appreciation.
All indications are that these trends will continue into the future. Even with anticipated increases in interest rates, it is likely that holding income property in Portland, Oregon will be a solid investment into the foreseeable future.