By Will Sing, September 26, 2023
I am thrilled to share a success story. It’s the story of Amanda and Shiv, a determined couple who embarked on a house hacking journey with dreams and a clear vision in their minds. Let’s dive into their journey!
The Dream: House Hacking in North Portland
Amanda and Shiv had been on the lookout for a golden house hacking opportunity for over a year. For those new to the term, house hacking involves buying a multi-unit property, living in one unit, and renting out the others to offset your mortgage. It was a dream they nurtured, and I had the privilege to guide them in this journey, equipped with my custom deal calculator to run the numbers meticulously.
The Find: A Duplex with Potential
Our persistent search led us to a promising duplex in North Portland. A place that whispered potential and promised a positive cash flow in just the second year! Yes, it required a bit of a nudge to enhance the rents, but nothing too daunting.
The Victory: Winning Against the Odds
In the competitive Portland market, we found ourselves up against another eager offer. But Amanda and Shiv had a winning spirit, and guess what? We won, securing a place that was more than a house; it was a canvas of opportunities.
The Inspection Period: A Time of Diligence
Entering the inspection period, we rolled up our sleeves, ready to delve deep into every nook and cranny. We scrutinized the property’s financials, keeping an eagle eye on the major issues. Our diligence paid off, securing a substantial $7,500 towards a new roof and a comforting home warranty to boot.
The Closing: A Happy Beginning
As we neared the closing, the joy was palpable. Not only did we secure the home, but we also managed to get a generous $9k in closing costs. Amanda and Shiv were all set to move into their new abode, ready to infuse it with their personal touch, one improvement at a time.
Conclusion
Today, Amanda and Shiv are happily settled in their unit, gradually transforming their space while enjoying the benefits of house hacking. Their story is a testimony to what determination, the right guidance, and a bit of house hacking savvy can achieve. Here is what they had to say:
Will was super helpful throughout the entire home buying process. He has a lot of knowledge about different types of housing options and knows the Portland area really well. He wants his clients to feel good about their purchase and we definitely do.
Inspired by Amanda and Shiv’s story and keen to start your own house hacking journey in Portland? Reach out to me at š 503-303-0822 or š§ hello@agentlivinginpdx.com and let’s turn your home buying dream into reality!
Will Sing
Broker
He/Him
I'm William, a Portland native and real estate agent passionate about empowering clients through education and personalized guidance. Discover how I can help you achieve your real estate goals today! With a background in construction and extensive experience in investment properties and property management, I help clients make informed decisions that align with their financial and lifestyle goals. Iām committed to reliability, building lasting relationships, and delivering insightful guidance that empowers clients.
When not navigating the complexities of real estate, I enjoy listening to audiobooks, swimming, and spending quality time with my wife and our two German Shepherds. To discover how I can help you achieve your real estate goals, If you're looking for more in-depth assistance, you can schedule a free strategy session with me here.
Feel free to connect with me on YouTube, Instagram, or Facebook. Also, check out my Free Buyer's Guide to navigate the home buying process with confidence.
Read More
- T: 503-303-0822
- will@agentlivinginpdx.com
