In 2018, Tasa, reached out to me because she wanted to flip a house. I didn’t know it would lead to this, but since then, we have spent many hours talking about house remodeling, key improvements, and how to ensure a profitable investment. Just finishing up her third successful home remodel, I wanted to share some of her work with Kara Mack on Afternoon Live. Below are a few before and after photos. For the full 8 minute segment, and more of the work she did to the house, check out the link below.
Tag: Portland House Flipping
Multifamily Houses in Portland
Today I talked with Kara from Afternoon Live about multifamily houses in Portland. To see the full 7 minute video, click here
Here’s an example of a duplex that was for sale in Portland that I thought was a great long term investment.
- 1950s side by side 2 BR/1 BA multifamily (duplex) with Tuck-under garages.
- It was already vacant and in extreme disrepair when we bought it.
- NE Portland- Alberta Arts area.
- Current 2 Bedroom rentals are roughly $1600-$2200
- Current 3 Bedroom rentals are roughly $2500-$3000/month.
- We decided to finish the lower level, adding additional bath, bedroom, and bonus living space. Each unit will now be 3 BR/ 2 BA.
- Better use of space (more people can live in the property)
- By adding this additional finished space, it will bring in more rental income to cover the cost of the renovation work
- That extra monthly income will pay for the additional renovation work over 8-10 years.
- By updating everything, there will be few if any large maintenance expenses within the first 7 years. This makes profit and loss a little more predictable.
Not in the buying market or interested in multifamily, but thinking of selling your home? Check out my tips here.
Redesigned Laurelhurst Retreat
Main Floor
Upper & Lower Floor
MLS# 20399469 | Taxes: $14,632 | Lot Size: .21 Acre
Tips for Selling Your Home Faster
Professional House Flipper and Real Estate Agent, Bobby Curtis gave tips on how to sell your house faster in this “neutral” market. See tips below or click here to see the full interview on KATU’s Afternoon Live with Tra’Renee.
1.Price it right- don’t hold out waiting for your buyer. It may work on occasion if you have a very unique property- but let someone in the real estate business be the judge of that.
2.Effective staging. Of the homes that sell within the first week on the market with multiple offers, most of them are staged or appear staged.
3.Once in contract to sell your house, stay in contract. Negotiate after they do their inspections.
4.All of this will be made easier if you are working with a great real estate agent.
For more from Bobby, and some great contractor tips for your next home remodel, click here