Flip Houses in Portland: Your Guide to Profitable Real Estate Investing
Auctions: Both live and online auctions offer opportunities to purchase properties below market value. (Check out our list of recommended auction sites below!)
Financing: Flipping often requires quick access to cash. Common financing options include:Cash: Paying cash gives you the most negotiating power and speeds up the closing process.
Hard Money Lenders: These lenders specialize in short-term loans for real estate investors. Expect to pay around 2 points upfront and 10-12% interest. (We have a network of reliable hard money lenders - see below!)
Efficient Execution: Time is money in flipping. Work with experienced contractors and handymen to complete the renovation quickly and efficiently. (We can connect you with trusted professionals - see below!)
Marketing and Listing: Effectively market the property to attract qualified buyers. Consider professional staging and photography.
Closing: Navigate the closing process smoothly to finalize the sale and realize your profit.
Partnering with Us
We offer a unique partnership opportunity for investors interested in flipping houses in Portland:
Financing and Profit Sharing: We partner with investors who will finance projects and split the profits. We handle the entire operation, from sourcing the property to renovation and resale.
Discounted Listing: If you're purchasing a property through us, we'll list it for a discounted commission of 1%.
Evaluating a Flip
Before committing to a flip, carefully evaluate the potential profitability. Use our Fix and Flip Calculator (link below) to estimate your costs and potential returns. Key factors to consider:
ARV (After Repair Value)
Closing Costs (purchase and sale)
Financing Costs
Title Costs
Broker Commissions
Renovation Costs
Holding Costs (taxes, insurance, utilities)
Resources
Auction Sites:
Local Wholesalers
Contact them and ask to be added to their buyers list.
Hard Money Lenders:
Alex Mora
Chris Burdick
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Houses for Sale
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Average Sale Price
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Total Listing
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Average Listing Price
