A fixer can be a nightmare. I have known couples who have invested in a fixer that wound up costing more than the house is worth, and nearly wrecked their marriage in the process. Fixers are not for the faint of heart, and some fixers are irrevocably broken. With that caveat, a fixer offers a great opportunity for profit or for a wonderful affordable home. And you don’t have to pay for someones “Home Depot rehab”. Greg and I have helped a number of buyers through the “fixer” process who have all cleared over 125,000$ ( cash free no taxes-primary domicile) in a few years.
Fixers all come down to numbers, and having done multiple fixers I can give you sound estimates on what it will cost and how long it will take to complete the task. (Just don’t pass me a hammer, I have moved on from that kind of work!)The most critical decision on a fixer is how low you can get the purchase price, and Greg and I have helped buyers make some amazing buys in the Portland marketplace. Frequently, fixers come through estates and are encumbered by all kinds of legal issues, and Gregory just excels in sorting through these problems. You don’t have to go hire a lawyer; reviewing you legal docs by a licensed attorney is just part of our service at Stumptown. Greg and I will sit down with you and review any project you are considering, and create a strategy that will work for you.
Our greatest advice is frequently when we just say, “No.! We will NEVER advise you to buy a house so that we may simply get our commission and move on to the next deal. We stand behind Stumptown Realty because that is who we are. But great deals are out there if you are intelligent, informed and patient. Give one of us a call and we will be happy to sit down with you and plot out a strategy that will lead you to success whether its buying a house for profit or manifesting your dream home.