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Updated over 6 years ago on . Most recent reply
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- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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BEND AND CENTRAL OREGON are CRAZY busy !!
We moved up here from southern CA, wanting to find a place easier to build, with a good demand for housing. We had no idea we were getting in on such a growth spurt! Over 20 people a day are moving into Central Oregon!
We had a little bit of a learning curve, and weren't sure on the weather, so put off starting construction until the spring. However; as it turned out we could have started in that fall, and been done by spring, but it still worked out, We also had to familiarize ourselves with subs and it was a bit of trial an error, but overall, 99% of them were great and we'll use again.
Since getting here we remodeled a manufactured home in La Pine, OR, and sold it right away. It was in a vacation area, close to lakes, etc. and we chose a rustic cabin style. It sold right away. Next up we started a new construction SFR home in Three Rivers area, close to the Big Deschutes River. We just finished it a few weeks ago, and accepted an offer on it yesterday, Now we're finishing up the final touches on a remodel in Sunriver, that more than likely will be purchased for a Vacation Rental property by an investor, or a 2nd home. It's within 30 minutes of Mt. Bachelor, close to the Deschutes River and miles of hiking / biking trails, plus the HOA has a waterpark.
All three of these projects had Biggerpockets nvestors in with us.
In addition to all of that, I immediately got a meetup going in Bend, which was handed off to @Grayson Graham and he's been doing an incredible job building on it. (I'm originally from Redding, CA and due to the fires, etc. I may be going down to do some work there too, while my son is now licensed in OR , allowing us to work both markets! )
- Karen Margrave
Most Popular Reply
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Great story @Karen Margrave!
I've been learning as much as I can about REI and have been back an forth on strategies... My current situation is difficult. I've been looking in the Midwest for cash flow properties, but lately have been toying with the idea of building SFR from the ground up with hard money. The prices here are crazy though and I don't know how profitable that would be.
I have plenty of experience in new construction as a painting contractor and assistant project manager for a custom builder here in Bend. Let me know if I could help in any way!