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Updated over 5 years ago, 07/08/2019
Making a living from house flipping, one house at a time.
Portland, Oregon is getting more and more tough to find good deals in the REI space and the market is, as we all know, seems to be going toward shaky times. I have been flipping as a side hustle for the last couple years and I am looking to leave my job here in the coming months and focus on adding structure to my REI LLC, Coast to Coast Partners and Property. My question is this, does anyone have experience with leaving their job to flip homes in this market as of recent? I know it was very possible in even very recent years past but the PDX market for buying off market properties seems to be getting more and more stringent to find good deals. My thought is that me being able to put 100% of my energy into the project will save money on its own. I would be working on the home full time but don't trust myself with high skilled work so there is quite a bit of subs that I hire and I have a contractor who acts as the project manager. I take on the GC, back office and a lot of the odds and ends of the project as well as a lot of the grunt work. My finances allow for a purchase of one home at a time without over leveraging myself. I know and am interested in working with partners so if you live in the area please do reach out but my reason for writing on the Forums today is to gain perspective on if its still possible to make the jump to REI in PDX full time in 2019.
Thank you in advance for any insight.