Is it a good idea to flip condos in Portland, OR?

[Ali Al-Khafaji]

Hello ALL -  My agent brought me a condo, and I have never flipped one before. I'm not sure if this is something sellable (profitable)? I'd love to hear your thoughts about it! Thank you!!

[Sergey A. Petrov]

Hi Ali

My short answer to your question as posed is very simple:

Questions: Is it a good idea to flip condos in Portland, OR?

Answer: yes

My answer would remain the same if you replaced “Portland, OR” in that question with anything else be it the US, UK, Germany, Vietnam, Mexico, Canada, India, or the North Pole. Comes down to the numbers, the nature of the deal, and whether or not you have experience and the right team around you to make it work.

Now I have a question too. I saw this car for sale on the way home yesterday. Do you think it would be profitable if I bought it, ran it through a car wash, and sold it next week?

Lots of tools and info on BP to get you started!