All Forum Posts by: Matt Good

There was recently a distressed 4plex on the market in Portland - needed new roof, had water damage, older kitchens, needed new drywall.  In the Hawthorne area.  Sold for $500,000.  

Ugh! The Hawthorne district! I can totally see that and what a killer ROI!

I'm specifically wondering if it's more profitable to go knocking on doors and avoiding what's already gone public altogether? I can only assume that EVERY Investor and their Mother would not only be lining up at the doors, but willing to pay more just to land a project hence a listing being "overpriced" ...

Thoughts?

In Dallas, it's a sellers market. Inventories are extremely low so if buying a home to flip, you're ARV's can be a bit higher than comps depending on the updates you do as homes here are getting multiple offers. I have my home on zillow as a "make me move" and getting many calls from agents wanting to know when we'll actually put our house on the market cause they have a large buyers list ready to move to my city.

It's definitely a seller's market here in Portland, OR with low inventory as well. That's a good point about the ARV's being inflated too!