Economic Timing.According to data compiled by Marcus & Millichap[2], the Portland area has experienced three very important trends since 2010:The average price per unit for apartments has nearly doubledThe rate of employment growth rose from 2010 to 2015 but has since declined steadily, projected to be up 1% for 2020 (estimated before COVID-19)Roughly 30,000 apartments have been built since 2010, with another 5,600 units slated for construction in 2020Most RHA members have enjoyed a solid decade of price growth, rent growth and steady occupancy.

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.

The problems with the project mostly stemmed from the crawl space work, which required shoring, replacing structural members, leveling floors and insulation. 

For those of you actively working on fix-and-flip projects, particularly in dynamic markets like Houston, I’m curious about your approach to navigating today’s challenges.

Also I’m curious, though: do you have strategies you rely on to keep projects on schedule, especially with contractors?

If not fixed I have seen people sell for double what the work is because they need to take on the project once closed. 

Being that my business is brand new, do I project business profit when they ask for the annual business income? 

I'm currently working on a project there and have shared my knowledge about the country here too.

It will undoubtedly cost far less than giving up project upside. 

I've been using QB for the last 2 years for Project Tracking on my rehab flips.