Now we are in 2025 and although I still own the trucking company, it has been an inconsistent pit that has technically brought me personally no profit.

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

.$8,000 would likely go away in closing costs.

Are you wanting the home covered at full replacement cost?

Asked Price $290.000Purchase Price $260.000 + Closing Costs How did you finance this deal?

We plan to pooling our money for down payment & closing costs.

A professional home inspection can help you avoid costly surprises by uncovering potential issues before you buy, renovate, or rent out a property.Key Areas an Inspection Should Cover:✅ Roof – The home's first line of defense.

This is our first investment together so we're exploring financing options.Wondering if anyone has trusted contacts in private lending/hard money who are able to fund ~$400k in acquisition cost and ~$250-300k in repairs?

Do you have an estimate of the rehab costs for just 1 of the properties and how long will it take to complete?

Over the next year, a modest 0.8% decrease is projected, indicating a potential cooling of the market.Norada Real EstateDespite high housing costs contributing to population shifts, the Portland real estate market remains resilient.