I can spend an entire Saturday binge watching TV shows like Fixer Upper, Property Brothers and Rehab Addict. I absolutely love the process of taking something old and making it better than new. I have had the opportunity to do a couple of remodels in the last few years. I have learned a lot from them. For one, updating to flip vs. updating for more personal tastes are very different animals. I have found that flipping tends to be boring, albeit always better than what the home looked like before, but more cookie cutter. All counter tops are the same, all cabinet finishes the same etc. Rinse and repeat is what I see with most flips. In some cases that is important to do for the house when the market in the particular area may not justify certain tastes and most importantly the costs. No one buying these houses (many site unseen) want to sink in a bunch of high end finishes when they are trying to make a profit, so yeah I get why flippers have a formula and they stick to it.
I have always wanted to bust into the flipping game, but I am pretty risk adverse. I am not wiping my counters down with cash, but I do keep my eyes open on the market and have a few friends in real estate that keep an eye out for me. I have always said when the opportunity presents itself I am going to do it! Well that opportunity has come and I am so excited. It’s not going to be a flip (numbers just don’t add up), but rather an investment property to fix and then rent. Don’t be scared of renting. I have been doing it on my own with no property management company for 12 years now. It’s not as hard as you think, but it is work!!!
I found this little gem in Oregon (in my home town) and I am so in love. The house was built in the 1930’s has a ton of charm and is in good enough condition. It can easily be fixed up and rented to a nice family or maybe some roomies!!! Jessica and I will be fixing it up over the next 4-6 weeks and will share the journey along the way. I hope you come along for the ride, we will share my experience and tell you what was hard, what was easy and be more than happy to answer questions along the way. Just pose them in the comments section of the posts. For now, here is the outside and the backyard….I’ll post the inside when we have the before and after to show you side-by-side. Until then, please fire away at questions! We absolutely love sharing what we are learning, what we already know about remodels and design and we can also learn together how to rehab a house from the 1930s. Our hope is that you too find the motivation or the courage that you may need through our experience to give it a try!