All Forum Posts by: Ed Allen

@Neal Collins We are willing to have some significant work done if the neighborhood comps support a high enough ARV. My daughters are not able to do much work themselves. I prefer being in a better neighborhood like Sellwood with good values than out in the more affordable areas.

@Jay Hinrichs Thanks for the offers. The duplexes sound interesting. Can you give a ballpark cost?

@Marcus Mathews 

Thanks! I like the ADU idea though it is much more complicated to find an architect, contractor etc from long distance. Thanks for the agent referral!

Hi all,

After trying to do this in Denver for my nephew, I am now braving another hot market in Portland to find a place for my 2 daughters who just graduated and live there.

Prefer a close-in SE Portland (love Sellwood) cosmetic fixer duplex but could also use SFR with basement that would be rentable. I understand that making a rental profit is hard but I am more interested in appreciation and since I have to help them with rent anyway it will be a win-win.

Please send ideas and referrals for agents to Help!\

Thanks much

Thanks Matt for your advice, much appreciated. I guess if I put some money into rehab a reasonable deal might be to split profit after we sell later.

Kevin Thank you. I must be looking in the wrong places. Where can I find a list of these duplexes?

I need some input - Here's the issue:

I want to buy a property in Denver (I know it's late) both for my own investment and to help my nephew get started. I had wanted a duplex but there aren't really any.  Do I - ?

1. Buy an SFR and add ADU or try to find a splittable lot and build two or a duplex? Not sure I can swing the financing for this...

2. Help him buy it for 5% down - What is best way to structure this kind of arrangement?

Thanks for any help!