Blog Bungalow House Hacking in Portland: How Jason Found His Perfect Investment Home

House Hacking in Portland: How Jason Found His Perfect Investment Home

By Will Sing, September 19, 2023

Let me share with you a heartwarming story from my recent adventure as a buyer agent, helping out my client, Jason, in the vibrant and competitive Portland real estate market.

The Quest for the Perfect Investment Property

Jason had a clear vision: find an investment property under $400k where he could not only live but also house hack. Now, you might be wondering, what is house hacking? It’s a savvy strategy where you live in one of the multiple units of your property and rent out the others, effectively reducing or even eliminating your housing costs. In Jason’s case, we were finding a single-family home for him to rent out multiple rooms.

In the bustling Portland market, finding a home in this price range meant facing stiff competition. But Jason had a secret weapon – his background in construction. He was ready and willing to roll up his sleeves and turn a fixer-upper into a dream home.

The Hunt and the Happy Find in North Portland

Our journey took us all around Portland, putting in several offers, and keeping our spirits high. Jason’s patience and determination paid off when we found “the one” in North Portland. Despite competing against four other offers, we came out on top, a testament to Jason’s vision and our strategic approach.

Navigating the Transaction with Expertise

Entering the transaction phase, we discovered a few hiccups — issues with the home that needed addressing. But guess what? They were manageable, and we tackled them head-on. From getting the seller to decommission an oil tank found during inspections to negotiating a sweet deal where the seller covered a whopping 11k in closing costs, plus adding a home warranty for that extra peace of mind.

A Happy Ending and a New Beginning

Fast forward to a month later, and we were at the closing table, all smiles and ready for Jason to start his new chapter. Now, with keys in hand, he’s busy adding not one but potentially two additional bedrooms, a move that could skyrocket the home’s value by over $50k.

Here is what Jason had to say about the Experience:

Will went above and beyond to help me find the right home for my budget. The home search, buying, and closing process was executed perfectly. I am confident that Will’s personality, local knowledge, and understanding of the client’s needs would be a perfect fit for anyone looking to purchase property. He went above and beyond gathering repair quotes from multiple contractors, negotiating closing credit, and handling the coordination between my lender, escrow, and my self. I will defiantly be reaching out to Will in the future for my next property purchase.

Ready to take the next step in your home-buying journey?

Feel free to reach out to me for personalized guidance and expertise. Whether you have questions or are ready to find your dream home in Portland, I am here to assist you every step of the way.

📞 Call Now – 503-303-0822

📧 Email Me – hello@agentlivinginpdx.com

Will Sing

Broker

He/Him

William is a Portland native who graduated from Portland State University with a bachelor’s degree in biology. After exploring different career paths, he found his true passion in real estate, where he has since been empowering clients through education and personalized guidance. With a rich background in construction and extensive experience in investment properties and property management, William leverages his expertise to help clients make informed decisions that align with their financial and lifestyle goals. As a real estate professional committed to integrity and empowerment, William focuses on providing value-maximizing solutions for home sellers, personalized assistance to home buyers, and strategic insights to investors, aiming to enhance their potential in the real estate market. His approach is deeply rooted in building lasting relationships and fostering a community-centric business. When not navigating the complexities of real estate, William is an avid learner who enjoys listening to audiobooks, swimming, and spending quality time with his wife and their two German Shepherds. To discover how William can help you achieve your real estate goals, visit his website or schedule a consultation to begin crafting your strategy for financial stability and success.
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  • T: 503-303-0822
  • will@agentlivinginpdx.com

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