Blog Stories PLEXES: The Next Step in Real Estate Investment -- OR -- A Start?

PLEXES: The Next Step in Real Estate Investment — OR — A Start?

By Teri Toombs, April 8, 2018

Single Family Residences (SFR)

Condos

Attached housing/townhomes

Rural properties

Raw land and vacant lots

Multi-family housing (Plexes)

I’ve sold ’em all.

Different types of properties offering different challenges and rewards.

But I LOVE a plex.

For first-time buyers, choosing a duplex purchase enables them to build equity quickly. They live in one side and their neighbors pay rent towards their mortgage. The key to success here is choosing a high appreciating neighborhood with a property that won’t overwhelm your budget with needed repairs. Throw in some sweat equity and double the returns.

For investment clients who own several single family homes, shifting from SFR to a Plex is a chance to leverage multiple SFR rentals into a single property, offering higher income potential, less maintenance, repairs, and expenses than carrying the same number of SFR’s. This is the perfect opportunity to utilize a 1031 Exchange to defer taxes indefinitely and keep your money in your pocket today.

Are you plex curious? Give me a call.

Teri Toombs

Principal Broker, ADU Specialist

Meet Teri Toombs Living Room Realty’s Longest Serving Agent. Living Room Realty’s First Managing Principal Broker. Previous jobs: Loader Operator, Produce Worker, Operations Manager. Parkrose Grad and U of O Architecture School student. Built and lived in a cabin in the woods for 7 years. Spent youth skiing the mountains and rivers of Oregon. Lifelong love of swimming continues to current day. Soft-hearted boot strapper. Fierce client advocate. Fair negotiator. Well-versed in multi-offer situations. Focused on building and growing generational wealth. Committed to home ownership for all. Born in Portland, knows Portland. Serving buyers and sellers since 2003. Lives in a Ladd’s Addition Ranchalow with long time love Persephone and best dog Devo.  
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  • T: 503-522-1691
  • ttoombs@livingroomre.com

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