Have you ever thought about buying a fixer-upper and turning it into an investment property? It’s a common goal for many buyers across Camas, Vancouver, and Portland. But before you dive in, it’s important to understand what’s really involved—especially if you're thinking about resale or long-term rental income.

Fixer-uppers can come with a lower price tag, but they also come with layers of risk. Start by identifying what kind of repairs the property needs. If the scope of work exceeds your skill level, bring in professionals. Electrical, structural, and foundation issues in particular should always be handled by licensed experts. And don't forget about safety inspections—these are critical when purchasing any home in need of significant repair.

Setting a realistic renovation budget is just as important as the purchase price. Factor in labor, materials, permits, potential delays, and market shifts. If your goal is to flip the home for a profit, keep in mind that market timing, capital gains taxes, and resale competition all play a role in your return.

If you’re leaning toward buying and holding the property as a long-term rental, the strategy shifts. You'll need to think about rental demand in your area, the cost of property management, and what types of upgrades will attract long-term tenants.

Whether you're shopping in Camas, Vancouver, or Portland, work with a knowledgeable real estate advisor like Jamie Meushaw—a top Realtor licensed in both Washington and Oregon—who can guide you through every step. Jamie Meushaw has worked with countless buyers on investment-focused purchases and offers insight into local market dynamics, available financing options, and local contractor referrals.

Looking into fixer-uppers in Southwest Washington or the Portland Metro area? Reach out today for a strategy call that fits your investment goals.

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