(Watch the YouTube video of this episode here)

In this episode of the Furlo Capital Real Estate Podcast, we share a detailed account of our journey with a fixer-upper property on 1st Avenue. We discuss the initial purchase process, unexpected challenges, and the eventual profitable sale. We highlight the importance of wise investing, even in less-than-ideal properties and neighborhoods.

// Key Moments

• 00:00 Introduction to Furlo Capital Real Estate Podcast
• 01:55 First Avenue Property Purchase Story
• 04:07 Initial Impressions and Purchase Details
• 06:07 Living in the Fixer-Upper
• 10:04 Challenges and Solutions
• 11:34 Turning the House into a Rental
• 13:04 Investment Performance Breakdown
• 15:06 Selling the House
• 16:55 Current Projects and Reflections
• 21:34 Final Thoughts and Outro

// Key Lessons

1. Check the listing twice before swiping past: The most unassuming properties can hide significant potential, like the moss-covered, pink-eyesore that became a cash cow.
2. The ‘fixer-upper’ strategy doesn’t always mean fixing everything: Sometimes, the goal is simply to live cheaply—don’t confuse a property’s aesthetics with its financial utility.
3. Not every investment needs to be flashy to be profitable: A humble two-bedroom with shag carpet and a funky garage can yield massive returns if you play the market right.
4. Don’t underestimate the impact of neighborhood transformation: Investing in a rough neighborhood can spur revitalization and bring long-term community improvements.

// Let's build your wealth and improve housing, together.

I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing.

Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights.

👉 Join our investor club: https://furlo.com

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✝️ Are you a Christian thinking about investing in real estate? https://furlo.com/christian-investor-ebook

// Disclaimer

Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.