So….I Took My Own Advice….it is a good time to buy!!!

Filed Under buying or selling a home, buying or selling a home in Portland Oregon, mortgages · Tagged: , , , , ,  

I definitely took my own advice:  I just purchased a new investment property with a partner and we are undertaking the daunting task of renovating!  The new duplex (3 bedrooms/1.5 baths each side) is located between the existing, trendy and very “HOT” area of North Mississippi and the newly evolving North Williams Corridor (a block from the yummy “PIX” sweet spot and the 5th Quadrant/Lompoc).  OKAY…now it looks a bit “institutional” and (possibly) boring!  But, the area is transforming and our eyes may be bigger than our pocketbooks, but big plans are abounding!!  Thus far we have ripped up the ugly vinyl tiles to expose original hardwoods (on the main AND upper floors).  These floors will be refinished this week.  YIKES!  Taking up vinyl tiles is not a pretty job (as the glue used to secure those ugly little squares is hard to get off the wood).  So, now we’ve added a back fence.  I’ll buy new exterior & interior paint tomorrow.  We will replace kitchen sinks & add hardware, replace bath & kitchen flooring and add faucets, etc.  Simple details like new doorknobs, electrical outlet covers and other details will make an incredible difference.  More to follow, I’m sure!  Just know I’ve both sold another investment property and purchased a new one in our present marketplace (within the last month).  I’m not kidding when I say “I feel your pain” regarding what our market will bear on the sale of your property and I understand what it takes to get a loan for new property (ouch!  Way to make a girl sweat who has excellent credit AND a history of investment properties)!  You are not alone!

August 10, 2009 by jackson : No Comments

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