By Living Room Realty, June 4, 2019
Our client, Kelly, came to us 4 years ago as she was just starting her plumbing apprenticeship. She knew Portland probably wasn’t her forever home, but she knew she’d have to be here for at least 4 years. She pulled out her savings and scoured the market for a cute small house in the not yet blown out neighborhood of Foster Powell.
In the short time she’s owned it, a community garden went in a block away, several cool restaurants and coffee shops, and they built a bike lane on Powell to slow the traffic. Her mortgage was affordable enough that she was able to host refugees through Catholic Charities without having to charge them rent.
Now 4 years later, she’s a licensed plumber and wants to take off to Antarctica to scuba dive for a year. She spruced up the paint and yard and listed it this spring. Multitple offers came in and she made $80k over what she bought it for.
I can’t stress enough how real estate is, in my opinion, the best tool for the working class. It can create awesome rewards for short or long term investments and provide security for your future. If you have to pay rent anyway, why not pay yourself? There are several programs right now to assist with low down payments. Call me if you want help getting on a path to home ownership. Love to help!
