Tag: Investment properties

Buckman Neighborhood 1900 Craftsman Duplex

Posted on by Living Room Realty

Portland’s new Residential Infill Project ( RIP ) regulations are opening up fabulous investment opportunities throughout the city.

I am so happy that I was able to help Alex purchase this fabulous 1900 Portland Classic Craftsman duplex in the historic Buckman neighborhood close in on the SE side of Portland.  It features side by side 3 bedroom units with a potential for 2 additional units in the basement.

An ideal investment property for an owner occupant, it has one unit that is fully renovated and ready to move in.

The historic Buckman neighborhood is a fantastic location, close to The Matador, Screen Door, Laurelhurst Park, downtown, + more!

Leap of Faith!

Posted on by Erika George & Kari McGee

 

KUDOS to Bill and Sara for closing on this property with HUGE potential.  Bill was on his way to pick up his son from golf lessons when he stumbled across three adjoining properties for sale.  Bill immediately saw the potential and called his wife Sara.  Well, actually first he called us, and then he called his wife, Sara, but he sounds like a much better husband the first way.  We were able to help him get an offer accepted right away (despite multiple offers from other buyers — beginners’ luck!).

 

Bill is “two thumbs up” excited!  Sara?  Maybe a tepid one thumbs up, but she is taking a leap of faith and believes in Bill’s vision.  We know that this property will shine when they have completed their vision.  We are looking forward to seeing the end results.  Does this all sound a little vague and mysterious?  Well, that’s because the first rule of rehab club is . . . . Well, you know!

 

Are you looking for inspiration?  Have dared to let yourself dream about investment opportunities?  We want to help make your most daring dreams come true.  Call us!

Selling a Home with Tenants that are Uncooperative

Posted on by Living Room Realty

Nothing says “don’t buy me” more than a rented listing with tenants that are grumpy, uncooperative and live like slobs.  If there is a chance to list a property as VACANT, before you re-rent and allow new tenants to move in, sell it as vacant.  If your tenants are uncooperative, it may be better to offer them an early release from the tenancy and pay their moving costs.. Some tenants prefer to choose the timing of their own move over the uncertainty and disruption of the sale process. You will be missing out on the rental income, but you might be able to sell for a higher price with the property unoccupied and staged with nice stuff.

 

It might be a win-win for both sides.  Let’s face it; most tenants facing the sale of their ‘home’ are likely to be less than happy about the process. An unhappy tenant can cause some serious grief for you and your agent, potentially hampering the sale process and impacting on your profit.

 

Sell it when it’s VACANT.