We So Crazy

I am truly an adult now. Not like this is news given that I'm 30. Over the weekend Ben & I purchased a house as an investment. We went into the deal with Ben's brother and his wife. We all own it and are going to rent it out. We already own a house that we live in, this one is just the investment.

The housing market in Portland has been growing by leaps & bounds. On average, home prices in my neighborhood have been rising by 13%! We got a great deal & I can't wait to start fixing it up. Here's some pictures. Picture the fencing/odd deck thing in the front replaced by a white picket fence, a front porch and a whole new paint job on the exterior. And if you have more suggestions, please let me know. My goal is to raise the value of this sucker.






13 comments:

ab said...

It's $215,000. 2bd/1ba 1,000 Sq Ft with no basement. Houses in the neighborhood are in the low to mid 300s right now. Score!

Anonymous said...

COUPLE LARGER TREES IN FRONT YARD WOULD HELP RESALE.......BEEN THERE

The Unprocessed Project said...

Cute! The inside looks really well kept. Some fresh paint and curb appeal and the thing will be adorable.

Those prices are outrageous! I'm surprised mpls is that much Big Dubb....I would think it would compare to KC, but we are a little less here.

The Unprocessed Project said...

I just can't believe that "normal" people can afford to live in these cities. I just don't people make much more than we make in the midwest, but the cost of living is outrageous. It doesn't really add up to me.

The Unprocessed Project said...

I meant to say I don't think people make much more. My previous post did not make sense!

Christine said...

Wow, way to go! Best of luck with your investment.

ab said...

That's why I'm lucky that I have 3 other people to go in on this with.

Unknown said...

That's part of the reason we live in good old mom's basement for a couple years before Michael starts school.Housing is just so much then you add cars,and health & car insurance,groceries ugh,it never seems to be enough...

Unknown said...

Oh, I meant to comment that your new house in so cute AB,what a smart investment.

:) said...

congratz. is it also in the SE?
pretty small for 215k...i couldnt really trell..but is it like..super nice kitchen stuff or bathroom or something? seems like..a bit..overpriced..
but then..i moved from calif..and you cant even get condos in the 400s anymore..

ab said...

Josh, it's in SE, in the Westmoreland neighborhood. It's actually the opposite, it's super cheap for the nighborhood. Everything around here is in the 300s. It's just because it's a little small and needs some work on the outside.

Kiddo78 said...

Good for you - real estate is the best investment after education, I've heard a few times. There should be another window on the same wall as that corner window...

:) said...

check this link:

http://money.cnn.com/2005/08/03/real_estate/buying_selling/pmi_riskiest-markets/index.htm