Blog :: 07-2018

Open House Update :: August 5

The first week of August is already upon us; how time flies. We're looking forward to enjoying a much needed weekend. Whether you're stopping by a new vintage store or enjoying the day outside with friends, don't forget to stop by and visit us for two open houses (one newly listed!) this Sunday. We can't wait to see you out there!

8955 N Clarendon, Portland  (map/directions); Price: $525,000
Open House: Aug 5 (Sun), 1-3p

This impeccably maintained 4-bedroom, 2.1-bathroom home is just blocks from parks, New Seasons market, and downtown St. John’s. It features ample bedrooms, a den, beautifully designed bathrooms, an attached garage, and plenty of storage space. The open living and dining areas include walls of expansive windows, allowing you to truly appreciate the sophistication and loveliness of the Sean Hogan-designed, low-maintenance landscaping. Make meals and entertain indoors in your beautifully-appointed kitchen with quartz counters and gourmet range, or outdoors on your covered patio or deck. Experience both the ease and grace of living in this gorgeous home. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); NEW PRICE: $465,000
Open House: Aug 5 (Sun), 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

 

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Our summer goal is to reach 100 YouTube subscribers! Help us reach our goal by subscribing here. Don't forget to turn on the notification bell to get all the updates!

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

Follow us on facebook and instagram to learn about our upcoming open houses
facebook // instagram // pinterest // twitter // youtube 

How to Buy Your First Investment Property

How to buy investment property

How to Buy Your First Investment Property

This week, we're answering questions and talking about how to buy your first investment property. Investment properties can be a great asset and a way to generate passive income if you’re willing to commit the time and money to it. It’s important to know what to look for in an investment property, how to use financial leverage, and the differences between a second home and an investment property.

What to Look for in an Investment Property

The biggest factor to consider is the neighborhood and accompanying amenities. Finding a good area, close to schools, shopping, and transportation will ensure you have long-term tenants. Something to be think about is purchasing fixer-uppers. In terms of what to look for in an investment property, fixer uppers can be a great way to start building equity. However, it helps if you have previous experience with the process and that you’ve taken the time to get numbers for the costs of repairs. I’ve also found it helps to have backup funds, just in case the repair bids increase.

What is Leverage?

When researching what to look for in an investment property, leverage is crucial step in the process. Leverage is how much money you borrow to finance an investment property, compared to the property’s worth. By using leverage, you’re able to purchase higher-valued properties and appreciate more over time. There can be an exceptional increase in equity once you’ve leveraged your property. To calculate your leverage, you divide your investment property financing amount by the property value.

For example, if you have $50,000 in cash, you can:

  1. Buy a $50,000 investment property, which is 0% leverage.
  2. Buy a $100,000 investment property, use your $50,000, and borrow $50,000. This equals a 50% leverage.
  3. Buy a $200,000 property using the $50,000 on hand and borrow $150,000, which equals 75% leverage.

If property values increased by 7% this year, you would make:

  1. With option 1, your property value is $53,500 and your net gains is $3,500.
  2. With option 2, your property value is $107,000 and your net gains is $7,000.
  3. With option 3, your property value is $214,000 and your net gains is $14,000.

Differences Between an Investment Property and a Second Home

It’s important to realize the main differences between a second home and an investment property. Investment properties are primarily purchased to generate income, save on income taxes, and revenue gained from appreciation in the property value over time. A second home could be a vacation home you live in for periods of time during the year or an Airbnb home you rent as a host, which we talked about last week. If you don’t live in a house on a semi-regular basis, lenders consider it an investment property.

If you're considering starting the process of purchasing or have questions about to what to look for in an investment property, give me a call! I’m always happy to answer your questions.

Don't forget to check out tomorrow's Facebook live video on how to buy your first investment property, at 3p this time!

Open House Update :: July 28 & 29

It's hard to believe July is almost over. It seems like we were just celebrating the Fourth of July and now August is upon us. However, we know every new month opens the door to new opportunities. Speaking of opening doors, we are hosting open houses this weekend at these four gorgeous homes. See you out there this weekend!

4724 NE Buffalo St, Portland (map/directions); Price: $400,000
Open House: July 28 (Sat),11a-1p

This bright 4-bedroom, 1-bathroom Cape Cod home is in NE Portland's Woodlawn neighborhood and close to Dekum Triangle's cafes and pubs. The refinished hardwood floors and large picture windows fill the space with light while the built-ins add charm. Upstairs, you'll find a master bedroom and bonus room, waiting to be transformed into a movie room or a quiet reading nook. The large basement is perfect for storage or to finish as a family room. (Listing by: Claire Paris)

3510 NE 19th Ave, Portland (map/directions); Price: $600,000
Open House: July 29 (Sun),1-3p

This lovely 4-bedroom, 2.1-bathroom Alameda home has a lot to offer, located near schools, cafes, and restaurants. Step into the living and dining rooms to a wood-burning fireplace, expansive windows, and gleaming hardwood floors. The bedrooms of the main house are spacious and inviting. The attached ADU is completely separate and comes with a full kitchen. The basement is ready for your personal touches, perfect for hosting guests or for a new bonus room space. (Listing by: Claire Paris)

4724 N Missouri Ave, Portland (map/directions); Price: $475,000
Open House: July 29 (Sun), 1-3p

Details: This spacious 4-bedroom, 1.1 bathroom home is close to Mississippi District's cafes, shops, restaurants, and more! Well-appointed and remodeled with large picture windows facing west, charming built-ins, and hardwood floors gleaming with light. With an easy flow from inside to the deck and backyard, it's ideal for entertaining in these long summer nights. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); Price: $465,000
Open House: July 29 (Sun), 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
facebook // instagram // pinterest // twitter // youtube 

 

 

Open House Update :: July 22

We're gearing up for the weekend the only way we know how, by making plans to spend time with friends and afterwords, maybe we'll stop by the local farmers market to find our next dinner inspiration. And, of course, hosting open houses at these five incredible homes (three of which are newly listed!) Don't forget to drop by and visit us!

4724 NE Buffalo St, Portland (map/directions); Price: $400,000
Open House: July 22 (Sun),1-3p

This bright 4-bedroom, 1-bathroom Cape Cod home is in NE Portland's Woodlawn neighborhood and close to Dekum Triangle's cafes and pubs. The refinished hardwood floors and large picture windows fill the space with light while the built-ins add charm. Upstairs, you'll find a master bedroom and bonus room, waiting to be transformed into a movie room or a quiet reading nook. The large basement is perfect for storage or to finish as a family room. (Listing by: Claire Paris)

3510 NE 19th Ave, Portland (map/directions); Price: $600,000
Open House: July 22 (Sun),1-2p

This lovely 4-bedroom, 2.1-bathroom Alameda home has a lot to offer, located near schools, cafes, and restaurants. Step into the living and dining rooms to a wood-burning fireplace, expansive windows, and gleaming hardwood floors. The bedrooms of the main house are spacious and inviting. The attached ADU is completely separate and comes with a full kitchen. The basement is ready for your personal touches, perfect for hosting guests or for a new bonus room space. (Listing by: Claire Paris)

4724 N Missouri Ave, Portland (map/directions); Price: $475,000
Open House: July 22 (Sun), 2-4p

Details: This spacious 4-bedroom, 1.1 bathroom home is close to Mississippi District's cafes, shops, restaurants, and more! Well-appointed and remodeled with large picture windows facing west, charming built-ins, and hardwood floors gleaming with light. With an easy flow from inside to the deck and backyard, it's ideal for entertaining in these long summer nights. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); Price: $475,000
Open House: July 22 (Sun), 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

8131 SE 16th Ave, Portland (map/directions); NEW Price: $450,000
Open House: July 22 (Sun), 1-3p

Details: A charming bungalow awaits you in Sellwood! This 3-bedroom, 2-bathroom home is just blocks from New Seasons, the Spring Water Corridor Trail, as well as neighborhood cafes, shops, and restaurants. The shared living spaces are bright and filled with natural light, thanks to hardwood floors and large, open windows. The outdoor patio and lawn will make summer entertaining a breeze, while the detached garage with driveway parking, offers plenty of space for your storage and outdoor gear. (Listing by: Claire Paris)

 

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
facebook // instagram // pinterest // twitter // youtube 

Open House Update :: July 7

Now that the Fourth of July is over and all of the patriotic celebrations have come to a close, we are ready to tackle the next project that comes our way. This Saturday, we're in Sellwood for an open house. We look forward to seeing you!

8131 SE 16th Ave, Portland (map/directions); NEW Price: $450,000
Open House: July 7 (Sat), 1-3p

Details: A charming bungalow awaits you in Sellwood! This 3-bedroom, 2-bathroom home is just blocks from New Seasons, the Spring Water Corridor Trail, as well as neighborhood cafes, shops, and restaurants. The shared living spaces are bright and filled with natural light, thanks to hardwood floors and large, open windows. The outdoor patio and lawn will make summer entertaining a breeze, while the detached garage with driveway parking, offers plenty of space for your storage and outdoor gear. (Listing by: Claire Paris)

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
facebook // instagram // pinterest // twitter // youtube