People ask me, “How do you make money and not lose it?” First of all, you need write down what your needs and wants for your investments are. Do you plan to hold the property for a long time while renting it out to a tenant? Are you looking for a fixer that you can fix up and sell in 6 months or rent out? Do you want to own commercial property or a multi family housing unit? There are lots of questions that need to be asked before you jump into any investment. Are you an out of town buyer that doesn’t know the area? Some agents will just find you a house that is a deal. Afterward, you find out the mortgage is $1300 a month and the rents in the area are only $700 a month. Wow, are you are going to be in trouble with your CPA!! Even an in-town investor can have trouble from time to time deciding what they need or what they want. A good Realtor will know the difference and will help you put into writing what your long term goals are. If you have any questions about Real Estate investing in Oregon or SW Washington feel free to contact me anytime.
Todd Clark – broker
Kastings & Associates
(503)524-9494
IFoundYourNewHome.com
YourLifetimeAgent@Yahoo.com
Sunday, January 22, 2006
Monday, January 16, 2006
Things that you should know before relocating
If you are moving from one state to another state toyou may want to look up , a “Salary Calculator”. (I have one you can go to under Buyers on my home page) A salary calculator will take what you make in your city and state and tell you how much you will need to make in Oregon or SW Washington to be living at the same level you are currently used to. Let us say your company offers you a $20,000 raise to move to Oregon or SW Washington and work here. You and your family get really excited about the move until you get here and find out that you needed a $30,000 raise just to remain at the same level you were at in your previous state. But in some cases a $20,000 raise maybe equivalent to a $40,000 raise because the cost of living is so much cheaper here in Oregon. You just need to be careful and talk to a Realtor in Oregon / SW Washington to make sure that the offer from your company really is a good deal or not. In some cases we have people move from one state to Oregon or SW Washington and do very well. These people are able to sell their home in their state, buy a larger home here, and then still have enough to invest in a rental property as a security net for their future. Feel free to call me or e-mail anytime with questions or comments.
Todd Clark – broker
Kastings & Associates
(503)524-9494
IFoundYourNewHome.com
YourLifetimeAgent@Yahoo.com
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