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Hey Chris, thanks for the post on this duplex. I may have a client from out of state (an investor from Oregon) that might be interested. I work up a comprehensive report for him usually, so just need a few more numbers from you, like do you think this could rent out for $525/month?
How are things locally for you? I believe 2009 will see some home buying activity again, and with rates at historic lows, it's never been a better time to buy.
Thanks for the post. Best wishes to you in 2009,
Ed Bisquera, My Blog Follow me on Twitter Recent posts: 01/13/09 Real Estate Market Report | Top Sources For Home Buyers
Ed- The owner had the units rented for $500 & $550 until the end of Dec. 2008. He hasn't begun marketing for new renters yet.
I'm hoping for the best in 2009 as well as you are. I think the new administration getting into office and exposing the financial plan more and more- investors and buyers will have something to count on at least. Hopefully this brings a bit more confidence to the buying sector. I'm optimistic for the Northwest Vancouver, WA/Portland, OR markets. It seems to depend on which report you read though. I've read 3 that have contradicted one another regarding the market in the past 3 days!
Let me know if you have any other questions regarding property. The previous renters were there all of 2008.
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