Tuesday, March 6, 2012

A Home in Newberg Oregon





We are driving 3 hours tomorrow to look at this home. It looks really nice online, and we are hoping that it will be good.  Rentals and apartments in the Portland Oregon area are sky high, with only a 2% vacancy. Nicole and Bryan are living in a nice apartment, but the rent keeps going up, up, up.


The idea here is...purchasing a home with our credit. Then, they live in it and make the payments, etc. This will be less than the rent they are paying. Sometime in the future, they will get a loan and purchase from us. The theory is that we will help the kids now, when the need is greatest.


This home is fairly new, and we think that it will be a good investment property. It backs to a greenbelt with a small creek, on the city growth boundary. It would be a long time before the city might look into going outside the current boundary. That fact appeals, that there are no homes beyond.

6 comments:

  1. I LOVE Newberg! I hope it's what you are all looking for!

    ReplyDelete
  2. Years ago I lived in the Portland area - housing is hard to come by! This looks like a very cute house; hope the tour goes great! Please post pictures - would love to see the interior. :)

    ReplyDelete
  3. Hi just found your pretty blog, I shall now be following you. Hope the house hunting goes well, it looks lovely. Julie xxx

    ReplyDelete
  4. Hi just found pretty blog, I shall be following you! Hope the house hunting went ok, it looks lovely. Julie xxx

    ReplyDelete
  5. What a nice looking house! I hope things work out!

    ReplyDelete
  6. This is AWEsome that you are helping with your credit! =)

    hugZ,
    annie
    anniesrubyslipperz.ocom

    ReplyDelete

Thank you for commenting on my blog.