The investor market in Eugene is generally highly competitive when a good fixer hits the market. Usually, a fixer is defined as a home that needs some repair or updating before someone can live in it. A good fixer would be a property that the repairs and closing costs would still leave the house flipper 10-20% profit after they sell the property. If the property will cover your expenses and leave room for a profit, we call that penciling. If you can find a home that pencils in a desirable location then you have identified a great fixer. Generally when a great fixer hits the market you will be competing with multiple offers, it is important to keep a cool head when navigating these waters and remember what price it will pencil at. There are a few ways to make your offer stand out other than over bidding, work with a real estate agent you trust to explore these options.
There are risks involved when taking on a fixer project. When creating a budget be sure and have a licensed contractor look at the property and give an assessment before you assume you have all the information, also have an inspection period in the contract. Even if they are selling the home as-is you can still back out and get your earnest money back if the inspector discovers damage too costly to repair. When listing your fixer after repairs remember that homes that stay on the market too long can create a black hole in expenses, leaving you with an extra mortgage and tax payments. Work closely with a realtor to establish comparable sales in the area to ensure your property will sell quickly and at top dollar. Before making an offer on a property make sure that it has room for a profit after you subtract you expenses from the estimated listing price. Many of the fixers that go on the market don’t pencil, and you will get burned in the process. To learn more about the investor market in Lane County feel free to reach out to me and make an appointment.
A couple of friends and I decided to visit the latest restaurant to open in the Whiteaker, Bari Trattoria. We were seated immediately without a reservation, and the wait staff got our drinks and appetizers to us quickly. We ordered the Wood Fired Mixed Olives and Calamari for our appetizers. For the main course my friend Sheila ordered the Spaghetti Marinara with Meatballs, Chris ordered the Smoked Pork Ragu, and I ordered the Fettuccini Alfredo with Smoked Chicken.
We were all very happy with our meals, the chicken was was tender and filled with smoke flavor. The noodles were handmade in house and you could taste the difference! Keeping true to their name they have a great mixologist on staff that had several intriguing house cocktails on the menu.
They also have a great Tuesday night special that none of us had a chance to try 1 slice and a beer for $13. Perhaps the best part of the evening was when they brought out our bill, and even after the 4 cocktails we added to the meal our bill was only $82. Great food, great prices, great location! I will definitely be back! Click here for more info http://baritrattoria.com/
If you have never been to the Backstage Bakery in Cottage Grove you are in for a treat! I am a southern boy, and I have been looking for a long time for someone who does biscuits and gravy the right way. The Inhat Brothers have their recipe down to a T!
There menu is also loaded with other delicious items, but I drive all the way to see them when I am craving a good B&G! If you have any places that you think would compete with them please leave a comment below I would love to hear your experience!
To see a full selection of there menu click here http://places.singleplatform.com/backstage-bakery-and-cafe/menu?ref=google