Rethinking the plan

All of this horrible economic news is making me really nervous.  So I’m rethinking my strategy (again).  May just shift out of real estate over the next year or two and/or do only one project at a time that I’m personally financing.

I’m not feeling as comfortable with risk now as I did in my old life.  Hoping I can move some finished and investment properties.  Got 3 for sale right now, including:

Avondale property at 4353 2nd Ave S. that needs a complete rehab (asking 26,000),

East Lake rental unit @ 6511 3rd Ct. South that currently fetches $675/mo and is professionally managed.  Needs no repair.  All hardwoods and tile.  2/1  (asking $47,000, nice cash flow opportunity.  Tax value is 61,000).

Crestwood Tudor 2/2 renovated with beautiful hardwoods, new kitchen, baths and interior paint.  1 block from Crestwood Park.  Great street.  5031 8th Terrace.  (asking 169,900; great price for the neighborhood, tax value is 174,300).

All of these are on the MLS in Birmingham.

Advertisements

1 Comment

  1. sharron said,

    October 29, 2008 at 6:55 am

    Hey Chris,

    Sounds like you are using some clear thinking to navigate through the rough waters. Just wanted to let you know I’m thinking of you and your family right now. Wonder what y’all are doing for Halloween?

    Be well,
    Sharron


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: