WaBenzer's blog

Prop #2: Well established uptown community heart of action! Three fixer cottages on one parcel, plus 3 one-car garages in alley access. Looks like two notes totaling $500k. The subordinate looks private for $250k. Attorney involved. Comps are around $800 at first glance. Needs $60k improvements.

Got several properties I'm considering. So busy, I can't blog much, and I'm confused by blog vs. journal.

Prop #1: Two buildings 3,000+ sqft, 12 parking spaces, light industrial/gen. contractors, $315k first note variable signed 2004, offer came down $100k+ from $550k+ in a year. $410 is now mentioned by agent. Area is in well-established heart of local community. Revitalization project of several blocks beginning fall 2011 immediately adjacent to this parcel. Established tenants affected are being relocated by city funds. Headed there now to chat with them and see if they need a new "home."