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Old 03-26-2019, 11:58 AM   #10 (permalink)
Ecky
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My two points of concern:

1) Actually getting financing for the place, and

2) How to sell a huge house in a not particularly great neighborhood.

I don't know how the market is in Oregon. Vermont's real estate market is hot hot hot in Chittenden County, but even here that place would be a tough sell. Nobody wants a 6 bedroom mansion in a crummy neighborhood unless it's going for a fraction of its worth. I expect the places to be able to renovate and then make a profit on are going to be the smaller houses with some convenience in their location.
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