Real Estate Investing in Eugene and Springfield
If you’re looking to invest in real estate in Eugene, Springfield, or in the Willamette Valley of Oregon, there are a number of things you will want to know.
Foreclosures are at an all time high, both for Lane County, and the rest of the nation. This is a result of many factors, including: a housing price decline, an economic slowdown, and the sub-prime lending practices that occurred up to 2008.
A 1031 exchange, otherwise known as a tax deferred exchange, is a simple strategy and method for selling one property, that’s qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame.
Eugene & Springfield is a great market for rental houses. The University of Oregon has 20,000 students, most of whom are renters. There are also many people waiting to buy a house who are presently renting.
Another form of investment is commercial property. These unique properties afford an investor the opportunity to be connected with other businesses in the area depending on who the tenants happen to be. But, there is much to know about commercial property in Lane County.
Ways to Hold Property
The different ways to hold property each have their benefits and drawbacks.