Deal or not?
It is in a remote small town without much growth potential, but the monthly cash flow can be positive.
Mortgage of $75,000, Mortgage payment is around $500 at 7% interest rate, $60 tax, $40 insurance, $50 maintenance. With $750 rent, if rented 100%, you can get $200 cash flow each month.
15 unit can get $3000 per month without out of pocket money. The seller can finance these units.
Am I too simple and naive?
Your opition is urgently needed! Great appreciation!
What about this deal-- 15 units, $75000 each, $750 rent each
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No money down?
-montavista-
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11/30/2007 postreply
10:56:43
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DDDDDD!
-小小石头-
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11/30/2007 postreply
11:01:20
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ddd!
-芦苇葱葱-
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11/30/2007 postreply
11:21:17
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No money down?-- Yes! Even cash out at closing.
-va_landlord-
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11/30/2007 postreply
11:21:49
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不愧是领导,利害利害
-抛玉引砖-
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11/30/2007 postreply
11:23:30
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MG, 这BZ太有才了。PFPF.
-JR98-
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11/30/2007 postreply
18:33:26
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厉害啊
-dukejas-
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12/01/2007 postreply
22:09:15
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Couple of considerations
-miat42-
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11/30/2007 postreply
10:58:42
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Reply- I haven't fully explored the deal yet
-va_landlord-
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11/30/2007 postreply
11:17:58
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regarding property management
-montavista-
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11/30/2007 postreply
11:26:51
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Hmm! I need seriously talking with the seller
-va_landlord-
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11/30/2007 postreply
11:29:45
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Act now! Get the property under contract
-montavista-
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11/30/2007 postreply
11:32:34
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Prop management cost is a big wild card
-miat42-
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11/30/2007 postreply
11:32:04
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nod nod 还有很多未可知的维修费用
-芦苇葱葱-
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11/30/2007 postreply
11:35:14
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No Growth Potential That's Why It's Cheap
-ryanx30-
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11/30/2007 postreply
12:38:14
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Vacancy and "renter default" rate
-mnosense-
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11/30/2007 postreply
12:47:40
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总的看,DEAL不错,但你要想到正轨操作还是非正轨操作.
-thornbird888-
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11/30/2007 postreply
12:55:15
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Vacancy 10%, Property management 10%
-cultuslake-
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11/30/2007 postreply
16:50:13
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agree.
-thornbird888-
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11/30/2007 postreply
17:01:18
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Bad idea
-start111-
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11/30/2007 postreply
18:14:29
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totally agree.
-thornbird888-
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11/30/2007 postreply
19:27:34
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everything is learning.
-thornbird888-
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11/30/2007 postreply
19:38:42
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好好学习, 天天向上.
-山高月小-
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12/01/2007 postreply
22:32:00