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
所有跟帖:
• No money down? -montavista- ♀ (698 bytes) () 11/30/2007 postreply 10:56:43
• DDDDDD! -小小石头- ♂ (0 bytes) () 11/30/2007 postreply 11:01:20
• ddd! -芦苇葱葱- ♀ (0 bytes) () 11/30/2007 postreply 11:21:17
• No money down?-- Yes! Even cash out at closing. -va_landlord- ♂ (936 bytes) () 11/30/2007 postreply 11:21:49
• 不愧是领导,利害利害 -抛玉引砖- ♂ (0 bytes) () 11/30/2007 postreply 11:23:30
• MG, 这BZ太有才了。PFPF. -JR98- ♂ (0 bytes) () 11/30/2007 postreply 18:33:26
• 厉害啊 -dukejas- ♀ (0 bytes) () 12/01/2007 postreply 22:09:15
• Couple of considerations -miat42- ♂ (505 bytes) () 11/30/2007 postreply 10:58:42
• Reply- I haven't fully explored the deal yet -va_landlord- ♂ (1056 bytes) () 11/30/2007 postreply 11:17:58
• regarding property management -montavista- ♀ (459 bytes) () 11/30/2007 postreply 11:26:51
• Hmm! I need seriously talking with the seller -va_landlord- ♂ (63 bytes) () 11/30/2007 postreply 11:29:45
• Act now! Get the property under contract -montavista- ♀ (127 bytes) () 11/30/2007 postreply 11:32:34
• Prop management cost is a big wild card -miat42- ♂ (0 bytes) () 11/30/2007 postreply 11:32:04
• nod nod 还有很多未可知的维修费用 -芦苇葱葱- ♀ (0 bytes) () 11/30/2007 postreply 11:35:14
• No Growth Potential That's Why It's Cheap -ryanx30- ♂ (67 bytes) () 11/30/2007 postreply 12:38:14
• Vacancy and "renter default" rate -mnosense- ♂ (0 bytes) () 11/30/2007 postreply 12:47:40
• 总的看,DEAL不错,但你要想到正轨操作还是非正轨操作. -thornbird888- ♂ (258 bytes) () 11/30/2007 postreply 12:55:15
• Vacancy 10%, Property management 10% -cultuslake- ♂ (270 bytes) () 11/30/2007 postreply 16:50:13
• agree. -thornbird888- ♂ (0 bytes) () 11/30/2007 postreply 17:01:18
• Bad idea -start111- ♀ (905 bytes) () 11/30/2007 postreply 18:14:29
• totally agree. -thornbird888- ♂ (0 bytes) () 11/30/2007 postreply 19:27:34
• everything is learning. -thornbird888- ♂ (0 bytes) () 11/30/2007 postreply 19:38:42
• 好好学习, 天天向上. -山高月小- ♂ (14 bytes) () 12/01/2007 postreply 22:32:00