indeed smart investors are on the gorund.

Those deals are gone quickly. 2 months ago there was a better deal. 6 4-plex, 24 units for 1.1M, mix of 2-beds and 3-beds. 200K down, seller financing with 5.5%. It was sold in 2 days.

I found apt complex less attractive currently. At least 40K per door. At the same price, I can easily get a SFH of 1200 sqft with a higher rent. Therefore, I am focusing on HUD/Fannie properties. Recently I have a realtor join my team; he is a member of our State House of Representatives. I will see how he is performing to get properties from banks.

所有跟帖: 

44k/door is high to me, how much avg rent? -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (42 bytes) () 12/02/2011 postreply 04:42:53

$550 -sweetptt- 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (0 bytes) () 12/02/2011 postreply 08:32:32

not worth the effort -planotx- 给 planotx 发送悄悄话 (237 bytes) () 12/02/2011 postreply 09:08:07

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