01-31-2004, 05:42 AM
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Let's do some business.
Industry Role:
Join Date: Jan 2003
Location: The dirty south.
Posts: 18,781
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Quote:
Originally posted by Flow
If you city is like mine, rental houses last about 15 seconds from when they hit the market. I would buy a couple of houses that needed a bit of work (so you can get a good deal), have them fixed up to the point they are nice enough for some mom/wife to say she would like to live there, and then rent them out. This would give you a constant stream of income being as the houses are paid for.
If you buy 3 houses for a total of about ($150,000 each) $450,000, and rent them for $1000 a month each, you have a monthly income of $3000 for the rest of your life (or whatever that would go for in your city). In about 12 years, your investment will have paid for itself, and assuming 3% inflation, would be worth about $650,000 - a $200,000 profit.
Flow
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I have an investment that would return your money in under 2 years. Sucks because I don't have a million to drop into it.
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"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."
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