50 real estate investments
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I host with Vacares -
2000$ rent on a 225K$ property? My god I only could dream of property like thatOriginally posted by Oracle Porn
%50 ROI a year from real estate? that sucks.
25k is a good amount if you can get %90 financing and 25k will be the other %10...so if you an get $225k financing on a house, you buy it, you rent it for example for $2,000 /month..
you pay the $2,000/month for the mortage...
after about 5 - 10 years, even if you are not done with the mortgage you sell it...
you will probebly get more than $25k return in a year, which is more than %100 ROI.
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that is such a fucking crock of shit that only somebody that isnt in the business would say.Originally posted by Sami
an
The government has us by the balls!
Your properties appreciate, yet you claim a depreciation across all your homes. Govt. doesn't have anyone by the balls when it comes to real estate, and if you are actually in the industry and it's happening to you, then I suggest that you stop using accountants that you find in the back of sears...
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that whore is on my tv right nowOriginally posted by the Shemp
you need to hook up with Cartlton Sheets
http://www.carltonsheets.comComment
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Originally posted by Oracle Porn
%50 ROI a year from real estate? that sucks.
25k is a good amount if you can get %90 financing and 25k will be the other %10...so if you an get $225k financing on a house, you buy it, you rent it for example for $2,000 /month..
you pay the $2,000/month for the mortage...
after about 5 - 10 years, even if you are not done with the mortgage you sell it...
you will probebly get more than $25k return in a year, which is more than %100 ROI.Originally posted by sweet7
150k down?
just under 200k investment. The profit before taxes is 86K a year.Comment
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Seriously check out what is for sale in East St. Louis Illinois onRealtor.com, the zip code is 62205.Originally posted by candyflip
I've got 5 properties at the moment. 4 single family and one double family.
The singles bring in $600-700 for the entire house. And the double I get $500 per unit. I work with the Department of Social Services and they place welfare moms/families and the rent checks come from the state each month. I don't have to worry about collecting rent from deadbeats. NYS has me covered.
I paid $5k for the double unit. That is my most expensive unit to date. I got a $20k grant from the state to put into this one. The others cost no more than 3 months rent, so at this point...it's all profit. My cousin runs a management company, and he's the one that turned me on to this. I give him 10% to keep on eye on things. I just collect and cash the checks.
These houses are in the ABSOLUTE worth section of our city. My cousin has to collect rent for some of his properties and has to huge black guys that go with him to knock on doors. I don't venture down there unless I'm looking at a potential buy.
With $25K you could likely buy every house there with cash to spare for improvements.
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