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-   -   Income properties. Does anyone own some? (https://gfy.com/showthread.php?t=85857)

RedShoe 11-08-2002 08:56 PM
Quote:
Originally posted by pimplink
The Fed recently dropped the key rate by 50 basis points or .5% This lowers interest rates for mortgage lenders [although foreclosures are actually hitting 9 year records!] and makes purchasing rental property even more attractive.
9 year record lows? Or highs?

Meaning there is more? or Less? If it's more... that's what we want right? To get a foreclosed property for cheap fix it up and either rent it or sale it, right?

Our own refinance is almost done. I'm hoping we can start in on thios income property stuff soon.

pimplink 11-08-2002 09:01 PM
Quote:
Originally posted by RedShoe


9 year record lows? Or highs?

Meaning there is more? or Less? If it's more... that's what we want right? To get a foreclosed property for cheap fix it up and either rent it or sale it, right?

Our own refinance is almost done. I'm hoping we can start in on thios income property stuff soon.
Record highs, here's a link: https://www.latimes.com/classified/r...estate-selling

JasonB 11-08-2002 09:05 PM
Don't you guys ever watch late-nite infomercials?
This guy has a "No Money Down" tapes & cd series that you can buy:
https://www.carletonsheets.com

UncleJimmy 11-08-2002 09:07 PM
Sometimes I think there's more money in SELLING 'how to buy for no money down' than actually doing it :)

hmmm

oh and don't forget russwhitney.com 's overpriced packages, upsell upsell upsell....

I guess it boils down to what you wanna do with your time......

cherrylula 11-08-2002 09:08 PM
Quote:
Originally posted by TheFLY


This sounds like the best project yet... I want to do something similar... Big house out of a college town in the country -- strip it down -- then construct a MONSTOR pool -- then turn the house into some kind of club with some living/office/fuck spaces upstairs -- downstairs the dancefloor and bar and shit -- use a porno-password to get in to the 24/hour party (keep the cops out) -- then you have cameras in the trees and shit and cameras in the pool under glass -- when you enter the 24/hour party you got to get past Bruno who signs your parking sticker (and keeps the male female ratio good hehe) -- you sign a model release statement and for that you get access to the amazing pool and free party booze... now you got a pool cam that's out of this world and if you're really sick you could have a VIP room with lap dances ehhe... Somebody fund me! I know a great location :p
There was a site like this years ago. What finally happened is that too many people gave out the location over the streaming audio while on their phones telling people how to get there. Surfers actually started showing up, and then the cops were all over it when things got out of hand. The idea didn't work too well.

p|mpdog 11-08-2002 09:12 PM
Quote:
Originally posted by Cal
In MA where I grew up it was popular for families to gather some cash together and buy 2- and 3-family homes. They'd stick the kids or one member of the family in one floor and let the other 1-2 pay the mortgage. It's a good idea if you're in a relatively low value area, but frankly those areas are being bought up more and more by bigger investors.

From my limited knowledge, the key is knowing houses before you buy, you have to be able to walk through and take pictures and ask the right questions; a bad choice can land you in some serious fiscal trouble. Zoning laws, broken appliances and bad foundations are only the tip of the iceberg. For example something small like redoing one side of the house's windows can be a multi-thousand dollar expenditure.

Beyond that it's smart to get 3+ family homes, since a 2 family may not cover your mortgage if you intend on living there. Management companies cut into the minimal profit you may turn with a multi-family. I wouldn't invest without a lot of capital to make a living in real estate, but having that equity and steady money certainly does help.

C.
shutup you scamming piece of shit.. dont listen to this guy.. He rips people off daily...
colin sholes is a scammer, stay away from him aka CAL


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