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-   -   I jusy bought a 5plex. (https://gfy.com/showthread.php?t=474822)

Head 05-31-2005 02:47 PM

I jusy bought a 5plex.
 
Mortgage came through yesterday and I signed all the pappers at the lawyers today.
Should make a couple bucks hopefully.

It's been an interesting day.
:drinkup

beemk 05-31-2005 02:48 PM

congrats. wheres it at? you going to rent it out or sell it?

Head 05-31-2005 02:51 PM

Quote:

Originally Posted by beemk
congrats. wheres it at? you going to rent it out or sell it?

Hamilton, Ontario
Rent it for now. But I'm fixing it up and selling it later.

EZRhino 05-31-2005 05:02 PM

Congrats, 4 or 5 plex is gold :thumbsup
Let me know if you plan to do anything in Las Vegas I know a great PM there.

DateDoc 05-31-2005 05:09 PM

RE is the way to go still. I keep up on all these articles about when the bubble is going to burst. Best estimation I have found was given by Bob Toll who was quoting a company that researches the RE market. He said the current bubble has been going on for 14 years and is in the 7th inning. That leads to another 4 years of appreciation before the market starts heading south. Hope he is right.

Nubiles 05-31-2005 05:12 PM

Whats the cap rate?

Head 05-31-2005 07:08 PM

Quote:

Originally Posted by EZRhino
Congrats, 4 or 5 plex is gold :thumbsup
Let me know if you plan to do anything in Las Vegas I know a great PM there.

Funny you should mention Vagas: I have a RE corp their, and we my be looking to by around tht place.

Sosa 05-31-2005 07:11 PM

very nice! great investment. Good luck with it.

tranza 05-31-2005 07:16 PM

Congrats bro... Any pics??

tony286 05-31-2005 07:27 PM

congrats :)


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