Home › Forums › Financial Markets/Economics › 27 Year Old Millionaire in SD – Exposed as Fraud › He paid $400k in 2009.
He paid $400k in 2009. Assuming it rented for $3,000/mo then, that’s a 9% gross cap or probably 6.5% net before mortgage. Not out of line (IMHO).
Kudos to him for using his inheritance well vs throwing it down the toilet.
