Forum Replies Created
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PadreBrian
Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
ParticipantThis house was even overpriced back in 2001. 10/19/2001 $792,432 eeeps!
It’s probably worth 740-760.
ParticipantThis house was even overpriced back in 2001. 10/19/2001 $792,432 eeeps!
It’s probably worth 740-760.
ParticipantThis house was even overpriced back in 2001. 10/19/2001 $792,432 eeeps!
It’s probably worth 740-760.
ParticipantThis house was even overpriced back in 2001. 10/19/2001 $792,432 eeeps!
It’s probably worth 740-760.
ParticipantThis house was even overpriced back in 2001. 10/19/2001 $792,432 eeeps!
It’s probably worth 740-760.
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