A bird-dogger contacted me today telling me about a deal he found:
7 cap, owner will carry with 10% down at 5.5%!!! 8 units - on 1.456 acres. Price is $650,000
Annual income: 69,800 laundry 1,800 Total 71,400
Expenses Taxes 7025 Insurance 3381 Electricity 1500 Rubbish 1500 water 4600 Cable TV 1980 Maintenance 6000 Advertising 400
Total Expenses 24,106 Net Operating 47,294
should this be something I should pursue? What questions should I ask?
Go For The Gold
http://buyinghomesinsacramento.buyforeclosing.com/
Follow my progress in this great journey we call R.E.I. http://www.deangraziosi.com/real-estate-forums/investing-journals/58454/... free iphone 4 http://www.YourFreeiPhone.com/index.php?ref=6520672
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A bird-dogger contacted me today telling me about a deal he found:
7 cap,
owner will carry with 10% down at 5.5%!!!
8 units - on 1.456 acres.
Price is $650,000
Annual income: 69,800
laundry 1,800
Total 71,400
Expenses
Taxes 7025
Insurance 3381
Electricity 1500
Rubbish 1500
water 4600
Cable TV 1980
Maintenance 6000
Advertising 400
Total Expenses 24,106
Net Operating 47,294
should this be something I should pursue? What questions should I ask?
Go For The Gold
http://buyinghomesinsacramento.buyforeclosing.com/
Follow my progress in this great journey we call R.E.I.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58454/...
free iphone 4 http://www.YourFreeiPhone.com/index.php?ref=6520672