Member
Joined: 2009-08-23
Points: 22
OfflineName:
murphy
About Me:
Network+ Certified - Computer Network Specialist And A+ Certified Computer Technician
Interests:
Remodeling, Building, drawing, Real Estate
murphy
All About murphy
OfflineTopics I've Participated In
| Title | Poster | Replies | Updated |
|---|---|---|---|
| What Is Owner Financing | Anitarny | 124 | 8 years 2 weeks ago |
Basic Info
Occupation:
Computer Network Tech
Children:
My Pets Are My Kids
Education:
Completed College
Status:
Married
Sites I Visit
Mainly Just This One
EMAIL I RECIEVED FROM R.E. AGENT
EMAIL I RECIEVED FROM R.E. AGENT BELOW But what and or how approach this R.E. agent to make offer and or purchase this property?? Please anyone from Dean Graziosi courses please reply to "murphy" with answers and or infomation.
Hi Steve,
All utilities are paid by the tenants. Only the property taxes and sewer are paid by the landlord. The present rents are a total of $1,638.00 per month or $19,656.00 a year. The sewer and water costs are approx. $1,500.00 a year depending on usage. The furnace was replaces in 2007 and there has been approx. $60,000.00 in home improvement since 2007.
The 2 bedroom gets $1,008.00 in rent
The 1 bedroom gets $630.00 in rent
The heat is forced air, the fuel is natural gas.
The taxes are $4,500.00
The sewer is $750.00
The insurance is $500.00
The maintenance is $500.00
The water is $850.00
It is zoned residential but is in a commercial mix use zone
He will hold the mortgage at 8% for 7-10 years with a balloon in the final year. It is not assumable and the amount that he owes he does not want to disclose without an offer.
Let me know. ThankS