I just had another closing with an investor that I work with. The sold price on this property was $41K and needed very little work. He plans on renting it for $1200.00 a month which is the going rental rate in that area. This is the same investor that closed on a property about a month ago for $28K. His tenant is moving in July 1st and is paying $650.00 a month. That totals $1850.00 a month income for a $69K investment. He paid cash for both properties, not a bad return!!!
Paige Walker - Pineville, LA
Real Estate Guru - Alexandria Pineville LA
Now that's what I call a great return! John, shoot me any of those properties that come on the market. I may be interested in investing also! Thanks, Paige
Jun 29, 2010 09:53 AM
Elite Realty-Luxury Homes & Condos On & Off the Strip - Las Vegas, NV
Las Vegas Condos & Luxury Homes Expert
Ellis Property Investments - Fayetteville, NC
Yes, that is a smart investor with a wonderful return on that investment. Love those opportunities.
Jun 29, 2010 09:57 AM
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around
Rainer
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John Franc
Honesty & Integrity in all I do!
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