tucson investors: Six Under $60k And Net $600 A Month!
- 09/18/11 02:10 AM
I get asked a lot these days, "Could you really make any money from owning rental property these days?" My answer: If you look at real estate as a long term investment, if you are diligent about saving money and if you have realistic goals. You can. This is one example of what I recently negotiated for some buyers who want to set up rentals properties over the next few years: $60,000 purchase price, 4.1% interest rate on an investor loan, $350 a month mortgage payment (PITI), rental income $995.00. If you do the math - you can see they have a … (3 comments)
$ 35,000 (new on market today - no photos yet! 3 bedroom/2 bath 1160 square feet Swimming pool No demo costs - ready for remodel - and financing available, as well as cash offers
$39,000 1002 square feet Central heating and cooling One car carport Cash only
$42,900 1121 square feet 2 unit home Some upgrades done - kitchen and drywall Cash only
$44,800 1278 square feet Arizona room Near DMAFB HUD home, financing available
Photos and information from … (2 comments)
tucson investors: Realtors® Are Not A Protected Class
- 01/25/10 09:24 PM
Something I'm noticing in agent-only remarks on bank owned properties: "No commission if Buyer is a real estate agent." "No commission if real estate agent is related to Buyer." And my favorite, "No offers considered if Buyer is the real estate agent or related to agent." Some REO companies have a cover sheet with the question, "Are you an investor?"
I appreciate these disclosures. Knowing it ahead of time is more appreciated, since from first-hand experience - this information is often disclosed after the fact. Discussing this with an REO agent/friend, he told me that certain banks decided to develop this … (68 comments)
I get asked a lot these days, "Could you really make any money from owning rental property these days?"
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