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Smart Investor

Real Estate Agent with John Franc Realtor ABR Vandyk Group NJ License - 1537463

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
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
June Stark
Elite Realty-Luxury Homes & Condos On & Off the Strip - Las Vegas, NV
Las Vegas Condos & Luxury Homes Expert

My My! Wish we had those ROIs in Vegas! 

Jun 29, 2010 09:54 AM
Doretha Caldwell
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
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around


I'd say he did his homework.


Jun 30, 2010 01:45 AM