Tacoma Duplex: 1945 S. M St., $135,000.
HOW DOES DUPLEX LIVING PAY OFF? You may count the ways:
Each unit rented at $700 per month. (Tacoma Housing Authority says they can be raised to $900 and above.)
Expenses can be held to $4536 annually (=$381 per month).
Available financing: Owner-occupied VA: 30 year fixed at 5% - $550 per month p&i.
FHA investor loans (20% down) 30 yrs at 5%= $550 per month p&i.
Besides the positive cash flow, look for these extras:
* Tax savings. You could even shelter your other taxable incomes.
* Appreciation. Historically, well-located, well-maintainted real estate has appreciated over 5% per year.
* Mortgage ammortization. (Part of that monthly payment goes to principal; paying down your balance.)
For an inspection appointment, just call me. IF you are seriously interested in real estate investment, I offer you my loaner copy of Nickerson, Wm., How I turned a $1000 investment into $3,000,000.00 in Real Estate In My Spare Time. (Just give me your contact information down below as "Comment".
STEVE FORTSON
Turn Key Real Estate
1310-C North I St.
Tacoma, 98403
1 888 301 4221
HOW DOES DUPLEX LIVING PAY OFF? Count the Ways!
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