Posted by David Krulac on November 16, 2003 at 20:47:58:
What would the rental income be?
Are you sure that you have included ALL expenses including taxes, insurance, utilities, maintennace, vacancy(maybe 5%), and management fee(maybe 10%).
How Much to Buy Below Mkt - Posted by Drew
Posted by Drew on November 16, 2003 at 19:53:33:
I’m new to RE investing and a lot that i’ve read so far has stated to shoot to buy 60% below mkt.Have made a lot of offers but no hits yet that low. Found a nice home that would be great for rental. Asking price 165 could probably get for 148. Should I still consider even though profit margin is not as high as long as it yields a positive cas flow in rental income??? Thanks