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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 3 Feb 2005 22:33:00 -0800
/ Author of the message: "Saltybob" |
Title of the message: |
Idea check
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Text of the message: |
I think I just found an answer to a question that has bothered me for a while. I prowl around new subdivisions of condo's and town-homes in Oregon for a living as a property manager. I've noticed that a noticeable number of them are bought as rentals even though the rent rates don't equal a typical mortgage amount for these homes. What I learned today may not be a news flash to many here but it was to me. I need to know if this is common and accurate information. It seems too good to be true. A buyer takes out a mortgage in Phase One in a condo community, rents it out for less than his monthly and sells it for a large profit toward the end of the last phase of the development a year or two later. All the while, he covers the small monthly difference, counts on an appreciating RE market AND the growth of the Phase One value as the developer builds out the community. I've met two folks this week that have |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.