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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 08 Mar 2005 20:36:56 GMT
/ Author of the message: Manny Davis |
Title of the message: |
Re: Poll: good deal?
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Text of the message: |
newsgrponly@hotmail.com wrote in news:1110310637.390559.290910 @o13g2000cwo.googlegroups.com: > I found a single rental house (175K) in a very good location. The > house is rented out until August 2006 for $1400/month. The house has > been on-and-off on the market for about a year. The reason why it is > still on the market is because of its price, and the > seller is very firm on the price even though the price has went > down since a year ago. I know it will be generating minor > negative cash flow for at least 3 years, but the location is > unbeatable. What is the general consent? Overpriced with a negative cash flow for three years. In your mind, how does the "unbeatable" location offset those two things? Wasn't the location taken into consideration when he priced the property? . |
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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.