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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 05 Jun 2005 02:50:22 -0000
/ Author of the message: Gordon Reeder |
Title of the message: |
Re: buy house to rent
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Text of the message: |
mike_frederick1@yahoo.com wrote in news:1117022135.892517.287870 @g14g2000cwa.googlegroups.com: > Lately I have been toying with the idea of buying a house to rent out - > i.e. I see places in my city selling for $135K (duplex), each side > currently renting for $750/month. $1500/month is about twice what it > would cost to mortgage the building (with no downpayment @ 5% over 25 > yrs - so that's being generous I think). What kind of things should I > be considering? One property I'm looking at is 38 years old, but many > major things have been replaced in the past 5 years including the roof, > furnance and hot water heaters. > > I'm 25, earn about 45k/yr, have a fair amount saved (for my age/income) > and no big debt (car - but I have more saved than I owe and could sell > the car for a good chunk of it). I currently rent an apartment and > would be purchasing this place simply as a means of bringing in more |
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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.