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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 21 Jul 2005 16:05:06 GMT
/ Author of the message: "Don" |
Title of the message: |
Re: general 'rule of thumb' for rental house/rental rate per month?
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Text of the message: |
"Nona" <nona@mukashi-satake.com> wrote in message news:kt1ud1dvkkd374uvj2i8r79os4caidpg82@4ax.com... >> > We've certainly made our mistake also earlier on. Our first house was > purchased in 1976 for $40K in San Jose. Wanted to purchase a home > with more land and closer to work so we made an offer on our current > home that was neglected by the previous owners, but was in very good > location in Mountain View/Los Altos border with a big lot. We were in > hurry to close the deal on this new house so we accepted a buyer on > our San Jose home for $110K who really did not have any down payment, > but good income. We acceped third deed of trust for $28K. In > retrospect, we should have taken out the $28K equity and applied that > towards our current home and kept that San Jose home for rental, but > hindsight. Several years later, we get a letter from the first lender > that they were going to forclose on San Jose property because the |
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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.