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People sell their homes in the classified ads here - no realtor BS
| cerebral school | 05/02/16 |
| crusty son of senegal | 05/02/16 |
| cerebral school | 05/02/16 |
| Adulterous Site | 05/02/16 |
| cerebral school | 05/02/16 |
| Aromatic Frisky Coffee Pot | 05/02/16 |
| Appetizing primrose dog poop | 05/02/16 |
| cerebral school | 05/02/16 |
| Appetizing primrose dog poop | 05/02/16 |
| cerebral school | 05/02/16 |
| Appetizing primrose dog poop | 05/02/16 |
| big salmon skinny woman | 05/02/16 |
| cerebral school | 05/02/16 |
Poast new message in this thread
Date: May 2nd, 2016 12:37 PM Author: cerebral school I'm about to offer 25k for a house listed at 38k and pretty sure they'll take it because i looked up the court database and there is an IRS lien on it for 14k
1 weekend of painting and patching shit up and i can have a renter in here paying $550 a month |
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Date: May 2nd, 2016 12:59 PM Author: crusty son of senegal what happens to the lien? (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390303) |
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Date: May 2nd, 2016 1:01 PM Author: cerebral school IRS has 90 days after sale to collect from the seller (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390319) |
Date: May 2nd, 2016 12:47 PM Author: Adulterous Site You in Mogadishu? (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390222) |
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Date: May 2nd, 2016 12:48 PM Author: cerebral school Many places like this in the USA friend people don't trust banks and realtors (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390228) |
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Date: May 2nd, 2016 12:50 PM Author: Aromatic Frisky Coffee Pot (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390243) |
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Date: May 2nd, 2016 1:01 PM Author: Appetizing primrose dog poop Must be serious ARE COUNTRY to get homes that cheap. Wish it was that cheap here. I'd have a few investment properties. (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390313) |
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Date: May 2nd, 2016 1:02 PM Author: cerebral school Correct its a very easy way to get passive income going (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390324) |
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Date: May 2nd, 2016 1:05 PM Author: Appetizing primrose dog poop My concern would be the thin margins. At $550 month, assuming you own the property outright, you've still probably got carrying cost of $200/month (insurance, taxes, minimal upkeep). You're looking at ~$4000 a year in profit assuming no vacancy. When the roof needs to be replaced, it'll wipe out three years of profits. If a major appliance breaks, it could wipe out 2-3 months of profit.
Seems impossible to actually make a real profit. Or am I missing something? |
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Date: May 2nd, 2016 1:11 PM Author: cerebral school These are old homes dirt cheap to insure and property tax is really low. And i have a repair guy who fixes things. Only really need maintenance between renters and most stay for years since there is no mobility here and people are on fixed incomes. I'm paying less than the value of the lot alone so even if the home was a teardown i'd come out fine (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390360) |
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Date: May 2nd, 2016 1:27 PM Author: Appetizing primrose dog poop 180 (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390513) |
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Date: May 2nd, 2016 2:52 PM Author: big salmon skinny woman Cr these people are clueless a friend just bought a home for 25k flipped right away for 115k you can hire your own surveyor and home inspector (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30391221) |
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Date: May 2nd, 2016 3:49 PM Author: cerebral school (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30391614) |