The most prestigious law school admissions discussion board in the world.
|
 |
 
|
People sell their homes in the classified ads here - no realtor BS
| aphrodisiac home | 05/02/16 |
| Mauve toaster | 05/02/16 |
| aphrodisiac home | 05/02/16 |
| grizzly theater stain | 05/02/16 |
| aphrodisiac home | 05/02/16 |
| Appetizing frisky kitchen | 05/02/16 |
| Topaz Depressive Death Wish | 05/02/16 |
| aphrodisiac home | 05/02/16 |
| Topaz Depressive Death Wish | 05/02/16 |
| aphrodisiac home | 05/02/16 |
| Topaz Depressive Death Wish | 05/02/16 |
| Mentally Impaired Office Personal Credit Line | 05/02/16 |
| aphrodisiac home | 05/02/16 |
Poast new message in this thread
Date: May 2nd, 2016 12:37 PM Author: aphrodisiac home 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 |
 |
Date: May 2nd, 2016 12:59 PM Author: Mauve toaster what happens to the lien? (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390303) |
|
Date: May 2nd, 2016 1:01 PM Author: aphrodisiac home 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: grizzly theater stain You in Mogadishu? (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390222) |
|
Date: May 2nd, 2016 12:48 PM Author: aphrodisiac home 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) |
|
Date: May 2nd, 2016 12:50 PM Author: Appetizing frisky kitchen (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390243) |
|
Date: May 2nd, 2016 1:01 PM Author: Topaz Depressive Death Wish 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) |
|
Date: May 2nd, 2016 1:02 PM Author: aphrodisiac home Correct its a very easy way to get passive income going (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390324) |
|
Date: May 2nd, 2016 1:05 PM Author: Topaz Depressive Death Wish 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? |
|
Date: May 2nd, 2016 1:11 PM Author: aphrodisiac home 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) |
|
Date: May 2nd, 2016 1:27 PM Author: Topaz Depressive Death Wish 180 (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30390513) |
|
Date: May 2nd, 2016 2:52 PM Author: Mentally Impaired Office Personal Credit Line 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) |
|
Date: May 2nd, 2016 3:49 PM Author: aphrodisiac home (http://www.autoadmit.com/thread.php?thread_id=3211775&forum_id=2#30391614) |