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Where are we today?

Saturday, February 23rd, 2008

As promised, I am updating our first deal. 

We purchased a house for $74,600. The monthly note on this guy is $745 per month.

 Now, it should appraise for $113,000 which is a profit of $38,400 if we sell it outright (flip).  Or, if we rent the property, the average rent for this part of the country is about $850. This leaves us with about $105 a month positive cashflow.

What do we do? I would like everyone’s feedback on this.  Jump in and let me know what you would do!

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      • Hana Announces Completion Of Non-Brokered Financing And Investment By Strategic Shareholder
      • Liberty Property Trust Announces Fourth Quarter And Full Year Results
      • How To Fill Up The Financial Gaps With Commerical Secured Loans
      • Camden Increases 2012 FFO Guidance By 13%
      • Lazard Ltd Reports Full-Year And Fourth-Quarter 2011 Results
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