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re: Real Estate Investing......... New update pg 7
Posted on 2/19/15 at 10:01 am to jsquardjj
Posted on 2/19/15 at 10:01 am to jsquardjj
quote:
I have something I am looking at for 80K, a few blocks from LSU (bad side though). 1 bedroom house in good condition, grad student just signed a year lease for $800 a month.
I have been informed about it
I wouldn't take less than 350 a month PCF. better run your numbers.
2
Posted on 2/19/15 at 10:08 am to Fat Bastard
quote:
I wouldn't take less than 350 a month PCF. better run your numbers.
I also would take a hard look at the area. If you only have a one year lease signed, be sure you will be able to rent it our again to a decent tenant or you will be paying for a management company to find you one at 10%.
Posted on 2/19/15 at 10:10 am to Fat Bastard
One bedroom places are the ones that I avoid. After years of trying to make them work you will realize that 1 bedroom properties turn over a lot more than 2br or 3br. One baby or a new girlfriend and you are vacant. Close to LSU?? how big is the lot?? That may be the play in a few years...
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