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Message
re: Real Estate Investing......... New update pg 7
Posted on 3/24/15 at 3:41 pm to DirtyMikeandtheBoys
Posted on 3/24/15 at 3:41 pm to DirtyMikeandtheBoys
quote:
3rd we are under contract for is 1 block from campus on Highland (good side). This is where we are getting formal. Just formed the LLC, and are under review for a line (looking like $800k) to start turning this into something real. We need to put about $50-100k into this one, but our purchase price would make you wet in this location. College Town/Highland Rd.
I wish we had kept our places in BR. My dad bought a house and a town house in Lake Beau Pre in 2004-5 right when they were being built. My sister and I lived for free and roomates paid the note. He made $50K on the house and $40K on the townhouse 5 years later. Looking back, I would love to still have them. They would both be paid off by now.
1
Posted on 3/24/15 at 3:45 pm to stevengtiger
Yeah, we may flip the 3rd one just because of the market. But I'd much rather hold onto it. Anything within LSU commute distance is literally money.
The one we live in now was bought in 2005. Current appraisal is astronomical % over purchase. And every month the room mates pay the note our potential Net ROI rises that much.
The one we live in now was bought in 2005. Current appraisal is astronomical % over purchase. And every month the room mates pay the note our potential Net ROI rises that much.
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