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Started By
Message
Investment Property
Posted on 10/7/09 at 12:16 pm
Posted on 10/7/09 at 12:16 pm
Anyone know someone in the market for an investment property? I have a 2bd/2bth townhouse that currently rents for $975/mo. I'm selling it fsbo for $117k. Let me know if you'd like more info.
4
Posted on 10/7/09 at 1:00 pm to tigersgeau43
thats a darn good buy imo. Somebody should jump on it.
Posted on 10/7/09 at 2:18 pm to tigersgeau43
Where is said property ?
Posted on 10/7/09 at 2:42 pm to threeputt
Shenandoah Area
Posted on 10/7/09 at 2:50 pm to tigersgeau43
investment propertys are hard to sell..why you ask..because they require 25% down to buy and 6 month reserves..
Posted on 10/8/09 at 12:21 pm to displacedhorn
I agree, but this is an excellent opportunity for someone.
Posted on 10/9/09 at 9:50 am to tigersgeau43
I'm interested if you have a renter in it now. E-mail me details at teeredlig@yahoo.com.
Posted on 10/9/09 at 10:10 am to tdg
ygm
Posted on 10/9/09 at 12:07 pm to tigersgeau43
Just curious, why are you selling?
Posted on 10/13/09 at 3:19 pm to ShreveportTiger07
Terms of my mortgage state I can't rent it. I didn't think it would matter, but the mortgage company found out.
This post was edited on 10/13/09 at 3:37 pm
Posted on 10/13/09 at 9:19 pm to tigersgeau43
Why would they care as long as the checks are on time every month? 
Posted on 10/14/09 at 7:42 am to ShreveportTiger07
That's what I thought too, until I got a letter from them saying that I either have to live in the property or sell it or else my mortgage will be considered in default.
Posted on 10/14/09 at 9:03 am to tigersgeau43
quote:
That's what I thought too, until I got a letter from them saying that I either have to live in the property or sell it or else my mortgage will be considered in default.
Damn bankers.
Then again, if it is stated in the mortgage documents prior to execution it's useless to bitch about it.
How did they find out your were renting it out?
Posted on 10/14/09 at 9:14 am to tirebiter
quote]How did they find out your were renting it out?[/quote]
B/c I moved out and changed my address.[
B/c I moved out and changed my address.[
Posted on 10/14/09 at 1:56 pm to tigersgeau43
That sounds like a good deal. I would scoop it up if I could.
Posted on 10/14/09 at 9:42 pm to tigersgeau43
I agree, but this is an excellent opportunity for someone.
Ive always followed a model with my investment properties where the property must rent at a monthly price equal to 1% of the sale price paid for the property.
Your asking price doesnt come near to the model Ive used in my investment property business.
Ive always followed a model with my investment properties where the property must rent at a monthly price equal to 1% of the sale price paid for the property.
Your asking price doesnt come near to the model Ive used in my investment property business.
Posted on 10/23/09 at 10:33 am to tigersgeau43
bump
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