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In only 13 years I will have an investment property paid off
Poast new message in this thread
Date: March 18th, 2012 8:34 PM Author: drab plaza antidepressant drug then it will be pure income! (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20237872) |
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Date: March 18th, 2012 8:42 PM Author: Red Whorehouse You're going to stop doing maintenance, receiving utilities, and paying taxes? (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20237955) |
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Date: March 18th, 2012 8:44 PM Author: Impertinent stage affirmative action (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20237972) |
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Date: March 18th, 2012 8:44 PM Author: wine thriller corn cake mad cow disease LOL (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20237978) |
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Date: March 18th, 2012 8:57 PM Author: drab plaza antidepressant drug that is chump change.
I'll be netting 3K a month on the place. |
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Date: April 22nd, 2012 7:36 PM Author: frisky doctorate boiling water That is, if you can keep it occupied every month (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20523617) |
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Date: April 22nd, 2012 7:35 PM Author: frisky doctorate boiling water (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20523614) |
Date: March 19th, 2012 10:41 PM Author: drab plaza antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20246173) |
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Date: April 22nd, 2012 7:18 PM Author: drab plaza antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20523514) |
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Date: April 22nd, 2012 7:23 PM Author: ungodly maroon useless brakes *Lands on chance*
*Gets street repairs*
*Must pay $40 per house and $115 per hotel*
*Is Fucked* |
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Date: April 22nd, 2012 7:26 PM Author: drab plaza antidepressant drug you land on my hotel and must pay me $2000. (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20523566) |
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Date: April 22nd, 2012 7:43 PM Author: Concupiscible awkward pisswyrm base How much is the property worth, OP? Down payment? Equity? Market? Gi and Gl man. I always wanted to do this (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20523653) |
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Date: April 22nd, 2012 8:48 PM Author: drab plaza antidepressant drug How much is the property worth, OP?
450K
Down payment?
20%
Equity?
110K
Market?
DC
Gi and Gl man. I always wanted to do this
THX BROTHER |
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Date: April 22nd, 2012 9:03 PM Author: drab plaza antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20524214) |
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Date: April 22nd, 2012 9:05 PM Author: Appetizing thirsty famous landscape painting (christina model) (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20524228) |
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Date: April 23rd, 2012 7:47 PM Author: Zippy space saggy tits, nasty face (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20531401) |
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Date: April 23rd, 2012 7:29 PM Author: drab plaza antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20531262) |
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Date: April 23rd, 2012 7:30 PM Author: Dark location gunner bump this thread when the student loan bubble explodes and takes the remnants of real estate with it (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20531272) |
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Date: April 23rd, 2012 7:31 PM Author: drab plaza antidepressant drug u jelly? (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20531282) |
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Date: April 23rd, 2012 7:53 PM Author: Effete Hairless Brethren Nowag So bro, you basically put 90k down for your mortgage and rent the property out for 3k a month so you get 36k a year in revenue.
Your mortgage for 360k is maybe at 5% interest? so you pay 18,000k a year in interest payments.
So you make 18k profit (minus any maintenance, etc) so that works out to a 20% gain on your 90k investment.
Not bad I guess, but there is some risk involved in this esp in a hot market like DC. |
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Date: April 23rd, 2012 11:32 PM Author: drab plaza antidepressant drug why do you think a market like DC involves more and not less risk? (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20533469) |
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Date: April 23rd, 2012 11:51 PM Author: Effete Hairless Brethren Nowag cause like all bubbles it will collapse
for instance eventually the GOP will get the POTUS and both houses of congress with a fillibuster proof senate and eliminate half the fed gov
or defense spending will be cut significantly
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Date: April 23rd, 2012 11:55 PM Author: drab plaza antidepressant drug dems controlled everything and defense spending wasn't cut.
also, the reps controlled everything under bush and the fed gov increased. |
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Date: April 23rd, 2012 11:59 PM Author: Effete Hairless Brethren Nowag yea but no one cared abt cutting defense spending back then with two wars, not it is more politically popular and doable
the GOP likes to move jobs to redneck states when they are in power
anyway, im just saying its a bubble and every bubble burst |
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Date: April 23rd, 2012 11:58 PM Author: Chest-beating ivory generalized bond its not necessarily a bubble if theres a long term trend of people returning to american cities though (which certainly isnt dc specific) (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20533737) |
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Date: April 24th, 2012 12:00 AM Author: Turquoise spectacular friendly grandma set definitely a long term trend of white educated and upper income people returning to American cities, which bodes well for people who invest in major cities. (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20533761) |
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Date: April 23rd, 2012 11:57 PM Author: Bat Shit Crazy Slap-happy Blood Rage Legend Risk peaks when prices peak (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20533721) |
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Date: April 24th, 2012 4:24 PM Author: drab plaza antidepressant drug how is mild and steady growth a peak? (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20537542) |
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Date: April 24th, 2012 12:01 AM Author: Multi-colored lavender den mexican ~tmf (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20533774) |
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Date: April 24th, 2012 6:42 PM Author: Effete Hairless Brethren Nowag OP, explain how you can rent this place out for 3k/month if it is only worth whatever you said, 450k?
That does not add up. A place that rents for 3k should sell for a lot more than 450k, probably more like 700k. |
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Date: April 24th, 2012 10:11 PM Author: jade resort sneaky criminal op is probably fudging numbers, you can rent a place that's say 350k in a city (a 2br) for about 2k (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20540451) |
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Date: April 24th, 2012 10:12 PM Author: jade resort sneaky criminal but the point of the matter is investment property in a young professional area (i.e. dc) is a good idea (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20540460) |
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Date: April 24th, 2012 10:15 PM Author: Effete Hairless Brethren Nowag keep telling urself
a few years ago ppl were BRAGGING about what a good investment it was buying properly in AZ, NV, central CA |
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Date: April 24th, 2012 10:13 PM Author: Glassy Forum I think his point was he'll be making 3K a month on the place in 13 years when it's paid off. (http://www.autoadmit.com/thread.php?thread_id=1901128&forum_id=2Reputation#20540474) |