Updates on what it is like to be an active real estate investor. Also comments and thoughts on wealth creation, leveraging, events etc.
Friday, March 26, 2010
New Listing
This is another little house that is going on MLS tonight.
2/1 900 sq ft - ok part of town although not East Vallejo.
Bought for $62k, spent $12k and back on at $105k
With 3% down and 5% interest rate, someone can own this house for $546/month plus taxes and insurance (probably another $120 or so per month) Still cheaper than rent!!
Full time real estate investor in Vallejo, California. Born in Cork, Ireland and living in California since 1993.
Since housing prices have declined so drastically in my home town, I have been buying SFRs and Condos since last year and doing mostly Rent to Own exit strategies. Work with other investors as managing partner for cash flow and profit sharing.
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