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Rodney

  • Rodney replied to the topic What sounds like a good deal. in the forum The Treasure Chest 22 years, 7 months ago

    Hi Dianne,

    If 2 years is your timeframe then this sound more like speculating than investing. Don’t forget to take into account of the selling costs, account for at least 10% of selling price. Don’t forget your profit margin.

    Using PIA for a quick check, with tenant paying $567/week, on 5.65% I/O loan, with let say 25% property expenses, thi…[Read more]

Rodney

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