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]