The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (1668)	2/20/2002 5:14:11 PM
From: David Jones	Read Replies (1) of 306849

Look I got a 2-1 in Livermore Calif that I'll sell you right now for 280k that I get 1200 a month for which is under the market rent rate and it's no dump. You can buy it and raise the rent going in. If your son's rent was doubled to 1700. For that same 1700 he could carry a 280k note at 6%. Which is possible because my brother just picked one up at no points. He'd have to pay taxes 280k x 1.41% =3946 plus insurance 450 = 4396/12 =366per. Giving him a monthly 2045.07. And he'd own it with it's tax advantage and equity potential.

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