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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (14238)	10/8/2003 11:30:15 PM
From: David Jones	Respond to of 306849

That's what the renting was before it went on the market. I'm conservative with rents and think myself prudent so I don't assume I can get more than the previous owner. Sometimes it's obvious one can raise rents but not this time. It's a great location, that's were the value is but hasn't been touched in years. It's needs a quick going over just to get that $1950 and the studio up to stuff. My broker called me just a couple hours ago and told me the price has been lowered to 665k and maybe I'd like to run my numbers again. That's what brought me to the key board just now. Tomorrow I'll call my contractor and see if he can meet me to look this turkey over. And maybe get in to see my accountant. Plus I need to speak to some other people to figure time tables and the like. I've all ready checked the zoning and permit history and spoke to some neighbors. Last thing is I need to speak to a senior city planner that's covering the area. It all may take till the end of the week. If it sells in the mean time I'll count myself lucky.