tag:blogger.com,1999:blog-7379058107186593240.post8178407041797600079..comments2009-02-13T16:02:22.611-07:00Terry Sprousehttp://www.blogger.com/profile/01838191329037619882fixemup@planetabooks.comBlogger5125tag:blogger.com,1999:blog-7379058107186593240.post-65154918615464595092009-02-13T16:02:22.611-07:002009-02-13T16:02:22.611-07:00Bill,<BR/><BR/>Property taxes and insurance are rolled into the monthly payment, so they are covered in the rental charges. I put all the numbers on my blog, so maybe that will clear things up a bit.<BR/><BR/>In general, I find that you don't turn much profit when you first buy a rental property, although in this case, $200/month to start with is pretty good. But, over time you gradually raise the rates, and after a several years you're making pretty good money.Terry Sprousehttp://www.blogger.com/profile/01838191329037619882noreply@blogger.comtag:blogger.com,1999:blog-7379058107186593240.post-8700986111139416502009-01-27T11:45:31.536-07:002009-01-27T11:45:31.536-07:00Can you explain why this is a good deal? <BR/><BR/>$775 - $600 = $175 / month cashflow<BR/>or $2100 / year. <BR/><BR/>What are the property taxes in this area? What do you figure as maintenance expenses and vacancy? <BR/><BR/>This is a sincere question because I am trying to find real life examples of real estate investors that match up with any of the commonly spouted rules-of-thumb. And I would be very appreciative if you could explain this particular deal a bit more.Bill R.noreply@blogger.comtag:blogger.com,1999:blog-7379058107186593240.post-55589060300372253382009-01-18T09:07:34.742-07:002009-01-18T09:07:34.742-07:00Connie,<BR/><BR/>Thanks. I am going to post some pictures soon.<BR/><BR/>I was a little nervous before my presentation. I used to be in Toastmasters, but I hadn't made any presentations for a long while. But once I started speaking thoughI found myself having fun doing it. People seem very interested in learning more about the fixer upper business.<BR/><BR/>Boomer,<BR/><BR/>Thanks for the note. As soon I get the final numbers I'll post them so everyone can see how they shake out.Terry Sprousehttp://www.blogger.com/profile/01838191329037619882noreply@blogger.comtag:blogger.com,1999:blog-7379058107186593240.post-32652726123978455092009-01-17T05:22:28.390-07:002009-01-17T05:22:28.390-07:00Congratulations on a great purchase! I'd be interested in what kind of financing terms you were able to get on this deal.Boomerhttp://www.blogger.com/profile/07401826192469195341noreply@blogger.comtag:blogger.com,1999:blog-7379058107186593240.post-66291080071517044862009-01-16T21:46:08.246-07:002009-01-16T21:46:08.246-07:00That's wonderful~! Congrats on the townhome :) And be sure to post pix when you can.<BR/><BR/>And kudos to you for getting out there and presenting to the ABA~ 8 out of 12 is excellent~!ConnieBrzhttp://www.conniebrz.comnoreply@blogger.com