Along with other speculators, my wife and I got caught up in getting too many investments too fast. I'm starting to read Dave's book and we're ready to start clearing the plate. And want to free up capital for "focused intensity".
We have a couple investment properties in Youngstown, Ohio and we have mixed feelings about selling them. They are positive cash flow with a 7% mortgage (barely) which is impossible to find where I live. However, the investment would be better suited once we complete Dave's program and could buy without the mortgage. If we could pay cash for these $40k houses (not slum houses), the taxes and insurance would be covered in just 2 months of rent. Leaving the rest for any unexpected tenant lull or repair.
Like I said we loved these but we're not ready for them. Hopefully we can do this again when we finish Dave's Total Money Makeover. For any of you who are at that point already and are interested let me know.
These properties are essentially $40k ea, Zillow has them $40-60k, rental income is $400-550/mo, we have a good property manager in place, taxes $550-600/yr, insurance $200/yr.
If you're interested call 407-841-1628 ask for Todd or Betty, or send me a Private Message. I'll send you pictures of the property and answer any question. I'm not an agent, so would prefer to deal By Owner and cut out commissions.
We're not looking for profit, just liquidating assets.
We have a couple investment properties in Youngstown, Ohio and we have mixed feelings about selling them. They are positive cash flow with a 7% mortgage (barely) which is impossible to find where I live. However, the investment would be better suited once we complete Dave's program and could buy without the mortgage. If we could pay cash for these $40k houses (not slum houses), the taxes and insurance would be covered in just 2 months of rent. Leaving the rest for any unexpected tenant lull or repair.
Like I said we loved these but we're not ready for them. Hopefully we can do this again when we finish Dave's Total Money Makeover. For any of you who are at that point already and are interested let me know.
These properties are essentially $40k ea, Zillow has them $40-60k, rental income is $400-550/mo, we have a good property manager in place, taxes $550-600/yr, insurance $200/yr.
If you're interested call 407-841-1628 ask for Todd or Betty, or send me a Private Message. I'll send you pictures of the property and answer any question. I'm not an agent, so would prefer to deal By Owner and cut out commissions.
We're not looking for profit, just liquidating assets.