So far the phones have been ringing fairly steadily. People looking for homes and land which is, of course, music to our ears.
It is understandable because there are a lot of excellent bargains to be had.
A house in Hart for $34,000 - Yes it's true and it is in a nice area , Can't be bad for someone with a little money to invest.
Just think - put down $7000 (approx 20%) and borrow $27,000 at 6% (say)
That makes monthly payments of $227 for 15 years or $350 per month for 8 years.
As a rental you should be able to get $400 - $500 per month.
I call that a sweet investment.
Bythe way interest rates are not up to 6% yet!
Have a great week and think about it!
Quintus
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment