Investing in the American Real Estate Market - Buy a house for $10,000
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Posted on: 24-01-10 19:41:20
http://www.sairealtyusa.com/
http://www.sairealtyusa.com/SRI_23545%20Grabar%20Sq.pdf
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Microsoft - Which end of the stick do you want today?
Quote:
Originally posted by DesiTiger
http://www.sairealtyusa.com/
http://www.sairealtyusa.com/SRI_23545%20Grabar%20Sq.pdf
Interesting. However, ROI calculation apart, what about mortgage payment?
Median house price is $140,000. Cash flow of $4,500 would not suffice. Population growth is -4%.
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Microsoft - Which end of the stick do you want today?
Quote:
Originally posted by DesiTiger
Originally posted by Nightmare
Originally posted by DesiTiger
http://www.sairealtyusa.com/
http://www.sairealtyusa.com/SRI_23545%20Grabar%20Sq.pdf
Interesting. However, ROI calculation apart, what about mortgage payment?
Median house price is $140,000. Cash flow of $4,500 would not suffice. Population growth is -4%.
Hi NM,
No mortgage, these are straight cash deals.
Median house price data does not take into account foreclosures and short sales. The latter is where the investment opportunities are. Average house pice is between $10K - $20K CASH.
You are looking at demographics for Detroit, but the rental market in the suburbs is actually very strong and the population has not changed much over the last few years.
Let me know if you (or anybody else) are interested in learning more.
Cheers
DT
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Microsoft - Which end of the stick do you want today?
