Thoughtthelastpurchaseagooddeal?thinkagain!
Purchasedbeforeendof2008.Price:120K($65/sqft)
Size:1838sqft4bd,2.5bath,2cargarage,2storybuilt2005
Salehistory
10/19/2006:$410,000
08/13/2008:$145,769(foreclosedfirstmortgagebalance?)
2006highestvalueest.:430K
Location:Stockton(Park)
Roughcashflowanalysis:
Rent:$1450/month(movedinwithinoneweekafterpurchaseclose)
Ini...[
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Price:150K($81/sqft)
Size:1852sqft3bd,2bath,3cargarage,built2002
Salehistory
01/24/2003:$217,500
02/13/2008:$284,551(foreclosedmortgagebalance)
2006highestvalueest.:448K
Location:Stockton(WestonRanch)
Roughcashflowanalysis:
Rent:$1495/month(firstads.inCraigslistaskingfor$1475,butfoundouttherentmarketisdemanding)
1stLoan:120K(30Yfixedat6.375%):PandI:748/month(noc...[
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Atopicposted@群组(投资理财»房市夜话)on2008-10-15.
Buy4or5housesincentralvalley.rentout$1000-1500each.Noleverageneeded.
Sayifinaveragerent$1250each,itcanget>$5000monthlyincomeafterpropertytax,insurance,andmaintenancecost.Remembernomortgage,withlowincometax,itshouldgiveyouanotrich,butokliving,withoutworkingforsomebodyelse.
Well,notreallyretired-stillneedtomanagetherentproperties.<...[
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Posted@投资理财on07-10-04:
ALeveragedExampleofmine
2005年9月份买的，总共价$270K,其中downpayment20%=$54Kplusfee&repair10k。
Nowvalued$450K.按2年算的话，回报：
1）按$280K做基数，每年的回报26.77%；
算法：
ifnofinance,$280Kcost,$450kfinalvalue,2years,每年的回报(450/280)^0.5-1=26.77%
2）按$64K算：91.21%。
算法：20%downpayof270k+10kfee&repair,$64Kcost,valueincre...[
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Atopicposted@群组(投资理财»房市夜话)on2008-02-05
Followingcultuslaketofindprojects...
Howaboutthis:
"26Individuallytitledcondos,currentlybringin$180,000annuallyinrent.Novacancies."
Ask1.35m.Built1965.
Locationisveryconvenient,sotheyareeasytorentout.
Let'sdosomecalculation:
rent$550(average$577,minusabout5%vacancy)
management$55(10%)
maintenance$...[
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Here'sanrealcaseusedasanexampleofcalculatingannualreturnratebefore:
Houseprice270k,rent$1850purchasedat2005
Original20%down80%mortgageat5%,PTPI$1300
Nowrefinancectakecashout.mortgage315kat6.375%PTPI%2205
Supposetakelessmortgage@270k,PTPIwouldbe$1850,that'saeven-cashflowwith0investment(moreorless,didn'tcountthe2yearsinterestofthedownpayandmaitenancecost).Anyrentincreaselessmainten...[
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InStockton'sWestonRanch(a15-year-oldsubdivision),youcanbuybank-ownedhouses50%ofpeakpricesorless,withprobablypositivecashflow.Forexample,ayr2000house4/2/2w/2000sf(ingoodcondition)canbepurchasedfor$200k,andrentedfor$1500/month.
$200kloanw/rate6%interestonly$1000
propertytax(1%)$167
insurance(1000/yr)$83
vacancy&maintenance(10%)$150
1500-1000-167-83-150=+100
Youcangetbet...[
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Buypositivecashflowrentpropertyusingtheleverage.Here'stheassumption:
PriceP,downpay20%*P=0.2P
Holdfor10years,thevalueoftheporoperty2P(applyanassumption(orstatisticalfacts?)thatinaveragethehousepricedoublesevery10years)
Theannualreturnrater,2P-0.8P=0.2P(1+r)^10
sor=6^0.1-1=19.6%
Herewesimplifiedtheassumptionbynotconsideringtheprincipledecrease,andrentincrease.Assumerentcancove...[
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pediatrician2showedanexampleofpriceslashed34.80%totheoriginallisting.
本周末准备去STOCKTON访问一下。好像很惨的。
It'seasytofoundmoresimilardeals:
＝＝＝ ｚｉｌｌｏｗ RECORD===
SaleHistory
SaleHistory&TaxInfoSaleHistory
11/02/2006:$468,991
Noothersaledataisavailable
TaxInformation
TaxAssessmentHistory20052006
Totalpropertytaxpaid:$3,099$3,247
Asse...[
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终于等到交房了。拿到钥匙，就去喀嚓几张再说。新房子的气味好闻啊！
Front:
Entry:
FamilyRoom:
Kitchen:
Butler'sPantry:
Stairway:
Loft:
Laundry:
MasterBedroom:
MasterRetreat:
MasterBathroom:
Fromupstairslookingthruthefamilyroomhighceilingwindow:
Fromupstairslookingdownthekidsrollingonthecarpetinfamilyroom:
[
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