Sounds a good deal, what I would need to know before investing is: Who will manage the property and take the rent? What % of the rent do they take as a fee What if any cover do they provide if the property sits empty/tennant doesn't keep up payments/tennant wrecks place?
A management company deals with it all and you get paid quarterly or if you want monthly. Tennants pay 2 months bond so if they leave you are fine, as the vacancy rate is about 4% in the area. All insurance is paid, city fees, HOA fees etc. I think you should be more looking at the yield and in fact we could probably guarantee buying back at double the price within 4 years too put into our bond. If you are serious/not stupid you will be interested
Minimum yield is 15%. It is only buy to let investors in UK that think about covering their mortgage. It is quite sad.
So basically you're a cockaroach making profit from the misery of others. **** you ya bam. You won't last long on here, I can tell you that. Nae **** likes a newby who's successful.
You are the one acting like a pape. Do you skull **** the ex owners weans while you're in scoping their property ya skanky ****.
You mean the ex owners that didn't pay their mortgage and the bank took it off them, are you ****ing a Greek?
Haha brilliant. Wee Monica on here all chuffed wea himself. Look at me lads, I buy property on the cheap cause ****s couldny afford their mortgages. I make a packet. ****ing vampire.
^^^^doesn't understand the world we live in! These ****s that didn't pay the mortgage with the rent they got spent it on crack or whatever, so is that ok?
