:jawdrop:

they don't even sell studios for that cheap here in the worst neighborhoods. You're gonna make me :cry:

 

come to utica, they all but give properties away.

 

btw, this is a 2550 sq. foot house with a decent yard.

 

Sound fishy to me... how could you be able to rent the thing at 800$/month with a cost of only 400$? Even if you put in rpoprety taxes, electricity, water taxes and bla bla bla... you would end up with a profit?!?!

 

dude you pay for it over 30 years nothing fishy about it... keep expenses low, pay extra on it to kill interest and pocket the net income...

property taxes are listed on it a little over 2k a year...

 

wow you have to take pics of this place. 1400sqfoot houses on no property go for $429,000 here

 

http://www.coldwellbanker.com/reques...ropSplash.html

link.

 

10th one down, i think...

 

What i am saying is if the realestate business is like that over there then i would just buy every duplex and make my living off NOTHING! you got to admit that there is no reason to sell that duplex... it just doesnt make sense to sell something that bring you a profit! For example that would mean you could actually buy that duplexe make morgage paiement off the income(assuming 100% of it goes back in paying morgage and both apt) and buy pay it off in 10years, without paying 1$ out of your pocket?

 

what business isnt like that? your revenues should always exceed your expenses, shouldnt they?

my gf's current landlord owns 14 local properties and does nothing else, just buys and rents...