Down on the Short Perhaps?
Stocks are down from the week of the 12th, are we witnessing a softening and return to short weeks ahead? The NASDAQ shows the best recovery overall.
3 months of strong buying in that fast money market has created some quantifiable results with the real estate market showing a pulse at the top of the 2nd Quarter.
Yet, sad to see mortgage rates bounce almost one percent recently, stinkin' banksters.
One real estate agent was telling me single family homes are down 50% directly from banks with almost easy qualifying, yet the bank is selling them in bulk of 25 and more at around $40k each, and that is in the Southern California area. Lots of inventory on hand, but no loans made on these, the bank wants to see cash / a balance somewhere. They will do no loans no matter what your leverage ( supposedly ).
Hmm.
Each of those could garner $1500-$2500 a month depending on the specific area, but either way, the ROI is attractive. Do the math if you know how... if not, here is your chance to contact me and ask that simple question.
If you want to cash flow long term, lease them in 1-5 year intervals. You'll have your cash back in about 2.5 years, and then on its quite the monthly flow, huh!? $37500 if you rent out 25 at $1500 ( low end estimation ), and that's not including down payments / collateral / other security.
If short term, you can lease for 1-2 years, then market to sell ( depending on market at that time ), or rent-to-own and qualify the renter to cash out, or mortgage a note to the new buyer ( no qualifying for them / you already qualified them ) and you cash out.
But for property acquired so cheaply, why would anyone sell a cash cow with that kind of ROI? Only so I'd say to acquire something with a better ROI and well leverage if necessary.
If kept long term from this point on, it can be leveraged sparingly to acquire other performing assets, but I advise to do so ever so lightly and with a short term out.
3 months of strong buying in that fast money market has created some quantifiable results with the real estate market showing a pulse at the top of the 2nd Quarter.
Yet, sad to see mortgage rates bounce almost one percent recently, stinkin' banksters.
One real estate agent was telling me single family homes are down 50% directly from banks with almost easy qualifying, yet the bank is selling them in bulk of 25 and more at around $40k each, and that is in the Southern California area. Lots of inventory on hand, but no loans made on these, the bank wants to see cash / a balance somewhere. They will do no loans no matter what your leverage ( supposedly ).
Hmm.
Each of those could garner $1500-$2500 a month depending on the specific area, but either way, the ROI is attractive. Do the math if you know how... if not, here is your chance to contact me and ask that simple question.
If you want to cash flow long term, lease them in 1-5 year intervals. You'll have your cash back in about 2.5 years, and then on its quite the monthly flow, huh!? $37500 if you rent out 25 at $1500 ( low end estimation ), and that's not including down payments / collateral / other security.
If short term, you can lease for 1-2 years, then market to sell ( depending on market at that time ), or rent-to-own and qualify the renter to cash out, or mortgage a note to the new buyer ( no qualifying for them / you already qualified them ) and you cash out.
But for property acquired so cheaply, why would anyone sell a cash cow with that kind of ROI? Only so I'd say to acquire something with a better ROI and well leverage if necessary.
If kept long term from this point on, it can be leveraged sparingly to acquire other performing assets, but I advise to do so ever so lightly and with a short term out.
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