It's May 13, 2024, 01:08:41 AM
soz i dnt understand tis. did u buy the house for 479,00 or did u buy out the owner and is paying his mortgage?
so how much did you actually have to pay out to buy dude out ..you're expecting the payments to be covered by renting it out ?how long is left of the term.. another 10 years?good investment for the future once you have it up and generating income.
that's what I wanna do, I want to buy industrial buildings tho. no maintenence.
Quote from: Suga Foot on March 14, 2005, 02:57:54 PMthat's what I wanna do, I want to buy industrial buildings tho. no maintenence.How will there be no maintenence?
An industrial builing only needs walls and a roof. I'd put heat and basic wiring in it, but after that, the tennant pays for everything else. It isn't maintenence free, but it's a lot less work than residential or commercial.
Quote from: Suga Foot on March 14, 2005, 05:36:31 PMAn industrial builing only needs walls and a roof. I'd put heat and basic wiring in it, but after that, the tennant pays for everything else. It isn't maintenence free, but it's a lot less work than residential or commercial.You gotta take care of the landscaping, snow removal (if necessary), parking lot, painting and fire & security systems but it would be less work than an apartment building or condo.
Bought my first house today $479,000.Paid off the owner and taking over payments on a house that was about to be foreclosed haha America is great I'm gonna fix it up a bit and start renting it out.<Gonna be worth a quarter billion