Lapeer MI | Rents Are On The Rise | Homeownership Remains Cheaper Than Renting There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped A recent article by Apartment List addressed rising rents by stating: “Our […]
Yes You Can! Become the proud owner of this 3 bedroom ranch with lake privileges and open floor plan. New roof in 03, new well-furnace-hot water heater in 04, new paint-carpet, new water softener. Washer, dryer and dishwasher stay, ceramic floors, many updates. Fenced yard, storage sheds, garden space, paved road. Look at these numbers: […]
I have a 4 unit apartment complex in the Village of Dryden for sale. All occupied, well kept historical home, in downtown Dryden. Look at these numbers… Purchase price = $210,000 7.5% down at 3.25% for 30 years* Principal-interest-taxes-approximate insurance = $1,161 Rent out 4 units = $2,050 $2,050 – $1,161 = $889 gross profit […]
95% of REOs need rehab, analysts say…post found in RealtorMag from 04/16/12…talks about investors buying up foreclosures in bulk… Investors are buying up foreclosures in bulk, viewing the potential returns from REOs-to-rentals as better than most other investments. But experts caution investors to be careful that they don’t take on more than they can handle, […]