$900 Monthly income on $15,000 Investment

[Alex Hamilton]

1. 2032 General Cleburne Ave has long term Tenant paying $850 per month.  Will owner finance this 3 Bedroom two full bath, two car garage, 1500 SQ feet property for $650 per month with a $10,000 Down Paym

[Alex Hamilton]

Originally posted by @Alex Hamilton:

Originally posted by @Wayne Brooks:

Okay, so the "$900/mo income on $15k", is not remotely accurate.

            $850/mo. Rent

            $650/mo pmt

            $???/mo insurance,taxes, repairs, etc

Equals a Negative income per month.

 I know that, Mr Brooks is not "remotely" interested in a property in Baton Rouge, Louisiana but, $15, is a requested down payment on an owner financed contract with a Balance of $94,000.  $900 per month is income until August 1st, and Lease increases to $1,2000 per month. Property is Occupied, and needs no "repairs, etc".  I pay insurance  is in the $650 a month Note financed @ 3%.  This house is under charitable Trust with no Tax required.  Even if Tax payments were required, Brooks comment  equals a total mis- understanding of the Advertisement, and positive income per month, now and after a $1,200 a month rental increase.

How Mr.  Brooks comes up with insurance and Taxes, without a copy of my Mortgage Statement escapes me.  Plus, claiming a house needs repairs without  ever stepping foot in the house, is unreal