All Forum Posts by: Chong Liang

Aside from going to the county sheriffs office, what other resources are there to find preforeclosures?  I have heard about listsource.com, but that can get quite expensive.  Another site is realtytrac.com.  Any opinions?

At the current sale price cash flow would be negative.  The sales tax is about 11k.

Im looking at a small apartment house with 3 units with full occupancy yielding about $2800 per month in rent, however, the list price is $500k.  According to the the 50% rule this is not worth it, but it is in a nice neighborhood that will more than likely appreciate.  Is it worth the plunge??

Thats what I was thinking too, the property seems overpriced

The expenses include tax, management fee, vacancy, utilities, insurance etc.

Hi i'm new here, new to this arena.  I was looking into an apartment complex with 11 units most of which have been renovated.  Here are the numbers:

Gross annual income: 180,000

Expenses: 60,000

Net operating income: 120,000

30 year mortgage will likely cost me between 9,000-10,000/month.

Is this something worth looking into?