This property received multiple offers above asking price - due to increased interest in the LOCATION as well as TURN-KEY CONDITION of property.Home has excellent rental income potential.Single Family ResidenceBeds: 3Baths: 2Square Footage: 1,297 sqftLot Size: 7,361 Sq FtCOMPS: 2 similar properties sold in Apr 2020 - one for $287,500 and the other for $315,000 BUT both are 2 BR, 2 baths WHEREAS my property is 3BR.CMA available on request.Asking Price = $256,000Property Taxes - Annual = $2064 - Monthly = $172Insurance - Monthly = $84Monthly Rental Estimate (as per Market Comps) = $1800-$2100DESCRIPTION: Gorgeous mountain and city Lights view from Living room, dining room and master bedroom.

They take on a bunch of risks and when asked, they aren't even aware of the potential upside compared to buying a pre-construction. 

Meanwhile i'm trying to get a pre-approval letter or a proof of funding,trying to get ready before that phone rings.Man..Waiting for that first deal is killing me, but gotta start somewhere,don't I

Dust wipes pick up dust you don't see.Education is something that will help you with this one, definitely ask the inspector a lot of questions in a pre-purchase inspection, it will help you be prepared.

Next we have to deduct the $1,200 a month that you want to net each month to see the max you can afford each month in mortgage payments and to also see the max amount that the mortgage can be.That being the case, subtracting $1,200 from $2,209 leaves $1,009 a month for mortgage only payments, which equates to a conventional 30 year mortgage of about 159k at 6.5% APR (ask a lender to run some number for you).Step 4.

If your original loan is less than 4-5 years old, it may have a pre-payment penalty written into the mortgage.

Views are fantastic and it gets us 30 minutes closer to the ski resort.

I have an STR near Breckenridge CO that I stated operating this ski season.

You'll want northern Michigan for all the skiing and snowboarding demand.

They can park an operating vehicle  and store a bicycle and skis/snowboard (no non-operating vehicles).