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8 May 2015 | 16 replies
Look at the price history, sold in 2010 for 425K, listed 5 years later at 675K will most likely close over 700K.
6 May 2015 | 5 replies
hi,my name is dave atchison,i moved to phoenix az from fargo north dakota,when i was 19 years old. that was december of 1979,i have seen the town go from 1 to 4 million in those 36 years. i am soon to be 56 years old,married 35 years,2 grown daughters who are nurses,maybe be a grandpa some day.i got into real estate investing kind of by accident. i was 20 when i bought my first home,as the apartment i was living in had bugs, and i could not get them to leave,so i left. i bought my first house in 1980,i had to sell my paid off car to get the 3k down payment,then i paid cash for a $500 rambler car..lol bugs and a rambler..2 years later the home was worth 40k more than i paid for it,my payment was same as my old rent. i got married and my wifes job was on the other side of town,i felt so much pride of ownership for the home,i kept it and rented it out in 1985,and we bought a nicer home more centrally located. now i have 8 paid off single family homes,and 2 paid off condos. the condos are 150k range,the homes 225-275k. phoenix is a boom or bust town,so when we moved to our next house,had kids and out grew it, we were in a recession,so i would have lost the 30k we saved to put down and remodel it,so came the second rental. i have been lucky we have been able to live off one income in our marriage, and invest the second income in real estate and mutual funds. and i always worked a job and a half to earn more. i would flip homes,condos,raw commercial land years 1995-2005 also,and invest those in more rental homes. the crash of 2008 saw us buy more rental properties at 50 cents on the dollar. i think residential real estate is just 1 safe place to put your money,mutual funds,and your own business being other good places. i have 30 years landlord experience,and 25 years commercial building experience. it would be nice to develop ,and build and run, a 30-40 unit a rated apartment complex. i have the experience now,and i have never had a problem in 35 years leasing out any of my places. in the recessions of 1990 and 2008, i did have to lower rents $100 per place, for 2 years,and take tenants with lower credit scores. i have only had 1 eviction in 35 years of being a landlord. i got in to real estate by accident,but stayed in as it became a passion,the properties almost take on a life of thier own ,and speak to me,to tell me to take care of them cause thier worth it,if they are in a nice area,i never invest in an area i would not live myself. i am big on real estate being free and clear,as my places have been for 5 years now. even being free and clear and managing them myself, i only average about 11-12% returns,i dont count appreciation,only cash flow.. i tried to post a pic 3 x but it wont work?
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21 June 2016 | 28 replies
Best part is, I now have a baby daughter and my job is less stressful and less hours and I still have a great manager who deals with the not-so-fun landlord stuff.
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18 June 2016 | 3 replies
He moved into my 2 bedroom suite with his 21 y/o daughter. 6 months into the lease he told me he had a family emergency and needed to leave the province.
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30 June 2016 | 22 replies
The only thing I was technically worried about was the infamous “two years of verified work history”.
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30 June 2016 | 16 replies
This includes taxes paid, parcel number, deed type, physical location, permits pulled, code violation history.
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27 June 2016 | 3 replies
When looking for start up cost, its typically required to have an existing business with a good history, which would entice a lender to give you money against it.My PERSONAL opinion is a little tough.
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27 July 2016 | 2 replies
I want to be able to provide for my family without having to miss out on my daughters childhood
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1 August 2016 | 7 replies
Check out his past history on utah right to know website you might be surprised what you find, possession and dui charges."
27 August 2016 | 8 replies
Over three years ago, my family rented a private house to a man, who brought with him three women: his cousin, his sister, and her daughter.