Appraised value = 345,000 45,000 equity for quick sale OR YOU CAN GET MONEY BACK AT CLOSING!
For all you first time real estate people, caveat emptor on Cal real estate. The crash is coming. secure your future with solid locations and tenants with a property that will actually make money with little or nothing down- just read up on specific markets. Dallas tx is the #2 home for Fortune 500 businesses and one of the only cities in the country where you can still purchase positive cash flow properties without having to put down 35-85%!!! Additionally, if you go to the seminars and people are telling you to ask all the questions (i.e. why are you selling, how much do you owe etc.) and then you go looking for properties using the MLS and real estate agents, you'll rarely ever get your questions answered and your needs met. Likewise, it is highly unlikely you'll ever recieve cash back at closing, unless you are dealing with the seller directly. So here is my situation: 3 condos #241=1450 sq ft #102=1450 sq ft #106=1000 sq ft Rents #241=705/month #102=1098/month #106=950/month I have three condos located at 5818 E University Blvd in Dallas tx. You can look up the appraised values at www.dallascad.org. The area is right next to Southern Methodist University and in one of the fastest appreciating areas in Dallas (Park Cities). Although our appreciation rates are a mild 8-12% per yr, the properties all have VERY stable tenants who pay on time every month. The properties rent for 950, 1098 and 705 respectively and carry themselves with practically nothing down. The rents have not been raised in over 4 years and rents should be going for roughly 1350 for the two larger units (especially if you rent to the wealthy SMU students) and 1150 for the smaller unit. I am living in Austin TX and b/c of my knowledge of the local community am bringing my holding down here. I would like to sell the Dallas condos to someone who is an interested buyer. I am willing to work out a deal with rgds to a small amount of money back at closing etc. I have a few properties down here I need to move on in the next 60 days so time is of the essence. Please call/email if interested btw- there is a link to dallas morning news story on real estate prices and areas around dallas for today, and they mention park cities as the #1 area Also- if you want PDF appraisals from May, I have them. Andrew Ewig 512-736-4558 [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
