My life in RE, Part 2 2008-07-17 19:01:21

[jy101]

My life in RE, Part 2 2008-07-17 19:01:21

1. indiana is secondary market, rate of return are much lower than prime area like chicago, rents are from 500 a one bedroom to 850 a four bedroom, turning property over to PM can save a lot headache, but the 10% is about all you make on the cash flow. I act as the PM and have a crew to do the physical works.
2. house price on the local market have already go up 50% to 80% for the low end houses over the last 10 years, but most of the entry level housing are still in 70 to 115k range. many of my SFH unit are double now since I bought, they were in the 50k to 90k range. and all my multi-unit properties were bought under 50k per unit.
3. and I am not that old, still almost 30 year before I reach retire age.

thanks for all, I had never wrote anything in my life, I just happen to brouse thru the site, and saw everyone sharing their stories, so I decide to put my 2 cents in.