News

March 1st, 2005:

Over the last month I have been very busy with getting this site up and running, expanding my software company, and looking at many investments. I did take action and make moves to purchase two properties this month, but unfortunately on both occasions there were multiple offers presented and my offer was out bid. Listed below are the specifications of each property I tried to purchase:


1. Side by side Duplex
  • 3 BR / 2 BA per side
  • Detached 3 garage + extra parking
  • Great area
  • Built in 1968
  • Newer roof
  • 2280 sq ft
  • Listed price: 179,900
  • Taxes: $3259
  • Insurance: $1200
  • Rental Income: $1800
  • My Bid: $180,000
  • Sold price: $200,000
2. 5 Suite Apartment
  • 3 1 BR / 1 2 BR / 1 3 BR
  • Parking for 6
  • Great area
  • Built in 1972
  • Newer roof
  • Low vacancy rate
  • Rent currently below market
  • Coin Laundry Income 960/yr
  • Listed price: 149,900
  • Taxes: $2584
  • Insurance: ~ $1500
  • Heat: $3981
  • Elec/Wtr: $1500
  • Rental Income: $2235
  • My Bid: $140,000
  • Sold price: ?