#17 rental was purchased today

[George P.]

just closed on #17. here are the details..

~1,085 sq. ft
-64k (asking was 69.9)
-2 beds, 1.5 bath (converted from 3 beds and going back to 3 beds)
- 1 car garage, car port and a shed in the back

major work - roof, skylight, paint cabinets, countertop, kitchen floors, bath update, put up a wall for a 3rd bedroom. maybe refinish the hardwood - budget? whatever it takes to make it nice

taxes - around 2,600-2,800, who knows what they will jump to
insurance - around $625 per year
area - C+ to B-

expected rent - $1,100-$1,150

here is a picture of the outside

[Kerry Baird]

Wow!  17 properties is mighty fine.  Well done!  As always, the financing part is of interest to the community, so thank you for your transparency in that regard.  Financing the bundle of properties with a commercial loan is a good plan...so good a plan, that I need to go look into it.  :D  All the best~