Posted by Andy on May 04, 2006 at 10:09:47:
The list was just a list of all properties between 5-10 units, in my town(Columbia,MO), had an assessed value no higher than 250k, list also included name and address of owner. They were not in foreclosure or anything like that. I bought it from a couple who had built it 30 years ago and had retired 2 hours away and didnt want to manage it anymore from that distance.
Sale price, about 213K
Actual monthly rents, $2480
Market monthly rents, $3080