For those who hold more than 15 houses - Posted by slowday

import · October 27, 2003, 4:43pm

Posted by calgal on October 27, 2003 at 19:09:55:

Thanks for posting your brief synopsis of investor guidelines for residential income properties. It definitely helps me by clarifying and proving sound guidelines for investing in real estate. Certainly your portfolio exemplifies the recommendations of many real estate investor educators to purchase properties at about 20% or more below market value that are affordable as rentals for the vast majority of average income earning individuals and families and thus relatively easy to find tenants as well as buyers for when the time comes to sell if desired.

import · October 27, 2003, 4:43pm

Posted by slowday on October 27, 2003 at 17:43:15:

I’m just wondering what price range you guys/gals are working in? I’d also like to know what the median price of houses is in your area. AND, if you have more time I’d also be interested in what kind of rents you’re able to get and what ltv you own these houses at.

Your input will be greatly appreciated and hopefully read by many who could also probably benefit from your experience.

Thank-you,

Mark

import · October 27, 2003, 5:33pm

Re: For those who hold more than 15 houses - Posted by slowhand

Posted by slowhand on October 27, 2003 at 18:33:19:

we own multiples of 15 single family houses,

rents range from $500 To $2000.

most are financed at 80 -90% of purchase price.

our purchase prices are generally in the range of 70 -85% of fair market value.

median price range in area about $150,000

we have recently bought in the price range of $30,000 -$125,000

but i’m not sure how any of this helps you, please explain?