Re: A little sad....but good - Saab General Bulletin Board - Saabnet.com
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Lorain, Ohio - less than a mile from Lake Erie. Houses around here are selling for pennies on the dollar. I can view the only local high school from my front door - we at one time had four in the city. There is a construction fence currently around it because it going to be torn down and a new one built within the next two years. Things can only get better, so I can't lose if I decide to dump the properties in a few years. A 30-year plan is $36k in rents/year for over a million in income. A retirement 401k won't get me that.
They will be insured for replacement cost - ~$300k each, so may be I could afford to build a hotel on site if I burn them to the ground. :)
->Posting last edited on Mon, 22 Oct 2012 15:07:33.
Posts in this Thread:
- Good things can happen to people who work hard., DougM , Mon, 22 Oct 2012 14:03:06
- Re: Good things can happen to people who work hard., turbocon86, Tue, 23 Oct 2012 07:48:40
- wow, SRS900S, Mon, 22 Oct 2012 21:51:13
- Pay down the loan with some of the profit..., Mark from Toronto, Mon, 22 Oct 2012 20:26:43
- A very good deal, RS , Mon, 22 Oct 2012 19:06:36
- Congratulations, Tim, Mon, 22 Oct 2012 18:55:45
- Congratulations!, MI-Roger , Mon, 22 Oct 2012 16:23:50
- Re: Good things can happen to people who work hard., NCCaniac , Mon, 22 Oct 2012 14:30:10
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