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Hidden costs in owning fedex routes
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<blockquote data-quote="dmac1" data-source="post: 2519476" data-attributes="member: 60252"><p>I can show you a half dozen properties where I live that sell for $120-$140k that rent for $800-$1000 a month. Take just one- $140k, $35k down, PITI around $725. And if the owner will carry a small second mtg, your net gain after a long enough period is even better. Sell in ten years, and you would easily more than double your initial investment.</p><p></p><p>I personally bought a small apt complex with $34k down, poured the positive cash flow back into it, and that $34k was $140k in 4 years, before capital gains taxes. I did put a lot of labor into it- maybe 500 hours over the four years.</p></blockquote><p></p>
[QUOTE="dmac1, post: 2519476, member: 60252"] I can show you a half dozen properties where I live that sell for $120-$140k that rent for $800-$1000 a month. Take just one- $140k, $35k down, PITI around $725. And if the owner will carry a small second mtg, your net gain after a long enough period is even better. Sell in ten years, and you would easily more than double your initial investment. I personally bought a small apt complex with $34k down, poured the positive cash flow back into it, and that $34k was $140k in 4 years, before capital gains taxes. I did put a lot of labor into it- maybe 500 hours over the four years. [/QUOTE]
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