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did Tim say cash flowing properties are scarce?

philjones

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Aug 30, 2007
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I just got my offer accepted on a townhouse for $232,925.

My JV partner chipped in $62,000 including a $2769 staying power fund.

The current tenant, who wants to stay, is currently paying $1290 per month.

Our 40-year am monthly mortgage payment is $769
condo fee is $176
taxes are $86
and insurance is $41
Our bank account is growing $218 per month. All the risks are covered and the potential for value appreciation of this property is beautiful.

I have an opportunity to buy another unit in this complex. Give me a shout if this sounds interesting to you too.

Cheers,
Phil Jones
403-973-6805
 
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