Busy Mind
8 09 2011Spoiler alert – this post is about one of my listings 
My mind is busy, stuffed, running, going 100 miles a minute, cluttered. What ever you want to call it, I had a lapse in focus this morning because of this Busy Mind issue. I don’t know about all of you but when I shower I have a routine. Shampoo, condition, face, body, rinse (top to bottom). Well, while my mind was focused somewhere else my shower got all confused and out-of-order 
This is where my mind was!!
I was thinking about one of my listing this morning. We just reduced the price to $614,900. This picture is gorgeous but doesn’t do the home justice. You can read about the home specs on my featured listing page. That is besides the point.
The point is…I have come up with a solution to the shower predicament I found myself in this morning. You need to buy this home. Give me a call, I’ll get it all set up and worked out for you 
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Tags: For Sale, homes for sale, listing, mind, new price, purchase a home, Real Estate, routine, shower, southern Maryland
Categories : Pictures, Real Estate Related
Rental Property Investment
24 05 2011Just some food for thought here.
There are 23 active condo listing in southern PG county between $16,000-$45,000. Don’t believe me; take a look for yourselves. Now some of them do need work. Lets say $5000. Plus closing cost. Lets estimate high and say $3000. So for roughly $53,000 cash you could be the owner of a monthly rental income, and that is if you purchase one at the $45k. These properties rent from $900 for a single bedroom and up to $1600 for three bedrooms.
Brake down:
$53,000.00 initial investment
$500.00 yearly condo fee (owner always pays condo fee)
$500.00 yearly home warranty (always a good idea in case something breaks)
$1600.00 (equal to first mo. rent) Listing fee
——————-
$55,600.00 Total investment
If you rent it for $1600 a month it will take you around 3 years to get back your investment if you manage it yourself. If you have a management co. do it, take 10% off each month. At $1440.00 around three and a half years.
After that you have a steady income of the rent amount.
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Tags: buying, Charles county, investing, loans, market, money, property, Real Estate, renting, southern Maryland
Categories : Real Estate Related, Uncategorized
