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lloydchristmas_29
Joined: 14 Aug 2004
Posts: 4
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 Posted: Sat Aug 14, 2004 4:45 am Post subject: Real estate appraisers, I need some advice.? |
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| I'm looking into buying a small apartment to rent out to earn a little extra money. I know the landlord and I know he'd sell me the unit. I need some advice. The unit is a small one bedroom, just 575 sq feet. New carpet, 100 sq foot deck that's not included in the unit's square foot. It is six blocks from a lake without a view. Town is small, just 1,700 but in the states biggest tourist attraction for chicago commuters. Want to know what I should offer to buy for, and what I could rent for. I know it is all realitive but the best guess for my info. Does anyone recommend or not recommend this for an investment. Thank you. |
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TheSender0841
Joined: 28 Aug 2004
Posts: 3
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| Posted: Sat Aug 28, 2004 7:38 pm Post subject: Real estate appraisers, I need some advice.? |
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| Sorry, there is no way to give you a good answer on this question. The best thing for you to do is to hop on the net. Check one bedroom prices in the neighborhood and look at sales that have closed withing the last 3 months. Try the Yahoo real estate section and you should be able to find some listings in your town of preference. It would help if you had given the name of the town. Good luck! |
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ChampDog
Joined: 12 Sep 2004
Posts: 4
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| Posted: Sun Sep 12, 2004 10:31 am Post subject: Real estate appraisers, I need some advice.? |
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| If I can make sure my rent can earn more than the mortgage's interest, I will go for it. |
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