OT: Opportunity of a Lifetime

[playsmart]

are you taking bids for rent?
im defly interested.

joe i pm'ed you but my sent box is still empty for some reason..

[ShipIt77]

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Where in Austin?

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Just west of Barton Square Mall, what I'm told is a nice area.

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this is in Westlake (78746) which is the nicest area in Austin

[z32fanatic]

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does this start in the fall or at the turn of the year?

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If all goes well we'd like to start ~September 1st.

[relativity_x]

an 800k loan for 30 years with 8% interest is 5.8k a month.

an 800k mortage laon for 15 years with 6% interest is 6.7k a month.

If you're having 5 guys pay 1.2k a month, that's 7.5k.

[rwesty]

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an 800k loan for 30 years with 8% interest is 5.8k a month.

an 800k mortage laon for 15 years with 6% interest is 6.7k a month.

If you're having 5 guys pay 1.2k a month, that's 7.5k.

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Yes, the owners can expect to make money because they take on the risk of renters not paying, real estate prices dropping, etc... I don't know the rental/real estate market in Austin but I suspect that it could still be a good/fair deal for both the renters and the people buying the house.

[cha59]

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an 800k loan for 30 years with 8% interest is 5.8k a month.

an 800k mortage laon for 15 years with 6% interest is 6.7k a month.

If you're having 5 guys pay 1.2k a month, that's 7.5k.

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Yes, the owners can expect to make money because they take on the risk of renters not paying, real estate prices dropping, etc... I don't know the rental/real estate market in Austin but I suspect that it could still be a good/fair deal for both the renters and the people buying the house.

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I agree. The owners are taking the risk and should be compensated. In addition, the mortgage is not the only expense. There are property taxes, insurance, utilities, maintenance, etc. Without going into too much analysis, what they are asking seems fair at first glance.

[MEJG2]

Obviously a lot of the posters have yet to buy their 1st house...

Don't forget taxes, property ins, PMI or higher interest on a 2nd, association fees, upkeep, etc...

[Rounder2k8]

Looking at that house makes me cry, you guys are so lucky...I have to get better at poker so i can get something like that..lol..that's the kinda life i want..time to sign up to sngicons.

[terrellk11]

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an 800k loan for 30 years with 8% interest is 5.8k a month.

an 800k mortage laon for 15 years with 6% interest is 6.7k a month.

If you're having 5 guys pay 1.2k a month, that's 7.5k.

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Since when does 5x1200 = 7500?

[Jbrochu]

[ QUOTE ]
[ QUOTE ]
an 800k loan for 30 years with 8% interest is 5.8k a month.

an 800k mortage laon for 15 years with 6% interest is 6.7k a month.

If you're having 5 guys pay 1.2k a month, that's 7.5k.

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Since when does 5x1200 = 7500?

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