Magazine Subscriptions

Comments(4)

• 
  kobekatt1st March, 2005

  I, too, would love to hear if there are any Creative Real Estate Investing magazines...anyone know any and can recommend them?

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  InActive_Account1st March, 2005

  My credit rating is 618, where does that actually full.
  Could someone give me an idea on a scale from 500- to 800?
  
  How does one get the score higher, other then paying the payents on time and paying off debt. But you want to keep some debt/. How much is to much?

• 
  mojojojo_123rd February, 2005

  I plan on making money as an agent the typical way, but I want to learn on how to be a investment type agent, becuase that is what really excites me and that is what i want to do.
  
  I have been looking around and trying to find a "deal" this is the best one i could see. is it worth it, is it presnted correctly?
  
  A tri-plex is going for 225,000 in Sacramento. They are studios, and two have current leases at 550.
  Lets say he pulls out 235000 on a cash out 1st at 5.70APR, making mortgage payments about $1400.
  Lets say the extra money goes to doing touch ups ect. and rent is on average 600. thats 1800 a month
  
  Lets say lack of rent, fixing, and managent cost 200 a month on avg per year (correct me if i am off)
  1800-(1400 mort. +200 rental cost)= 200x 12=2,400
  
  Tax benefits-
  The investment depretaition, if you can depretaite it,
  is 225000/27.5 = 8181.81
  Interest on primary residence loan is around 14,000
  for the first 5 years on a 30 year fixed.
  14000+8181= 22,181 tax write off, probably even more.
  Lets say he makes around 100,000 (fairly close)
  100,000-22,181=77,819 his tax braket is 28%
  he would have paid 100,000 x 28%=28,000
  now he pays 77819x 28=21,789
  28,000-21,789= a 6211 tax savings
  
  Equity earnings will be at least around 4%, any more will directly raise his return 225,000x4% =9000
  lets add it all up
  2,400+6,211+9000=17,611
  
  the yearly return is about (17,611/235,000) 7.5%
  
  is this about right? should the reuturn be higher or lower? thanks

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  mojojojo_11st March, 2005

  thank you