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The Water Cooler
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<blockquote data-quote="swampratt" data-source="post: 3489923" data-attributes="member: 15054"><p>Sold last in 1994 for 46K I think it has gained in value for the owner.</p><p></p><p>Regular houses around it.!!!!!</p><p>I seen the huge house across the street Ridiculous huge.</p><p>I would not want to pay the taxes or the insurance or utilities on any of them.</p><p></p><p>And those things keep going up.</p><p></p><p>Does not matter what someone thinks a house is worth what matters is what you end up buying or selling it for.</p><p></p><p>Today is a different selling atmosphere.</p><p>Houses list for a certain price then people start outbidding each other and many sell for many thousands more than the asking price.</p><p>Oklahoma is a hot bed.</p><p>Moore is a good example of this.</p><p>Ridiculous what houses will bring today.</p><p></p><p>Ridiculous what rent is also even in crappy areas.</p><p>Say SE15th and High area houses can be bought for less than 10K and some there sell for 80K .</p><p>You can get 550 a month for a 600 square foot house there. </p><p></p><p>I would have never believed it.</p><p>Buddy has a couple $5K houses and keeps them rented for that or more.</p><p>I spend 10-15 times that much and only get $300-$600 more for rent in a better area.</p><p></p><p>There is real estate math for you.</p><p>I recently purchased a $10K house and it will bring the rent just fine with minimal outlay in cash.</p><p>That is if you are looking at a bottom line.</p></blockquote><p></p>
[QUOTE="swampratt, post: 3489923, member: 15054"] Sold last in 1994 for 46K I think it has gained in value for the owner. Regular houses around it.!!!!! I seen the huge house across the street Ridiculous huge. I would not want to pay the taxes or the insurance or utilities on any of them. And those things keep going up. Does not matter what someone thinks a house is worth what matters is what you end up buying or selling it for. Today is a different selling atmosphere. Houses list for a certain price then people start outbidding each other and many sell for many thousands more than the asking price. Oklahoma is a hot bed. Moore is a good example of this. Ridiculous what houses will bring today. Ridiculous what rent is also even in crappy areas. Say SE15th and High area houses can be bought for less than 10K and some there sell for 80K . You can get 550 a month for a 600 square foot house there. I would have never believed it. Buddy has a couple $5K houses and keeps them rented for that or more. I spend 10-15 times that much and only get $300-$600 more for rent in a better area. There is real estate math for you. I recently purchased a $10K house and it will bring the rent just fine with minimal outlay in cash. That is if you are looking at a bottom line. [/QUOTE]
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