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Old 09-28-2005, 10:21 AM
flyingnutcase
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Default Re: [IncomeProperties] Seeking Investment Properties

I'm in Oklahoma County, Oklahoma City and the burbs. And the guys from the=
Land Of Fruits and Nuts are already moving in. But the deals are still he=
re, for now. I think Bush and Greenspan will screw it up before the CA gir=
ly men do. I don't normally do a deal if it won't cash flow at least $200 =
a month. Most of my properties are under $80,000 retail.
=20
Dutch


John B Corey Jr <john.corey@gmail.com> wrote:
Dutch,

Where in OK are you?

Consider yourself lucky if you are getting more then 1%.

I started investing a long time ago in San Jose CA. If you could get=20
close to 0.6% you were doing well. Certainly not possible to build a=20
portfolio with such cash flow. You could buy 1-2 and feed the alligator=20
until you cash out with hopefully good appreciation. The tax benefits=20
helped if you had a good income from a day job.

You definitely need to watch out for those CA investors carrying bags=20
of cash. They will drive the yields down by driving the prices up. Buy=20
all you can before they get there.

John

On 30 Jan, 2005, at 06:20, Dutch wrote:

>
> Thanks John. Makes sense, but 1% seems awfully thin. But I guess in=20
> areas with high values, that might be case. Here in Oklahoma, we are=20
> currently lucky enough to be cash flowing much better than that.=20=20
> Guess that's why all the rich Californians are starting to show up=20
> with bags of cash and buying every stick house around.
>
> Dutch
>
>
> John B Corey Jr <john.corey@gmail.com> wrote:
>
> 1% of the purchase price is equal to the rent received monthly. Implies
> an approximate 12% gross yield (rental income divided by purchase
> price).
>
> In many circles the 1% rule is the rule of thumb to see if a place is
> worth considering as a rental investment. Below that and the cash flow
> is too tight. 1% or above and the deal is generally a winner.
>
> John
>
> On 30 Jan, 2005, at 05:55, Dutch wrote:
>
>> What is the "1% rule"?
>>
>> Mike Edwards wrote:
>> I am seeking any 2-4 Plex Property that falls within the 1% rule for
>> an investment purchase if anyone has any leads
>>
>> thanks, mike edwards
>>
>>
>>
>>
>>
>> ---------------------------------
>> Yahoo! Groups Links
>>
>> To visit your group on the web, go to:
>> http://groups.yahoo.com/group/IncomeProperties/
>>
>> To unsubscribe from this group, send an email to:
>> IncomeProperties-unsubscribe@yahoogroups.com
>>
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>> Service.
>>
>>
>>
>>
>> ---------------------------------
>> Do you Yahoo!?
>> Yahoo! Search presents - Jib Jab's 'Second Term'
>>
>> [Non-text portions of this message have been removed]
>>
>>
>>
>> Yahoo! Groups Links
>>
>> =95 To visit your group on the web, go to:
>> http://groups.yahoo.com/group/IncomeProperties/
>>
>> =95 To unsubscribe from this group, send an email to:
>> IncomeProperties-unsubscribe@yahoogroups.com
>>
>> =95 Your use of Yahoo! Groups is subject to the Yahoo! Terms of
>> Service.
>>
>>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
>=20=20=20=20=20=20=20=20=20=20=20=20=20
> ---------------------------------
> Do you Yahoo!?
> Yahoo! Search presents - Jib Jab's 'Second Term'
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>



---------------------------------
Yahoo! Groups Links

To visit your group on the web, go to:
http://groups.yahoo.com/group/IncomeProperties/
=20=20
To unsubscribe from this group, send an email to:
IncomeProperties-unsubscribe@yahoogroups.com
=20=20
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.=20


=09=09
---------------------------------
Do you Yahoo!?
Yahoo! Search presents - Jib Jab's 'Second Term'

[Non-text portions of this message have been removed]
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