/* */

Friday, August 26, 2005

Philadelphia Investment #2

I put down an offer for a house on Wednesday and I heard the seller accepted the offer. The asking price was $149,900. I placed a bid for $142,000. The seller tried to push back, but eventually accepted my bid. This is going to be my first house. The house is located in Mayfair, in a very quiet neighborhood and near a deli and pizza shop. I'm looking to rent out the house for 800-900/month.

9 Comments:

At 8/26/2005 06:03:00 PM, Blogger 1 said...

Congrats I hope it all works out for you.
NYC Money

 
At 8/26/2005 06:20:00 PM, Blogger Poe said...

I wish I can find an apartment or a one bedroom condo for $ 142,000 where I live. Everything here is over 250,000 for a 500-600 square feet one bedroom one bathroom in an OK neighborhood. Congrats on your home though! I've yet to feel that first home excitement eventhough I'm the same age as you. Dammit!! Lol!

 
At 8/26/2005 06:21:00 PM, Blogger Poe said...

Another thing I noticed that rent per month will cover the mortgage payment as well, which is a great thing. Good luck!

 
At 8/26/2005 06:59:00 PM, Blogger Money Turtle said...

Congrats as well on your home purchase! Will you have a property manager to help collect rent / maintain the property?

 
At 8/26/2005 09:07:00 PM, Blogger Jose Anes said...

Congratulations! Good luck on the new real estate investment.

Money and Investing

 
At 8/28/2005 12:23:00 PM, Blogger Quit Smoking said...

Hi, I was just looking around some blogs and checking different templates for ideas. Good blog with a nice template. I can start my own blog on Learn to play guitar thanks to your blog. I will visit weekly by the way. Like your ideas.

 
At 8/31/2005 06:55:00 PM, Blogger Jonathan said...

Wow, finding a cash-flow positive place in this market is awesome. $150k houses... sounds like a fairy tale to me...

 
At 9/03/2005 09:46:00 PM, Anonymous YoungMiser said...

I think it would be interesting for you to post a series of blog entries describing your efforts for renting the property. It could start from the sale of the property all the way through getting your first client. Also it could detail all the expenses necessary to get the place rentable and any unforseen experiences you encounter.

Just an idea
tim

 
At 3/20/2007 03:35:00 PM, Anonymous Anonymous said...

Nice Blog. I will keep reading. Please visit my blog at:

The Internet Marketing Genius, Carael Knight

 

Post a Comment

<< Home