ProInvestor
New Contributor
Gday (one guess from where I come from.... apart from the RD forums ;> ),
Here is an interesting dilemma I have:
Own 7 houses, bought for under $50K (with mortgages around $50K).
Could sell for $120K, however I would have to spend around $7K+ (say up to $10K) on each (sell on open market).
OR
Rent said houses to Gov/Company (very secure) for around $180 (so would have to still spend $7K+. Probably willing to sign 2/3yr contract with CPI increases.
OR
Rent for $140K and do no repairs, 2/3yr contract with CPI.
If I sign just a 2 yr contract and then sell the Gov/Company will prob. be pretty pissed off with me, so thats something I want to avoid big time. 3yrs they probably would be less pissed.
So any thoughts???
Here is an interesting dilemma I have:
Own 7 houses, bought for under $50K (with mortgages around $50K).
Could sell for $120K, however I would have to spend around $7K+ (say up to $10K) on each (sell on open market).
OR
Rent said houses to Gov/Company (very secure) for around $180 (so would have to still spend $7K+. Probably willing to sign 2/3yr contract with CPI increases.
OR
Rent for $140K and do no repairs, 2/3yr contract with CPI.
If I sign just a 2 yr contract and then sell the Gov/Company will prob. be pretty pissed off with me, so thats something I want to avoid big time. 3yrs they probably would be less pissed.
So any thoughts???
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