Pictures of An Investment Property
After spending the past 12 months lightening my holdings, I currently have 5 investment properties left. 3 of them are in Salt Lake City and 2 are in Indianapolis.
Of the ones in SLC, two are located in Saratoga Springs with spectacular (spectacular to Californians who are used to “desert views” and dried-out shrubs) views Lake Utah. Here’s what one of them looks like.
And here’s the kitchen.
Its about 10 times nicer than my place in San Diego; at 1800 sq ft, its twice the size and and (with a 20% drop in San Diego prices and a 30% rise in SLC) only about 10% more expensive. But unlike my condo in SD, it sits on a quarter acre of land.
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October 2nd, 2007 at 6:04 am
What are your strategies for cash flow and profit on a property like this? I am new to real estate investing and trying to learn about the various strategies. Thanks.
October 2nd, 2007 at 7:09 am
Hi Matt
To understand my investment strategies, read
http://moneyshaker.blogspot.com/2005/09/how-i-started-investing-in-real-estate.html
and http://moneyshaker.blogspot.com/2005/10/understanding-real-estate-market.html
I bought in CA in 2003 and sold the properties in summer 2005. The profit was used to put 20% down on the 2 homes in saratoga springs.
I bought them very cheap at the bottom of a cycle. I recently refinanced them to pull my investment out. There’s still 20% equity in them since they’ve appreciated quite a bit. The rent just barely covers the full mortgage.
June 9th, 2008 at 11:02 pm
I came across Adventures in Money Making, or moneyshaker.blogspot.com recently and noticed very similar content to this site. One of the articles are flat out a copy of the other. Is the the same person owning both sites? Or is one copying the other?
June 10th, 2008 at 12:46 am
that was my old site. I’ve republished all the old content here.
June 10th, 2008 at 9:49 am
Oh I see. Excellent! So did you attach your blogger blog to this domain? If so, is moneyshaker going away?
June 10th, 2008 at 12:49 pm
No, i’ve kept it separate – the domain has value and it generates income!
I ran series of posts asking my subscribers to subscribe to this site instead, but the number of subscribers actually kept trending slightly higher – so I decided to keep it active. I now post unique content but its has a slightly different twist to it.