Any slumlords in the hizzous?

[smackaholic]

Now that the market has taken a dump and the rates are still stupid low, I am looking at buying a 2 family in town. Needs a roof along with a bit of exterior trim work, and some outside paint. Inside is pertty damn nice, as rentals go.

It is in a commercial part of town on a busy street, so no matter how nice you fix it, it will never bring top dollar, but, I think it will bring 700-800 per unit. Taxes 2800. Asking a little over 90K. They have already refused an offer of 68K.

I think that if it can be bought for under 80, with another 10 put into it, it would see decent cash flow.

What do you real estate mensas think?

[ucantdoitdoggieSTyle2]

Dude. You live in Ellington, right?


I bet that "busy street" sees more tractors than cars.

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But seriously... is it 140 or 83? No... wait. 286?

[Van]

Now that the market has taken a dump and the rates are still stupid low, I am looking at buying 2 families in town.

Don't do it. Your soul is tortured enough, as it is. Besides, you claim to hate steamed rice, and the smell of urine.

[smackaholic]

Dude. You live in Ellington, right?


I bet that "busy street" sees more tractors than cars.

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But seriously... is it 140 or 83? No... wait. 286?

83, spittin' distance from rockville, so, it hardly sees any tractors at all. 2 miles further north and I would say it's about 50/50 car/tractor. Ofcourse, the price would be 50k higher as well.

Actually, we're big time now. We got a big Y and a McD's.

Best case scenario would be that the suburban sprawl that's hit ellington over the last 5 years will continue towards rockville and somebody would pay good $$$ to "blow it the fukk up" to use your words, and make it into a burger king.

[smackaholic]

Now that the market has taken a dump and the rates are still stupid low, I am looking at buying 2 families in town.

Don't do it. Your soul is tortured enough, as it is. Besides, you claim to hate steamed rice, and the smell of urine.

yeah, but I like a good basket fukk as much as the next squid.

[smackaholic]

Now that the market has taken a dump and the rates are still stupid low, I am looking at buying 2 families in town.

Don't do it. Your soul is tortured enough, as it is. Besides, you claim to hate steamed rice, and the smell of urine.

[Wolfman]

Not my idea of a fun way to make $$--- I did the Bob Vila thing on my old place back in CNY--once is enough even when it is for yourself !

[smackaholic]

Wolfie, anybody trying to get ahead in real estate in NY state anywhere north of oh, say, central park is fighting an uphill battle for the last 40 years or so. I can see why you would be hesitant.


Other parts of the country actually saw economic prosperity over the same period. Even if the place doesn't appreciate much (and multi family rental property tends to fall in that category) it should still have decent cash flow through rentals.

I'd also like to give the house flip thingy a shot one of these days, but, I think there's still a little downside left on the single family home market. There are a few in rockville, but, they are pretty damn rough. I'd rather start with fairly simple, mostly cosmetic stuff rather than a rip it down to the studs and start over deal.

[Moving Sale]

Dude. You live in Ellington, right?
I bet that "busy street" sees more tractors than cars.

Running geosmack from Mass. Brilliant.

[Moving Sale]

Asking a little over 90K. They have already refused an offer of 68K.

This is for a mobile home right? How much does a real house cost?

[smackaholic]

Asking a little over 90K. They have already refused an offer of 68K.

This is for a mobile home right? How much does a real house cost?

It's a "real" 2 family house. Actually, it is likely an old farmhouse that was converted to a 2 family many years ago.

In case you hadn't heard, there's a real estate crash going on. What's a real house worth? Hard to say with this market. This one will need a roof and a little polishing up. I would guess that if it was ready to move into with a new roof, it'd be worth 100K, giv'er take a few thousand, in this shitty market.

[ucantdoitdoggieSTyle2]

Dude. You live in Ellington, right?
I bet that "busy street" sees more tractors than cars.

Running geosmack from Mass. Brilliant.

Having spent almost 25 years residing a few towns over from Ellington, I think I'm qualified to run 'farming community smack' on the town. I'd be willing to bet it still smells like your posts manure. Thanks for playing, douche.

[smackaholic]

Dude. You live in Ellington, right?
I bet that "busy street" sees more tractors than cars.

Running geosmack from Mass. Brilliant.

Having spent almost 25 years residing a few towns over from Ellington, I think I'm qualified to run 'farming community smack' on the town. I'd be willing to bet it still smells like your posts manure. Thanks for playing, douche.

The low sections of Smellington near the dairy farms are indeed, quite pungent, particularly in the summer. Fortunately my house is far enough up the hill that I don't get it unless there a pretty good breeze blowing in just the right direction.

As for it smelling like TiVO's posts, nahhh, cow shit doesn't smell near that bad. I'd put his posts in the hog farm category. Now, that's some stinky shit.

Ucunt, you're from enfield, right? I'll take Smellington any day. Infact, the cleveland tourism video's motto could have been, "At least we ain't Thompsonville." The rural part near Ellington is kinda nice though.

[Moving Sale]

I think I'm qualified to run 'farming community smack' on the town.

True. One thing you are not qualified to do is read a post and understand what it is saying. Nice try though.

~~~~
Racistaholic,
You live in a shit hole. Quit trying to spin it any other way.

[Moving Sale]

When I want your opinion I'll go to a klan meeting.

[smackaholic]

You're right TiVO. I live in a wretched town in a pathetic state.

So, there will be no danger of you moving here, right?

[ucantdoitdoggieSTyle2]

One thing you are not qualified to do is read a post and understand what it is saying.

Are you trying to spin that me living/working in Boston is a bad thing? If that really was the point you were attempting to make, then you're even dumber than I thought.

Perhaps I can move to some little shit college town when I really "make it" in life, eh Mr. SLO?

[smackaholic]

I thought boston was a shit little college town?

OK, it's a shit medium sized college city.

[Moving Sale]

Are you trying to spin that me living/working in Boston is a bad thing?

And it only took me beating you over the head to get you to understand a post.

Congrats.

Perhaps I can move to some little shit college town when I really "make it" in life, eh Mr. SLO?

Most anything outside of Boston is a upgrade.

[ucantdoitdoggieSTyle2]

And it only took me beating you over the head to get you to understand a post.

I have problems comprehending those who lack the ability to articulate posts with any meaning or value. Thank you for the follow up post to further cement your idiocy.

Most anything outside of Boston is a upgrade.

Yeah... the history, culture, sights, and high paying jobs really suck ass. Midget tossing is not really big in Boston, so you're not welcome here.

[smackaholic]

I'll bet there's plenty a southy drunken mic white trash that would be more than happy to toss the little fella around free of charge. I think he'd be more at home out in P-town, though.

[ucantdoitdoggieSTyle2]

I think he'd be more at home out in P-town, though.

Yeah... he'd be quite the accomplished cock snorkler. His height, or lack thereof, would make him a perfect fit in this field.

[Terry in Crapchester]

I thought boston was a shit little college town?

Boston isn't much of a college town.

Sin,