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OneHungLo · 06-27-2011, 02:26 AM

I'm looking at an investment property that I could buy for 220k. It has NOI of 30k which comes out %13 cash on cash. Place is in real good condition, good location and a solid rental history.

5% of my money is gold
15% is in other investment properties
5% in stocks

The rest is sitting in a money market fund earning me fuck all right now.

Looking to put some of money money to work right now since it's getting me dick and was considering buying cash.

Prices are down 50% what they were a few years ago and I'm sure they could keep going down, but people need a place to live...

Anyone else buying up investment properties with cash?

good / bad idea?

06-27-2011, 02:26 AM
OneHungLo So Fucking Banned Industry Role: Join Date: May 2001 Location: Your mom's front hole Posts: 40,906	Buying investment properties with cash. I'm looking at an investment property that I could buy for 220k. It has NOI of 30k which comes out %13 cash on cash. Place is in real good condition, good location and a solid rental history. 5% of my money is gold 15% is in other investment properties 5% in stocks The rest is sitting in a money market fund earning me fuck all right now. Looking to put some of money money to work right now since it's getting me dick and was considering buying cash. Prices are down 50% what they were a few years ago and I'm sure they could keep going down, but people need a place to live... Anyone else buying up investment properties with cash? good / bad idea?