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Old 08-26-2005, 11:27 AM  
EroticySteve
Confirmed User
 
Join Date: Mar 2005
Location: The Sunshine State
Posts: 4,365
If the diference in monthly payment is a few hundred dollars per month between a house that needs work and a place that has been renovated extensively go for the renovated house. I can find a much easier ROI spending cash on other investments than housing. The money that would go into renovations is then locked up until a sale. Should a market turn or the house become unsellable, I have little to no money out of pocket. It's easier to get in and out when you have little interest in the property.
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email steve <at> eroticy.com - icq 290153464
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