Monthly Archives: October 2005

St. George Utah land

A few weeks ago I was on a plane and happen to sit next to a developer. We got talking and he told me about some land he had for sale in St. George. We exchanged information and a few … Continue reading

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Got some new construction appreciation!

Just got a new pricelist for my townhomes #1 & #2. The builder is currently selling my models at $165,900. I guess that makes me feel better about my negative cashflow.

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Numbers on the SLC townhomes

Here are the numbers on the townhomes: TOWNHOME #1 Purchase price – $141,000 Closing costs – $4,000 Total price – $145,000 Loans – 20% @ 6.5% IO = $157.00 80% @ 5.875 IO = $568.00 Taxes – $95.00 HOA – … Continue reading

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Both townhomes are rented

Good news, both townhomes (New construction townhomes #1 & #2) are rented. One was through Rent.com, the other through my property management company. Bad news, someone broke a window in one of the units while it was empty, costing me … Continue reading

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