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Just Put an Offer on Another House

i dont know, it was the house i lived in lol
was the first house
i lived in east tenn below knoxville
the payments were 356 a month
but he refinanced it last year and got it financed for a shorter time but the payments are now over 600 a month
we bought it in 96 and it was built in 91 and had a carport and stuff
3 bedroom 1 bath tho.....was really tiny
oh and a kitchen (nice size) and dining room
 
Do you think 12% return is good for rental property? Do any of ya'll know of a better investment than that right now?
 
curling said:
Never mind what your payment are what could you rent it for?
i dont know, i have rented crappy places before for 300, im sure it could go for at LEAST 600 a month
 
Do you live in bum or fuck Texas? Shit that's cheap.

Here, its about 15-20 K per 100 sqft and that doubles closer to water and well you just can't even get water front for under 200K on a postage stamp lot.
 
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