--- Dan McGuire <[EMAIL PROTECTED]> wrote: (snip) When I was > shopping for rental > properties 10 years ago in St. Paul I found lots of > $500,000 4-plexes on > the books as $30,000 properties, which made very > nice retirement > accounts for the current property owners.
CN: I am confused by the above statement. What made them $500,000 fourplexes? Did you decide that this was the amount they should have been worth or did someone actually pay that amount for them? Something's fishy about this because I own a couple of fourplexes and the price is A) dependent on what someone is willing to pay and B) only just now approaching 1/2 a million dollars in most neighborhoods. (i.e. excluding Kenwood and so on.) 10 years ago I don't think there were any half a mil fourplexes in St. Paul... you could never charge rent to cover that mortgage in 1995 for Pete's sake. Connie Nompelis West Phillips & Powderhorn, and currently preparing to list one of my buildings and an R4 buildable lot adjacent for... $500,000. __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
