The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Tuesday, July 17, 2012

Triplex Project

You may have noticed that I am in the middle of redesigning the website. As part of that you will find new sections and menus. One of the things I plan on doing is talking more and more about real estate. As part of that I am going to post all of my real estate projects and investments. The first of these is the

"Triplex Project."


Description: We purchased this property in 2010 as our first investment. The goal was cashflow. It originally was a duplex, but in the 1970's someone finished the basement and turned it into a tri-plex (ie three apartments). It will cashflow a lot better after we move out and rent the third apartment. We have put about$10,000 into it including down payment, repairs and updates. We've already gotten that back.

Purchase Price: $156,000
Closing Costs & Down $8,000
Gross Rents: $1,925/mo
Payment: $1,050/mo
Maintenance and Utilites: $200/mo
Cashflow: $675/mo


If you have any questions on this project at all, please comment below.

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