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Purchase Loan closed this week
February 11th, 2011 2:48 PM

I have some readers asked to post more about
the purchase loans so that it can help them
to have more about the market. I only post
those loans closed.

1)Union City. 550k  4/2.5. 2090 Sqft.
Purchased as primary.

2)Rancho Cordova(Near Sacramento). 210k.
4/3. 1850 sqft. Purchased as rental.
PITI $1150. Market Rental Income $1550
(Based on the appraisal report)

3)San Jose. 630k. Purchased as Primary.
Highrise Condo. 2/2.5. 1500 sqft.

4)Sacramento. 155k purchase. 3/2. 1500sqft
PITI $780. Rental income $1250. Built 2003.

Hopefully you have some idea about those
markets. The cash-flow is positive for most
RE rental markets now.

Also, I have a feeling that the rate will be better next week.


Posted in:General
Posted by Eric Fang on February 11th, 2011 2:48 PMPost a Comment

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