He makes $80,000 a year and says he has a healthy credit rating. The Saabs have rental income and they’ve paid off their car.
What they dont tell you is how much they are getting in rental income
rental income and any other income.....but that price tag sounds right for the “city”....things cost mega bucks there.
Ah... now I notice it says it is a “two-family” home. They bought a duplex. They must be renting the other unit out.
“He took out two loans, at 7.25 percent and 10 percent, and was paying a total of $5,200 a month.
The tenant was paying him $2,800 and he owned a profitable business, a variety store called Caps and Bells, that earned him $45,000 a year.”
http://www.nypost.com/seven/02192009/news/regionalnews/ray_of_hope_for_qns__homeowner_155903.htm