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Analysis One- "21st-Century Landlords"
When committing capital to gain a financial return, an investor must be motivated and must be willing to take risks. Keith Colacioppo, a chemical engineer, took a risk soon after graduate school in 1998, when he decided to move back home with his parents to cut his taxes and increase his savings. He was faced with a challenge of seeking a potential investment property that would produce more in rental income than it would in expenses. In 2001, Colacioppo finally found his investment property and made a private offer of $315,000 on a fifty-year-old two family dwelling and closed in June of 2002. The property has one bedroom on the first floor measuring 600-square foot. An additional 1,000-square-foot, two-bedroom unit on the second floor, and the house is routinely occupied. After paying the mortgage, insurance and taxes, Colacioppo profits an average of $475 monthly if unexpected expenses do not occur. He applies most of his profits......

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Approximate Word Count: 707
Approximate Pages: 3 (250 words per double-spaced page)

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