Real Estate Overload?

Managing seven properties in two states presents major challenges for Tyrone Springs

VALIGN=”MIDDLE”>Value of car* 14,500 Value of primary residence 68,000 Value of other 95,000 Tulsa properties 150,000 Value of Philadelphia 110,000 properties 100,000   110,000   100,000 Total $771,500

LIABILITIES

Credit card debt $13,000 Student loans 80,000 Car loan 7,000 401 (k) loan 3,480 Mortgage on primary residence 59,000 Mortgage on other 65,000 Tulsa properties 119,000 Mortgage on Philadelphia 59,000 properties 29,000   31,000   40,000 Total $505,480 NET WORTH  $266,020

*ACCORDING TO KELLEY BLUE BOOK.

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