Hi BP'ers,I have made my first foray into the world and spoken to a seller on a property  I am looking for Buy & Hold Cash flow- below are the basic stats,; any advice, thoughts are appreciated- what questions should I ask before paying for an inspection, has anyone invested in this area- Newark, NJ?  

There are a lot of things to consider of course but generally speaking, do you guys use software from websites like zilpy.com or do you just make some phone calls, gather data, and put it all together to get your stats?  

There seem to be some good deals in that area, but some of the stats are making me nervous.

Here is an update on my Stats for the first full set of postcards:476 Sent out to Absentee owners From those I received 6 Calls which puts me at about 1.3%. 

I been checking the prices and it feels like a 4% increase instead of those show in the stats.  

A look at cap rate and gross rent multiplier to see which is the better way to estimate rental property value and measure financial performance...Financial Leverage Financial leverage explained and how it can impact a real estate investor's returns and profitability...How Financial Leverage Impacts Real Estate Investors The impact positive leverage, neutral leverage and negative leverage have on the yield a real estate investor collects as a result of financial leverage...IRR, MIRR and FMRR The formulations for internal rate of return, modified internal rate of return, and financial management rate of return...Scenario Analysis The scenario analysis is explained so you know how to use it to benefit your next investment real estate evaluation...Sensitivity Analysis Changing one variable at a time over a possible range of outcomes in order to evaluate the effect of that change...ReportsThe Comparative Market Analysis How to correctly create a comparative market analysis that you can use to effectively estimate rental property value...The Proforma Income Statement Learn the what, why, and how about the proforma income statement and it's popularity with real estate investors...Why Real Estate Investors Like The APOD Discover why the APOD is used by real estate investors to examine the annual property operating data of potential real estate investment properties... or watch the video.General4 Contingencies Your Offer to Purchase Rental Property Should Include Contingency clauses common to commercial and residential income property that protect investors who submit an offer to purchase investment real estate...Are You Profiting from Your Property's Highest and Best Use?

@Kyle Buck   Welcome :   and that's not just a welcome from some guy in some other state to pad their BP stat's  LOL...

Check out our website at www.1kbb.com for weekly market stats or my Youtube and facebook pages for videos of stats and tips. https://www.youtube.com/channel/UCKcioURUuH3Ky8IQG...www.facebook.com/pricethatcountsWe are expecting more of the same if not higher this year as we had an awesome Spring season. 

I recently passed my real estate exam in Pennsylvania, though I have not hung my license with a broker yet.  

The hearing dates sound like this is an active process.Getting title insurance will be a way to work all of this out as the title examiner will have to verify all of the proper steps were taken to get the property out of the bankruptcy and the foreclosure was also done correctly.