He applied for a relief grant of some sorts and was awarded a 50k forgivable loan (I think 4 or 5 years) to which he apparently can use for a down-payment on a owner occupied home if he stays in one of 9 counties in NJ.

We have been preparing our first rental home to be listed for several weeks now and listed it last night. We received 4 applicants in less than 12 hours! But here is the catch, 2 of them are victims of the recent...

Dawn I would say the rate is high because of this:"Bank will do the deal at 15% down and 10 year fixed 6.5%"Only 15% is being put down instead of 25 to 35% the typical bank is asking for.So they price potential of default and all the other factors with appraisals and equity spreads into the rate.For much larger down the investor on the loan will take a much lower rate if it is a premium property.Less risk-less return is almost tied to anything.You need to go back a few years at least.I like to go five to ten and see how much insurance and property taxes have risen for that property on an annual basis.If they have not risen and stayed flat or went down I find out why.Could be a mistake on the city or counties part and it's fixing to go up or could be a temporary assessment relief program etc.The point is if these sharply rise in the near future it can throw off your projected numbers.I would try to fight the property tax if comps support it and get the taxes lowered to increase your bottom line.Regardless of age if you mishandle a a property (even a new one) and get crap tenants in there your maintenance costs will be huge.I have seen the wrong tenants DESTROY and brand new looking apartment in a matter of months.They also created a bug problem for the other good paying tenants that kept their place clean.With my buildings I have it in the lease that we do unit inspections every few weeks and if they do not keep the place clean then we evict immediately.When tenants apply we find when we say this upfront it gets rid of the deadbeats wanting to live like slobs,have unauthorized pets,and have big parties that trash the place.When factoring repairs is this property local to where you live??

You will want to make yourself known to the bankruptcy court and file for a "Relief of Stay", that is relieve you of the order of stay from the court.

We work hard and as such, playing hard is a nice relief.

What a relief!

We had a renovation of an old theater early 20s work with scupltured plaster and relief work and gold leaf.

What a relief that would be!

Here’s your quick and easy solution:*FAST Closing*INSTANT Debt Relief*FREEDOM From Maintenance Hassles*GUARNANTEED Written Offer Within 48 Hours*HARD-TO-SELL HOME?

That should be a relief for many!