I informed my contractor of the status and he kept checking it the whole day, the whole next day, and finally, middle of the day Friday, he received the funds.

What bank would you recommend in NJ that works with loose credit scores but large assets and liquid....This has been my problem, plenty of cash on hand, in the middle of buying another 4 plex w/ 25% down and still get jamb up on financing...

Heck, I'm hearing more and more stories of contractors up and leaving in the middle of a project for a better.

I am under contract for a 6 plex (built in the 1920's) in a different city but in the middle of the state as well and I am getting quoted for 5K a year for insurnace.Is this what everyone is experiencing and any alternative ways to get some relief from that premium? 

This is a key strategy to growing your portfolio at a reasonably fast pace.

Then you can spend the last 30 executing on your decisions from the middle 30.

And finally, should we keep up this pace or should we relax? 

In this venture I don't plan on taking any income (at least for several years) so I feel I can fall somewhere in the middle.

Get your Pittsburgh team in place and then start to grow your portfolio one at a time and at a controlled pace. its easy to buy. its not easy to buy right and know your limitations.

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects.