We think he's bipolar, because when he's on his meds, he's the nicest guy... but it's pretty obvious when he's not, because he can be a real dick.     

It’s a SFR converted to a duplex, so the bottom is a 2B/1B and the top is a giant 1B/1B.

Insurable title enables a smooth closing when you purchase the foreclosure property; but, it also makes the title defects potential sleeping giants.And, even if the giants never awaken, when you later sell the property your buyer will most likely require that you convey marketable title (which is typically the case).

Basically its a giant screw you install in the ground and attach it to the existing footing.

They can accept 88% of appraisal for the first 30 days it is listed ( 88% of 95K is about 84K), but if the negotiator is a dick, I mean, aggressive, he will tell you that they don't have to accept it and that they want the property listed at full appraisal first.

Also, it has giant gaps.

@Dick M. do you have a signed agreement?

So walk into your CPAs office with a giant list of all the equipment you own for your business, and ask what can be depreciated.

hi all, first off this deal scares me, not that it is bad but that it is big, there is an investor that wants to unload his portfolio of rentals and retire i received a voicemail and email from the investor containing the info and he asked if i would be interested, i definitely am but i look at the size of the deal and the potential for growth i feel as if im looking at a giant, bordering paralysis/analysis. located Near Bradford, PA and he is open to creative financing, so here are the numbers.asking $585,000  - market value 750-800k10 properties totaling 36 unitsGross rent $229,320Taxes- $26,200Ins- $13,225maintenance- $17,515PM- $34,164Utilities- $72,337______________________NOI- $65,870now i plan to swallow my fear and call him tomorrow with a already large list of questions, all of the units are on a month-2-month lease and he has had 95% Occupancy over the past 10 yrs. all properties are in the same town in a decent area (C+   B) and are rented ( 500-550 ) quite a bit blow ave rent for the area ( 650-800 ) so definitely room for growth, in addition i want to figure out why the utility expense is 72k.. that's nuts i am assuming he is picking up a lot of the utilities so with some adjustments to management, rents, expenses i see a great opportunity.i also ask what due diligence should i do on the PM since they have one in place and what should i expect in the transition if we move forward i currently manage my 3 units myself an see that 34k and wonder if i could handle the management or see how i can tighten up the reins on the PM to get things moving for optimum cash flow.  

I am having a giant Laurel Oak taken down that is in bad shape and has a HUGE limb hanging over the roof.