I'll spare the details but I'm looking for someone that is on the ball and who isn't going to screw me.

Hello all, I was looking to see if anyone had a ball park figure on addition costs?

I will be contacting your wife in the near future to get the ball rolling. 

If you don't exercise the termination point in the financing contingency, and no other termination points apply in your situation, then you do in fact lose the earnest money if you fail to close.

Again, welcomeThanks for the Feed Back @Danielle Jones,  I have been doing my home work for a bit now and just wanted to get the ball rolling.  

We have looked at {nearly} every apartment building which has come available in the past two years in Moncton, Fredericton and Saint John and, less so, in Halifax and have gone though the exercise of underwriting close to a dozen (6 this year alone), have had folks come overtop of us on two, and are still dancing on two ... hence are still 0 for 6 this year.Out of the cities in the Maritimes, Halifax is the most expensive, but has the strongest overall economy.  

Really good reasons for that, like succeeding and staying out of jail or getting fined and black balled in your community.

- What tax advantage(s)/disadvantage(s) do you get; the 401K grows 100% tax free (but then you pay taxes upon withdrawal); with the REI, you'll have tax, but also numerous deductions.Taking a stab at a very simplistic analysis that doesn't account for everything in the above, but why not it's a fun mental exercise :)- 25K of cashflow accounts for your vacancy rate, maintenance cost, property management (i.e you're paying yourself to manage them before that 25K) and so on; i.e it's free and clear.- 1MM of property increases in value at 2% annually in appreciation (making a rough guess that at 100K per property you're in a C neighborhood with low appreciation rates?

If IRS does not exercise its redemption right within the 120 days it will automatically expire.

Eric a simple exercise in title work might yield some answers as to the nature of the alley.