I personally worked a wholesale deal live on stage with a real seller on the phone for a property in Queens during a guru event in North NJ.

I am aware that things like this occur. 

Make sure you add enough of a cushion into the repair estimate so that you will be covered if something unplanned occurs and you can give the end buyer a financial incentive to purchase from you.

Labor is the city seems to be spiking, I contribute this to all the redevelopment that is occurring. 

I'm looking for an advise, I bought a duplex 2 years ago with first time home buyer so I wanna keep on buying but I wanna know what's best so this is what I'm looking for i wanna build a porfolio have enough income from real estate that in 10 years from now I can quit my job but focus on my investment property and being able to still eventing, right now I have about 100.000 dollars what should I buy next, in my market duplex 3 bed 1.5 bad each unit are going for 300,000 to 350,000 with no garage so you have an idea.

With the home underwater, they borrower will not be able to refinance and so a large wave of defaults are expected to occur over the next 2 yearsSee full article at:http://www.realtytrac.com/news/mortgage-and-finance/heloc-resets-report/

The buyer can include a protection clause just in case the property has to be sold in response to a life changing event, job relocation or loss, divorce or death.

The modified IRR and Net Present Values are alternative evaluation tools to utilize when this occurs.

Appreciation is different - that is what occurs when a $150K house rises to $160K.  

I'm on a large investment brokerages marketing list for Manhattan and Brooklyn and I've been receiving offerings running in the 3.5% - 4% range for four to six story walk ups some with ground floor retail.Because I'm not a buyer in these markets I've not actually analysed the markets and or market comps.You should reach out to the broker for clarification on the free market rental units.Note: I'm sure you are aware of this, but in the event your aren't the rent controlled units are nearly impossible to convert to free market.