If I can routinely take enough money for closing costs ~2K and turn this into upwards of 15K then I have successfully invested.

First and foremost get it into your routine and create the habit of going.

we have an attorney.the bank seems to be upset because of our choice, i can't understand why they assume we will delay the closing. they say they will be ready for that day, that they want a timely closing and want the signed contract as soon as possible-but the contract is in the attorney's hands and we haven't seen it yet.we will wire a x dollars deposit on monday ( to the attorney for escrow acct,that I don't know what is :oops: ) and they seem to be in a hurry...i feel really uncomfortable with thus deal...bye byemichela

On multi-family properties, you usually avoid a lot of headaches by just having quarterly treatments routinely.

Most landlords will see routine maintenance expenses at about 8-10% of gross rents, but since Nationwide claims to be exceptional, let's just say 8%.

I have 2 guys that I work with routinely and I look at their properties before they buy to warn them of any major structural issues.

A shop can give you many added capabilities, improving the quality of routine tasks and equipment maintenance, as well as potentially enabling bulk purchases, or even taking advantage of "rack" programs by local suppliers.

Quite honestly, Jason, this is a very uncomfortable market to be over-extended in.I would bet that those of us who are low on mortgage payments are sleeping better right now than those who have heavy mortgages to meet and tenants who are losing their jobs and can't pay rent.When you get ready to retire, it is quite nice to have rents coming in and no mortgage payments going out.

My response was along the line of, we have a valid contract, the inability to perform a routine act on the part of the bank was not a get out of jail free card.

I would almost feel uncomfortable asking him to do that actually.