Request in writing [by means of your agent] an extension to the closing.Best wishes to you.

You have numerous other expenses, including property management, advertising, maintenance, legal fees, utilities, vacancies, tenant screening, and who knows what else.

have no idea about rehab costs yet but the house is only 8 or 9 yrs old so prolly not too extensive.

Basically you send one of the big three a utility bill and copy of your driver's license.

Its good to utilize your resources.

We have been putting these properties in an exel spreadhseet and then hitting Zillow and the county records to fill in some of the missing information such as delinquent taxes, public utilities owing etc.I have also thought about hitting the REO listing agents to do a lot of the ground work for us.

I would buy as many SFH's or Multi Units as possible with the 200K put tenants in them, head to your local bank which does portfolio loans and get LOC on them and repeat the process one more time.This way you can utilize the power of leverage and get some decent portfolio of rental properties.

Here is the exact quote about the data://Begin quoteThat percentage applies all over the U.S. for all types of residential property including those where the owner pays all utilities and those where the tenant pays all utilities.

The average rental (4 to 5 beds, 1 to 2 baths) on this street runs from $800 to $1100 without utilities.3 out of 4 bedrooms are under lease and will be renting out the fourth bedroom as soon as I find a second property within my target range.

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