In instances where the borrower fails the house is typically trashed.If they continue to pay your yield is single digits.

I earn a double digit return and sleep at night. 

So you think interest rates will climb to double digit figures soon?

,etc.There is a real reason you are selling and the buyer will dig it out.Specialty asset trades such as your carry more risk which increases the CAP and lending standards.I think the evaluation doesn't sound that far off to me.Try to look for a retiree with 401k money etc. to dump into a business putting half down and then cash you out a few years down the road when lending gets easier.

If you need their contact post again here and I'll dig it out for you.

@Sami Gren If you're looking for a general answer on Northern NJ then I'd say Newark as the cost of acquisition is relatively low (even thought its increasing steadily) and the taxes are some of the lowest in the state.To answer your question about returns, you'll have to reset your expectations about returns, if you're looking for double digit returns in Northern NJ they are few and far between, your best bet is to use cash and purchase at the auction but the auction are no easy task either as competition is fierce.

I am not only a real estate investor but also a real estate coach, my partner Blaise Dietz and I have launched our Digital Marketing training lab just this year! 

So any field listed would need to be bigger than 5 digits, might look like 65801-09, 65742, 65656-59, etc.Let's avoid direct solicitations in this thread, but do voice your support, interest and participation to the concept of making it easier to connect with boots on the ground. :)

In today’s market you should expect mid-single digit returns in the first year on a cash-on-cash basis, which should grow to the high single digits in years 2-3 and low double digits by years 4-6.

Hey guysI agree it is very hard to find a MFR for a reasonable cap rate, but in my opinion, there are spots within treasure valley where you can still get a SFR for double digit  cash on cash return.