What if you get this property, only have, at most, $2,000 set aside for any expenses and then there is a massive pipe burst issue and you have to do some major repairs?

He's asking a higher price for the property than it's worth, has rental projections that are over the market, and the house has mold which could be costly to deal with. 

It just feels like I'm racking up a massive amount of debt and waisting my time while I could actually be working.Thanks for reading!

Also why Bergen County has WAY less development projects going on than in Hudson County?   

We are looking to potentially start using this for analyzing commercial properties and projecting cash flow.

Another note, if the issue is as bad as you make it sound, after a couple of heavy treatments you will have a small cleaning project to complete the removal of the dead guys!

Was just wondering if there was anyone on BP that was affected by the icona condo project cancellation.Bought the condo preconstruction as an investment, i thought either assign it or hold to rent.

Hey Christian and Daniel-- let's connect on a call this week to talk real estate and exchange what projects we're working on.

I have one project under my belt with a small Multifamily that I fully gut renovated and recently fully rented out.

the sellers know that you can add units so they massively overprice whatever pile of garbage is sitting in the front of the property...