Here's my overall plan:I graduate in 2019 and immediately start working and building creditI live with my parents (they've agreed to let me) until I have a decent income from real estate.I have to go to college but I'm going community and my father has agreed to pay for my student fees so there's no concern thereHere's where it starts getting good...My longtime friend (since kindergarten) is VERY entrepreneurial and is also the son of a contractor and is planning on going into contract work.

Tenants pay electricity, not sure about water and i believe there would be a dumpster unit rental every month (there are other quad plexes on the same street)2 units rent for $450 each2 units rent for $425 eachTotal rent income: $1750No pictures are listed, and will only let you view inside if offer is made.Financials: 25% down: $25,980Financing: 108,420Closing cost: EST. $5000Total investment: $30,480Mortgage payment: $530/month (Conventional 30yr at 4.6%)Annual rental income: $21,000Annual Expenses: Property tax $1200 estimatedInsurance $1,200 (best guess)Prop man.$1680 (8% of rent)Mortgage $6360Calculations:NOI = Income (minus vacancy)- Expenses (Prop tax, insur, and Prop mgt) = 21,000- 4,080 = $16,920Cash Flow = NOI - Debt service (mortgage) = 16,920 - 6,360 = $10,560ROI = Cash flow/ Investment basis = $10,560/ $30,480 = 34.6%Cap rate = NOI/ Purchase price = 16,920 / 129,900 = 13.0%I realize i forgot to add vacancy rate to the duplex. 

Just closed on my first investment property in north Phoenix, AZ and I am looking for a GC familiar with investment properties. Must be lIcensed and bonded. Property is just under 1400sq ft, 3 bedroom 1.5 bathrooms.

...

depends how you write the contract or strategy you deploy.

The lessons that I learned the most, were to be firm with your rules, and definitely follow tenant screening, and don't take crap from contractors.

This is nickel and dime stuff but everything counts. 1) could you contract with the cable company to get a kickback for tenants who sign up with them2) could you sell renters insurance to your tenants and get a small kickback3) if your electric is deregulated, you could get a small kickback from the electric company for choosing which plan the tenants use.A lot of this may be regulated by the state you are in so not sure if it will work.

You need to be an REI expert, don';t depend on inspectors, contractors walking with you during an inspection period. 

I am selling this property which was purchased at a tax lien sheriff sale, I signed a contract with one of those contractor guys who buys for cash, but he is not licensed and is just trying to sell it or wholesale it on the MLS, leaving me without any word on the process, The contract said they should have started the process of the Title search and notified me within a 5 business days and notify me within 20 days of any problems with the search, they did not start the search until 15 days from signing the agreement, then i sent an official cancelation he is accusing me of breaching the agreement and want to file a lien on the property for his right to buy??

Hello, Does anyone have a recommendation for a reliable and quality general contractor in the central NJ area. 

Ottawa was great but the numbers dont make sense no more.I also found that in many of these markets, the sellers are retiring, they are not overly greedy, some offer seller financing and there is always great value add opportunities (mostly under value rents, easy light reno cosmetic jobs and leases that include electric heat and water which can easily be transferred back to renters.