There is quite a lot of money expended out for things like water, taxes, insurance, repairs, overhead, upkeep, mortgage, etc. that all comes out of the monthly rents.

it's buildable and 500 ft from water - not in flood zone.we got copies of the original contract, and i verified that the property is paid current on taxes.the lot has 80 foot frontage and is 120' deep.

It drops the equity in the deal some but is still enough to make an investor happy.

Just wanted to drop by and introduce myself, I'm 26 and from northwestern NJ.

The area I am investing in is an area by the water with alot of big developer money going into the community.

It looks like all major rehab issues are ok; ac, water, heating, etc., but of course we will get a full inspetion.

Studio units will come equipped with a 21" color TV set, 2HP split-type Air Conditioning, 2.7 cu ft ref, water heater, Stove, a Microwave Oven, a Toaster Oven and a Rice Cooker.

I know that it has a septic system, new dry well, public water.

The tenants pay for everything but water and sewer which by records runs low of $74 to a high of $179 The loan I got was a 1% option arm and payment with PITI will be about $1270 Once side is currently rented for $850 but I think I can rent the vacant unit for $950.

1 Set a realistist list price for the property2 When you reject an offer please let the agent that it listed with know why it is rejected maybe we can bring the transaction together.3 Don't make us pay out of pocket for work done on the property and expenses to maintain it.4 Don't pay a reduced commission and require a referal fee5 Understand when we say the price is to high we can back it up and will and most likely already have.6 If it is in an area that we don't work let us reject the listing without fear that this is the last call we will get.( You don't want to know how much of a pain it is to drive 60 miles to drop off "all original paperwork")7 Don't sit on offers for a week without some kind of communication.