
24 January 2014 | 7 replies
It is my understanding you do not use rate of income until you hit 5 units and it becomes considered as commercial property.

22 February 2014 | 7 replies
Also, if an association can gather enough owners to vote for it, they can change rules even after you buy (changing from allowing renters to owner-occupant only) and hit you with special assessments, so associations are scary.

26 February 2014 | 36 replies
If you are really going to hold forever and you really want to pass this on to your heirs...Get a good estate planning attorney NOW because you want to get these assets into protected structures that can increase in value without ever hitting the estate tax exemption limit.Over the years, I systematically moved income producing real estate into GRITs, GRATs and GRUTs and now no matter what happens it is all out of reach of the estate tax man and creditors.

24 January 2014 | 10 replies
I actually never heard of assigning a contract until I hit NJ.

22 January 2014 | 2 replies
It isn't efficient at all.

22 January 2014 | 2 replies
Second: Any specific strategies that make the process more efficient?

26 January 2014 | 8 replies
My house is hitting the centennial mark this year (Woodland Heights).

23 January 2014 | 4 replies
(I’ll take the hit to my credit score for a couple years)Ideas to Improve Cash FlowI see these as non starters as they are going to increase my out of pocket expenses.· Adding a studio in the attic, below average chance of getting a variance from the town, and it will increase expenses.· Adding a 3rd bedroom to the 2 bedroom unit, again need town approval and will increase expenses Lost rent during work, construction cost, but would generate about $300 more a month in rent.· What about short sale?

22 January 2014 | 6 replies
Often REO listing agents are simply too busy to answer their phone or respond to email and if they do they may simply refer you to another agent to make the offer.Once you have some experience under your belt you may be able to get on an REO Broker's call list and you can hear about and be ready to make offers before some listings even hit the market.I hope that helps.

23 January 2014 | 8 replies
Jon, happy to clarify...so far my plan looks like this:Looking to start by picking up a small multi-family, in order to spread expenditure costs and vacancy hits as opposed to the single-family approach.