But because of that I also see that sometimes I will have a cash offer well above the banks bpo price, and it will still take 3 weeks jut to get an approval to get into escrow due to them “accidentally†closing the file and requiring me to resubmit the entire package, etc..

Cerberus took on the risk of taking the company private and packaging it for resale.

I'm learning that tenants get a very fair share of rights in NJ and that evictions can extend many months (the worst I heard of was six).Has anyone determined the optimal/quickest way to get non paying tenants evicted.By this I mean:- up front screening (credit/employ check/crim. bg)- stronger lease clauses- security deposits, etc- tactics- lawyersIf anyone has devised a process for minimizing eviction time and lost rent I'd like to hear from them.Thanks

Put together a broker's package that has very clearly described parameters for what you are looking for.

hello alli live in dorchester,mai am a property manager/broker with around 40 fully occupied units under managment in dorchester and south boston nieghborhoodsim looking for investment groups in ma im interested and know a fair amount about all boston area towns have knowledge of and am licensed to sell real estate in new hampshirelooking for others out there who can help me secure funding and provide thier advice and experience

I'm just not seeing his stimulus package turning the tide of this ressession, but hey this is not about what I think its about how everyone else here on BP feels!

The reason for staying in one complex is that I think I can get more for the package at resale time.

Heather,As you can see as a package you are borderline on using the 50% rule.

The $1500 operating expenses are things like taxes, insurance, management (even if you do it yourself), maintenance, advertising, office expenses, utilities (even if only during vacancies), legal fees, evictions, damage done by tenants in excess of the security deposit, etc, etc, etc.

Seeing how their "super deluxe cream filled" package is around $25000.......I'll jump up and down and run back and forth across a stage telling you all about the "power of you" for three days for only $15000.Look at all the money you'll be saving.