The judgment company will require to ask questions and look at your file to see if the debtor is even collectible on any level.I wouldn't drop 500 more not even knowing if this person is collectible or not.

Several of the properties I have a mailbox inside a shared space in the basement that is locked and for rent drops.

Windows and doors do not get fixed or replaced, they get boarded up to secure the property.If there is any damage to the pipes all we ask for them to do is cap the lines so it won't leak if the water is turned on.Just imagine how many HUD keys are out there.

Debt expense is roughly $2400 / month Annual Tax: $10,500 Insurance: $3,500 Heating expense (Nat Gas): roughly $4850 / year (One boiler for entire building & two water heaters) Estimate expenses at 5% of Gross Income Annual Rent Roll: 70k ACQUISITION COSTS: Lawyer: 1k Appraisal & Environmental: $2300 Tank Sweep, LLC Set up, Survey, Misc: $1500 Title Fees & Bank Attorney: $5K Bank Origination Fee, Gov Record Fees: $3k The property did come with one unit vacant which I filled this month.

. , the apartmentsoffer easy access to Interstate * and Interstate* and shopping within walking distance whilestill remaining in a quiet setting.One of the apartments has been converted touse as the management office, bringing the currentnumber of rentable units to 79.Units are 850 sq ft with 32 units having gasforced air heat at the tenants expense and 48with gas hot water heat at the landlord expenseThe property is currently renting at just below market but has enjoyed consistently stable and low vacancy rates.

My first 'real' job was in mortgage banking and I've followed the trends as a consumer ever since.I'd like to dip my toe in the water by buying one starter home to flip over a long-ish term of 6 - 12 months.

After 5 years the Sellers note will drop off and I should be about even if I do the maintenance myself.

It is because her water lines are failing and eating up 28% of her expenses.I just met with the city and the park is non-conforming, no additional homes can be brought in unless significant changes are made to the park.I also found out today, a large private school is looking to build on the 50 acre lot right behind the park.

Then I noticed the as is price had been changed to $125,000 and it was a 10% drop from the 125,000.

Major systems are defined as roof, electrical, furnace, water heater, and no water in the basement.