I have also been aware of these services but have not utilized them as I had concerns about them not performing when I have the responsiblity to go back to the owner/seller I may try a service as an experiment in effeciency.

According to me, they do that, because they want to build a relationship with the customers..

Also, when buying an existing business, it should be an “Asset” purchase, not asset and liabilities… Ask an attorney for help here… You are simply buying the "stuff" the company owns… Then you form a new entity (Corp, LLC etc) and name it very similar to the old name, so you can retain the customer base.

He also rushed into it really quickly, though, and his inexperience is costing him.I looked at another thread on real estate and got these rates, which apparently are pretty low (not sure what they mean exactly, but i can take a guess).wachovia custom mortgage 30 yr fixed rate on friday was at:5.125 % + 0 + 1.5.250 % + 0 + .5.5.375 % + 0 + 0.What do you guys think is the best way to help me get started?

I will now pay the money to have the utilities turned on for a day to inspect.

Operating expenses include (but are not limited to): taxes, insurance, management, maintenance, entity maintenance, advertising, utilities (at least during vacancies), legal fees, damage done by tenants (over the security deposit), vacancies, setouts, lawsuits, and capital expenses (not technically an operating expense).There is no 2.5% rule.

., subject to, rehab loan from a bank) your money costs may be less.As you hold it you'll be paying for utilities, taxes, and insurance.

Your local RE attorney, lender, or RE agent can advise you of local custom.

You're going to have a bunch of other costs to pay out, including taxes, insurance (not cheap on a building in this situation), utilities, routine maintenance (not fixup related).

This can be late charges, interest, utilities, property taxes, or damages, Tell the tenant to "pay rent and quit" (instead of "pay rent or quit"), or If you don’t let the tenant chose to forfeit the lease.