Feel free to reach out if you want to discuss anything else.Jackson

@Joe Nagle, reach out to me.

What do you think your house would appraise for in today’s market if we sent out a professional appraiser to appraise the house, what would they appraise it for?

I shouldn't need to obtain a variance since the property is RM1 by right, but doing my due diligence to figure out these moving parts now.

My calculation is based upon cash flow divided by equity. 

There is a really good one at the Boathouse in West Orange the first Wednesday of every month, check it out on Meetup.com

Good Evening BP members, I am looking to take equity out of a very strong performing long term rental.

What if they say ok i will take the $$$ to move out and they donot move out after you pay them .Cash for keys is a good strategy if executed correctly.Only hand over the $$$ after they moved out and they hand over you the keys and you have rekeyed your ppty.Just something to think about

We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).  

Purchase price: $80,000 Cash invested: $72,900 Project complete.