@Andrew Brewer I know this is possibly irrelevant but maybe it will be a good idea to compare what prices are state-to-state, but in NJ if you want something with nice finishes... $150/sqft... if you want something with "ehhh" finishes then you can probably get down to like 100-125/sqft depending obviously on how much work you give your guys and what kind of relationship you have with them.

So my grandmother is 80 years old and just stopped working officially last week.She owns a home and stills pays a mortgage on the property and since shes no longer working,does not have the means to pay her mortgage any more.I currently live with her and told her i wouldnt mind paying the full mortgage costs and all the bills that entail in owning a home but i would like to be a co-owner and when she passes the sole owner of the property.The house has been appraised at around 400 thousand and she owes currently about 225 thousand.I wanna know what options i have that maybe i havent heard of or seen,any insight or ideas are greatly appreciated.Thanks in advance,Alex.

Any ideas where I can get a Quit Claim Deed template that is geared towards the transfer into a Trustee?

We have been reading books and doing research, but no boots on the ground yet, so we have no idea on the time frame.We will only have enough for a 5% down payment for a 150 unit by the end of the year.

I also hate the idea of buying a house at market value, but in Raleigh, it seems you have to buy them for above market value.Any suggestions?

Hey all my name is Brett and I have decided to buy my first investment property. I'm currently looking at a house that's listed for 125k they won't budge on price assessed at 123k and the house is nice and located nea...

With this same property and an estimated rent at $1000 a month here are the numbers:Mortgage $485 (75k at 4.75 for 20 year amortization)Taxes $100 (This is a guess because I have no idea what they would be in your properties area)Insurance $50 (This is also a guess but I am basing it off of my own rentals)Property management at 10% $100 (This depends on if you will be managing it yourself or not)Capital expenses savings for repairs 10% $100Vacancy 10% $100Monthly cash flow = $65 (6% APR rate of return on your 13k left in the property).Now there are several variables in this example.  

Does anyone have a better idea?

We have an attorney representing us for closings, etc.I am looking for ideas from the BP community on how to structure this type of deal. 

Also if it is a bank overlay and there is a bank who will do it in 6months is it a bad idea or frowned upon to go to another bank in 6months.