Ever been late on payments to owners?

This post is my small way of advising against that and hopefully steering some people straight.There's no shame in sitting on cash, building reserves, and being patient right now.

cost: 1,300/mrunway: 4 months = 6,800spread: 1900all in cash: 138,800Income a year: 22800/y ÷ all in cash = coccoc: 16.43%seller sees offer: 250,000sub-to 120,000sell fin: 500 w/ 0% intrest term: 13.33 yearsdown: 50,000

Then subtract your debt service to get your cash flow.Income taxes will be taken out of your cash flow based on which income bracket you fall in. 

The city does NOT have the ability to accept less than payment in full to release a lien.

Would one - most senior tenant - be responsible to take care of the utilities, collecting payment from other tenants? 

Even at only 6% That lowered my payment $420/mo and will save me $80k in interest.

Hi All - looking to get some advice on how much I should have in cash when seeking a property in North Jersey at 5% down.

Is there anything else I can do other than buying cash? 

I can only speak to our area, but if this is a county auction you're talking about the cash for the house is due the next day.