BP Communitywe have an opportunity to buy several non performing notes on tenant occupied properties where we buy and hold in New Jersey. we have an agreement to get title in leu if deal is agreed The notes are non performing as of JuneExampleProperty value 140,000100,000 noteTenant occupied 1300 a monthTax lien 6000 no other liens except utilitieswhat more information is needed?

How do you know if what your mailing is working (and what aspects are driving performance)?

A couple of years ago, @Yonah Weiss performed a cost segregation on a small apartment community that I own and it offset a large taxable gain I had on the sale of another property that year.

Do you perform regular property inspections?

The cap rate allows you to measure and compare the property's performance (and potential performance) as an investment compared to other properties, and compared to dissimilar investment opportunities (such as stocks, bonds, precious metals, etc).The cap rate is also the primary determinant of a rental property's value.

I want to see capability and type of debt structure and cap rate return they are seeking to see if it is a long shot or reasonable given market conditions.Time is money so you have to work with buyers that are ready,willing,able, and realistic.Brokers like to work with other brokers because they know most brokers have screened their buyers to perform.

Outside of legal ramifications and moral argument let's look at what the two business plans can do for the person attempting to earn their living performing them.In order for a wholesaler to earn a paycheck they must:Meet an extremely motivated seller and place the property under contract at a price so far under market that they can sell it investors who will capitalize on any deal that is under market value.

There are definitely others ways to finance and perhaps get better returns, however, as I mentioned, this is assuming you would be using a regular conventional loan with 25% down payment.All real estate investments are on a case by case basis, make sure you run your numbers well, you must perform your due diligence on whatever investment property you purchase, as these numbers may apply to some but not all properties in Newark, NJ - Essex County. 

I'll track down a company who can identify the odor and perform the cleaning and get itemized receipts. 

I think the primary concern with this course, Mark, aside from the fact that you would need to be more hands-on with this employee than you would likely be with a prop mgmt company, is that many states require property managers to have a real estate broker's license in order to perform many of the functions that are central to managing your property (interviewing/placing tenants, collecting rent, etc).