We are both looking for a workable property and have currently extended our search out to New Jersey, Monte Claire...What do you advise is the best route to take?

I think is great that you have a plan for the next 5 years, but if it doesn't happen you can always extend the terms.

Plus, GSA did not follow a very strict auction format, they would extend the auction if it would help them get a higher price - not cool.

Unless your contract has verbiage that buyer has right to extend closing date x number of days by giving verbal or written notification your contract will be void and you will probably lose your SMALL EMD.If you probably can't find a buyer, it's probably not a great deal.

Jay H.I am a little late to the game but thought I'd extend you a welcome!

Good news: I found an investor ready to extend an offer to the bank and said investor has foreclosure attorney in case bank declines offer.

Too many people are over extended and justifying this attitude.What is being ignored?

I told them that I fully expect them to cover rent for any extended period of time that the house is not rented out.

I therefore assume expenses will be 50% of income for older properties and 45% on the newer ones - based on what I've read on these forums this is where it ends up over extended periods and my strategy is to hold for a long time.

Just last month my client wanted to extend a bid that I felt could push us too close to his final rehab budget.