Las Vegas has had a run up because of legislation slowing the foreclosure process thereby reducing visible inventory.

Im in the essex county area of nj, im just looking for some strong buyers to flip some great deals to,,just tired of wasting so much time and energy.

If you could sell the lot next door, use the proceeds of that sale to pay down the principal some and refinance that amount, thereby reducing the payment, it would probably be a good deal depending on the value of the lot.

There's no follow up to buy another kit at some blah blah reduced rate of whatever.For the family members who were intimidated by the process, and REI stuff in general, this program helped them get through the hesitation and take action.

Anyway, keep up the focused energy, I like your acceptance ratio.

They are trying to slip in extra profit without the bank knowing it by reducing the offer price and putting it on the buyer side.

But I would not worry about environmental testing.Seeing that you have a similar size property already that 1 maintenance man can handle, would be go with two at the beginning and reduce that to one after the deferred maintenance is caught up.

I expect to reduce the rents by an amount that accounts for 75-80% of the current gas bill, with the other 20-25% to be found in both the tenants using the heat more efficiently and in better weather sealing and replacement storm windows.* Replacing all bulbs with CFL and including a replacement costs for any missing/non-op bulbs in the lease.

When that happens, find a lawyer and a CPA familiar with that world and let them help you navigate the waters.As a strategy, high leverage can be a good thing when you are starting out, but once you reach critical mass, it becomes an albatross around your neck.If your planning shows you need the income from 40 sfh rentals to support you through retirement you want those paid for as soon as possible after purchase.With each paid for house you do two things, you improve your financial strength going into any future deal and you reduce the real risk you face when things don't go as planned.A couple of years ago, we had the start of a major real estate correction.

The party being foreclosed can argue with the judge in some cases that the bank is selling the property under value and that the judgment being sought should be reduced or eliminated.They foreclose second liens all the time hoping someone doesn't check and bids on it.