Banks do not foreclose on warranty deed, they foreclose on security deed.

In reality, mortgage interest rates and the intra-day re-pricing that occurs are determined from the performance of mortgage-backed securities (MBS or mortgage bonds), not 10-year Treasury notes.

You throw out locks each time a tenant moves?

(10-12% interest, low LTVs and every other security protection I can provide) Thanks for what appears to be a great site so far and I hope to meet and network with many of you!

Still since they might close down my unused HELOC I'm going to use it a few months and throw money at it later in the in year.

If we throw money at them they will never change.

Throw in the fact that it has all original appliances/equipment and you are right, I think a reasonable offer from my standpoint, since I'm looking to wholesale would be $504K minus the estimated $100K that it would cost for a full rehab since that it would cost about that for a contractor to come in and do a complete overhaul here in NY with this type of house as well.

Although, as a RE investor, I want to have my properties professionally managed.So, I'm just throwing this out there and would appreciate your feedback.

I'm learning that tenants get a very fair share of rights in NJ and that evictions can extend many months (the worst I heard of was six).Has anyone determined the optimal/quickest way to get non paying tenants evicted.By this I mean:- up front screening (credit/employ check/crim. bg)- stronger lease clauses- security deposits, etc- tactics- lawyersIf anyone has devised a process for minimizing eviction time and lost rent I'd like to hear from them.Thanks

Of course that would mean I'm still throwing away money on rent,even if it's less than I do now.