Account Closed i think the NJ market has corrected itself.  

Adele,Have you accounted for the utilities paid by owner like water/sewer/trash and capital expenditures %, management%, and vacancy rate?  

You are never too old to get involved in real estate, and being young will give you a distinct advantage for the long run.If you have only read Robert Kiyosaki's initial book, I recommend you look at the rest of his books and books by other authors in the Rich Dad series of books.

Account Closed thank you sir!

Do you plan on using some sort of accounting software to keep track of income and expenses?

I have nearly all of my closing costs accounted for but am missing the estimated Title company's escrow fees and other recorded fees, which are split 50/50 with the seller.Could anyone help me get an idea as to how much this would cost?

Originally posted by Account Closed:Those renovations look great!

HVAC service call for no heat/air or plumber to fix leak or regular grass cutting) and it also assumes there are no capital expenses ever (ex. need to replace water heater or furnace).Looks like there's plenty of a cushion to account for those things, but 35% is if everything runs perfectly forever which isn't going to happen!

I agree that the tenant should be held accountable.

But it sounds like when a fund's strategy involves non-performing loans, the return ties in with the built-in discount for these notes more so than any impact from the interest rate.