I am planning bring local handyman with next time to examine property with me to get proper estimates.

Legal Services of New Jersey suggests that all tenants get a signed receipt for all rent payments and only pay by check or money order.I would suggest asking them because I think they will be the most likely to bring any test case in New Jersey.

Don't bring up what you intend to do in the next 2 to 20 years.

You need to be serious , take notes , websites down from the video and start ASAP.

Maybe that was your plan.Ten houses fully paid for can bring in $10,000 a month and take very little effort.35 houses cash-flowing $300 each can bring in the same amount of money but require far more work and carry far more risk.What's your goal?

The downstairs is a small grocery bringing in $1000 per month with a scheduled $100 increase each year until it reaches $1300.

can bring more drama to the table than is worth it.

. $5000Total investment: $30,480Mortgage payment: $530/month (Conventional 30yr at 4.6%)Annual rental income: $21,000Annual Expenses:  Property tax  $1200 (verified through property appraiser website)Insurance $1,200 (best guess)Prop man.$1,680 (8% of rent)Mortgage $6,360Calculations:NOI = Income (minus vacancy)- Expenses (Prop tax, insur, and Prop mgt)         = 21,000- 4,080          = $16,920Cash Flow = NOI - Debt service (mortgage)                  = 16,920 - 6,360                  = $10,560ROI = Cash flow/ Investment basis       = $10,560/ $30,480       = 34.6%Cap rate = NOI/ Purchase price                = 16,920 / 129,900                = 13.0% Cash on cash = ???

I am interested in investing in real estate and I just discovered the podcast and website.

He can afford to bring the mortgage current with his savings but can't afford to pay cash for the home and wanted to get a VA loan.