Hello BP,I am still figuring out financing for a 4-unit turnkey property I have under contract (for buy and hold).I wrote in a previous post that my lender increased the down payment required for purchase and I don't have it.

Seems like that option may be difficult based on being out of state and dealing with the city. 

I am a newer investor myself and it is difficult to find a good deal here in NJ.  

To buy this new 8plex I would have to refinance my current 8plex and increase the mortgage from 170k to 510k (170k+320k for new 8plex+20k for acquisition fees or other things)This is my current property (8plex)This is my current property after refinancing (8plex)This will be my new 8plexI should also add the the new property is in very good shape.

I live in the county and was wondering how difficult the permit process is.Thank you in advance!

If refreshing the unit and increasing the rent is going to happen, might as well give notice and start on the first unit.  

I haven't shopped around for insurance for a few years now, but I noticed a significant increase in how much we pay for our Texas  rentals.What REPUTABLE (with good/excellent history of paying out in case of fire) insurers would you recommend? 

I haven't shopped around for insurance for a few years now, but I noticed a significant increase in how much we pay for our Texas rentals.What REPUTABLE (with good/excellent history of paying out in case of fire) insurers would you recommend?

Might be difficult to sue for specific performance but lost profit may be possible.A key is to make sure you can prove you were ready, willing, and able to close on the closing date.Otherwise, we need more info.

Hello,I just reviewed my homeowners insurance policy for my duplex, and noticed it will increase $130 per year, which starts next month if I choose to renew.