If you are going to want title insurance then see what it costs to get a preliminary binder so if you do buy they will issue a policy.

Determine your costs (taxes, insurance, maintenance, vacancies, etc), or use a cost factor. 3.

Though i expect to contract for $255,000 Details follow. 8 plex renovated in 2006 and 2007: new roof, all apartments new carpet, painted, new windows, new lighting fixtures, new kitchen cabinets and appliances.4 two bedroom and 4 one bedroom all with w/d hookupsCurrently 100% occupancy with 1 year leases.Sheduled gross income $3300/monthtaxes and insurance $2500estimated maintenance $1800all apartments on separate water and electriclong time handyman on premises gets rent reduction for service.

Consider all your buying closing costs, holding costs (utilities, insurance, property maintenance, taxes), and the selling costs.

If all cash purchase, you could just use LLC directly too.Don't forget to get an excellent, high coverage insurance policy on the property.

That includes all the expenses: advertising, taxes, insurance, management, maintenance, vacancies, entity maintenance, legal fees, evictions, setout fees, damage done by the tenants (in excess of the deposit), capital expenses (not technically an operating expense), etc, etc, etc.

Also, they value health insurance which most of them pay through the nose for.

They told us that it couldnt be done and we would have to locate insurance elsewhere.

Contact A Respective Title/Insurance Company for a List of Potential Foreclosures.

I am a licensed and insured contractor in the state of new jersey.mike[NOTE FROM ADMIN - POST EDITED TO REMOVE DEAL PITCH - Please only post deal pitches in proper forum areas]