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Updated over 6 years ago on . Most recent reply
Buying my first property thru auction. Passaic county auction.
Hi guys I'm a new real estate agent in north jersey, I will begin my investing career by buy my first property thru the passaic county auction. My contractor buys houses all the time in Wayne, Paterson, Clifton etc and seems never to have a problem. Usually buys, Rehabs and flips or holds. Im just worried my first venture won't go as smooth. What do you guys think?
Most Popular Reply
Aaron, although I've only been to the Bergen County Sheriff sale once, I'm told the Passaic sale is similar with certain subtleties. I have one friend who purchased and flipped a townhouse in North Haledon which he bought at the Passaic auction and did very well with, but he spent 6 months prior attending regularly and doing his due diligence before he ever bid. Why not stop by our local meeting next week on 7/3 at 7:00 pm. It's hosted at the Panera Bread in Paramus (770 Route 17, Paramus). The group moderator attends both Bergen and Passaic regularly and can give you some insight.