New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
Newbie South Jersey
Hello BP world I am a newbie from the great state of taxation otherwise known as New Jersey in Southampton township. A few years back I read every book I could get my hands on and wanted to become an investor in real estate. Than the crash happened and 3 daughters came along and my wife wisely said lets wait till the kids get a little older before we put our family at any kind of risk. So here I am now listening to podcast turned me to this site which is awesome. I have some money saved up for direct mail ( I am going to start with door hangers and direct mail which I will be doing in house). I would like to get a few flips under my belt than start to buy and hold. I just have a few questions:
1. What is the temperature of the investment market in Jersey now for flipping is it just hard or super hard to find deals?
2. I also would like to look into REO's in my area there seems to be a lot of forclosures any real estate agents in the area that specialize in REO's?
3. When I find a buyer willing to sell, where can I get contracts for them to sign ie a seller carry back, Subject to, and cash contracts? Do I have to spend money for lawyer to get these contracts before I even do my first deal?
Thank You to anyone in advance who would be willing to help answer any of these questions, and I look forward to forming some great relationships!!
One more thing anyone know how I can flip my picture upright?
Most Popular Reply
Hey @Jeff Moore,
Great to have you on BP. Like @Joseph Scorese said, our South Jersey REI is excellent and they constantly have workshops and speakers that you can learn a ton from. I try to go to at least one meeting a month because they cover all different topics and can introduce you to some interesting people with a lot of experience. I'm a local investor and agent, so I'd love to help you out in any way I can. Please don't hesitate to reach out. I work with many investors in south jersey and philly and it would be a pleasure to work with you.
Julian