All Forum Posts by: Brian Liscio

I’d love to hear your creative thoughts on this…

The property has about 200k equity and if sold on the MLS it would cost about $100k in cap gains etc..

Only one partner has been claiming the property on his taxes. If the other partner were to buy it at the original purchase price. (on paper) Would that eliminate the capital gains for the original tax paying partner and the other can just kick the tax can down the road?

@Kailas Tare

I did! The seller had no problem with it. The risk on my end from my attorney was only if the seller backs out of the sale. The simple ask; got me months ahead of schedule. My thinking is the seller has more to risk if someone gets hurt.

Sure there's great people with bad credit, but to risk having an expensive eviction. Sorry on the the next... Nothing worst than a tenant with nothing to lose.

PS: I have their info in a sheet and after a few days do an open house with 15min blocks of time. Almost everyone shows up once they commit to a time.

I had the following on a recent listing and still had just under 200 inquiries from the Zillow manager. I noticed people just wanted a conversation to plead why their credit is bad or they just want to see the place in person. Also a lot of duplicate requests for showing in Zillow. I use Rent Redi, but never used them for listing.

This sounds like a great idea and wondering if it made any traction. Even just having accountability partners with like-minded people to bounce off ideas has tremendous value. This is certainly not a one size fits all game.

@Rashad Ellis

Wow - sorry for that fake news! At that time it was more like 14 months. That was Passaic county (source from a housing person and an attorney) An Essex county attorney said Essex is about the same. I was also told if you try to evict without getting funds it can be just a few months.

I’m not sure how our governor didn’t see such a backlog of cases by postponing evictions for so long; hurting landlords and tenants. I certainly won’t be renting to a tenant that didn’t pay their last landlord for a year.

I would look into the ERAP program as Victor mentioned. Also, are you able to file an eviction other than for non-payment? That seems to go faster.

 Recently a $40k reno to changing door locks... PM me; I have people calling me back if I have work. Now things are slowing down.