All Forum Posts by: Cheryl Schuck

@Matthew Brant welcome to BP. There is an abundance of information that you can learn here.  I too am just starting out on my investing journey and am seeking a lot of the same. It's funny because I have been helping my clients do the exact same thing for years, yet now that it's me, my nerves are on overdrive.  lol

@Kyle Ebersole yes for flips. 

Hi, looking to see if there is an app or program that helps keep track of expenses. I'd like a mobile platform that you can add to while you are incurring an expense.

Anybody use one or can suggest one?

TIA. Cheryl

I was given one yet he charges $2500 to do your taxes. If that's something that you would consider, I can forward you his info.

 Once you figure out what you would like to do, I'd be happy to help you find properties that fit your model.

@Wow, that's quite the spread. Would love to chat with you if you are open to a conversation.

@Joseph Guzzardi Jr where are you out of

@Noyessie Hubert  Welcome!  There is so much to learn on here. BP has some great trainings as well. I recently completed their Rookie Bootcamp which provided a ton of information to help you decide where you'd like to focus as well as team you up with others, if you are interested so that you can bounce ideas off of each other. I Highly recommend that course if you are just starting out.

@Corby Goade Analysis paralysis!!!  @Edwin Wealth the best way to learn is by doing. I'm in the midst of my first property and I'm learning a TON!! You just need to be courageous enough to take the plunge!

@Richard Phillip Lewis Where is she located?

This is very common in Jersey. Your attorney should be familiar with this process and will compose an addendum allowing the U&O. 

Why do they need the U&O? A lot of times it is because they need the funds from their sale in order to purchase and need to remove the contingency stating that they need to sell in order to purchase. 

I would suggest holding back some of the proceeds in escrow until they vacate the premises. You will also need to do a walk through of the property when you close and complete a second one when they vacate the property. The escrow will be security that the property is in the same condition as you were expecting when you should have closed. Also, if worded correctly by your attorney, it can be damages should they decide not to vacate when agreed upon.