All Forum Posts by: Cheryl Schuck

@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.

Do you have any ideas in mind as to where you would like to live? There are some great deals that may be in areas that you might not want to live in, yet they are "cleaning up" those areas and they are hot at this time!

Some areas are going for more than $500k yet their monthly rental amounts are significantly higher than in the lower price point areas.

I'm here should you want to discuss areas in the northern, north western and central part of the state.

@Earl I may have the perfect guy for you yet I'd like to check with him first prior to giving out his number.

You should always be cautious and vet your partners so that you can feel comfortable with who you are utilizing as part of your team

Welcome back Saeed! It sounds like you are a sponge waiting to absorb information. This is a great place to soak up a ton of knowledge 

It really depends on how much time you have. I coach a lot of my clients to try and house hack. If you can find a place that will help you pay your mortgage, it's a great way to start. You also have to look at how much your wife does or does not want to be involved. If she's not very interested, then you need to determine how much time you can spend outside of your career to focus on this. 

This is a great place for you to explore your options and there's some really great people on here. I would suggest looking at the beginner investor boot camp. It's a great way to get a more in depth look at all options which will help you decide which way you want to start off.

I'm not too far from you should you want to chat more. Best of luck and Welcome!!

@Kyle Ebersole thanks so much! I am extremely excited about all of it! I am big on communication so that part should go well. thanks again!!!