All Forum Posts by: David Thomas

Welcome to BP @Arary McGowan ! This is a great community to learn and network. Best of luck!

Clint Kreider Do you have a realtor in Monticello that provided any comps?

fantastic!

Hey Eduardo Magana ! Any updates on this? A few things to know and expect with this: 1. You should hire an attorney to represent you for this matter as it is much more complex than just going to the board for a variance on your own. It can be costly either way. You will likely need a planner as well regarding traffic, parking, water diversion, sewer impact, ingress/egress, etc. 2. Every diversion against code or "best use" of the property vs existing homes/permitted use reduces your odds of approval. 3. Lot size is highly relevant with any use and our opinions are irrelevant. The local laws are what they are and it's what you will encounter in any town/city. For example in my town we need " 1 and 1/2 parking spots per unit" so 3 spots for a 2-family home. 4. Your neighbors have no say in your tenant selection, it's up to you as a good LL to screen properly. I would consult a lawyer and go for a high quality 2-family rental if anything.

@Kyle Matthews - are you aware of the local BP meet ups we have done here in Central NJ (Union County) as well as NYC last month? If not keep an eye out for announcements from @Darren Sager . We have another meet up in NYC in March and working on regular monthly meetings here in Summit, NJ.

Keep in mind the rejections may have been for very low offers and unrealistic. My limited experience with short sales showed me that banks can hold out for quite some time in order to get what they want!

I agree 60 years seems odd and quite young here in Northeast. I did encounter a limit recently by Progressive of 100 years old. They declined flat out and referred me to another ins agency they work with.

Welcome @Alan Vincent Seno !! Be sure to find a local RE investor club that meets in your area - several out there including NYC, and they will help you start in the right direction. Best of luck!

@Ugochukwu Opara and @James Syed - Hello!

I am reading "What every real estate investor needs to know about cash flow" right now between posts LOL! Bought it this week and its excellent. The author Frank Gallinelli is also very active here on BP. Great resource.

Hello @Account Closed ,

Your state has registered schools that will point you where to go. Most are in-person classes (at least here in NJ) so not sure about online. I would google your state info i.e. "CA Real Estate Salesperson class" or visit

http://www.dre.ca.gov/examinees/requirementssales.html