All Forum Posts by: Edward Ferrer

Hi BP, 

Advice Needed

I Bid and won on a property from New York State Online Tax Auction. Downpayment was accepted by county. 5 Months later I was notified of litigation on the property between prior owner & county, of which delayed the deed transfer. Note: entire balance was not collected by county only downpayment.

Unfortunately, County treasurer now updated me on the property which resulted in a court order to return the auctioned property back to original owner.

What is you opinion about this?

Real Estate Attorney advice welcomed or Experienced individuals alike.

Thank you, 

Hi BP, 

Advice Needed 

I Bid and won on a property from New York State Online Tax Auction.  Downpayment was accepted by county.  5 Months later I was notified of litigation on the property between prior owner & county, of which delayed the deed transfer.  Note: entire balance was not collected by county only downpayment.  

Unfortunately, County treasurer now updated me on the property which resulted in a court order to return the auctioned property back to original owner.

What is you opinion about this? 

Real Estate Attorney advice welcomed or Experienced individuals alike. 

Thank you, 

Hi BP, 

8 Unit Complex Rehab | Cap Rate 30%+ | Otsego, NY

Needs Gut renovation interior | Minimal rental market 4k/month | Estimated 85-135K rehab.  

High demand rental market. 

Report upon request. 

Welcome experience investors | contractors | Developers 

Thanks.  

Hi BP, 

Otsego County | Commercial ROI 15%+ | Excellent Equity!

Commercial property in Oneanta, NY - In the heart of up and coming college town (SUNY Oneonta).  

Excellent potential for a Coffee shop! 

Report upon request. 

Welcome experienced investors! 

Thank you. 

HI BP, 

Sale: Otsego County, NY | 30+ Self Storage Unit | ROI 32%

Off market | Property purchased on a Tax Sale | Built 2007 | Marketability - SUNY Otsego College (student rentals) $45-115/unit. - currently vacant.  

Report upon request.  Send me a message. 

Experienced investors welcome! 

@Zachery Buffin I decided to go with a local company.  Thanks for your suggestion.  

@Ned Carey decided to go with a local attorney who has experience with Tax Sales & securing property.  I don't want any surprises!

Thanks

@Abraham Matyas sent. 

@Khemaro N. sent

Fee free to contact me with any questions. 

Note: Investor Report available upon request.