All Forum Posts by: Frank Ruopoli

I can tell you from my experiences in construction which is a carpenter for 13 years is this, if the contractor did build what was shown on the "approved for construction" drawings, well then he is most definitely responsible for the error. It would be different if he built as per drawings and then failed inspection and needed to make corrections. I would most definitely not pay for the changes to the foundation. That was the contractors error.

Thank you for the advice. I guess even harder than finding the right deal is finding local help to point me in the right direction. At least at my stage of the game. If it's going to auction is that something a RE agent handles as well??

Hello BP community, This is my second post and hopefully it's in the right area. Completely a newbie question and here it goes... So between reading as much as I can, I browse a few real estate sites. In my neighborhood there are quite a few houses in foreclosure. One is going to auction in a week. Now the house needs quite a bit of work. Looks like it hasn't been updated at all since maybe the 70's for all I know. But for the right price could be a good opportunity for a flip. Now for my question, what would be my next step. The house is listed on zillow and auction.com. How do I obtain more info on the house and find out how to place a bid. Do I stand in front of the house in the day of the auction, do I need to register, can I bid online?? This is all so new to me and because of that I probably wouldn't jump on this deal just because I feel I definitely do not have enough knowledge to pull the trigger on anything yet. I'm just trying to figure out what the next step would be and how properly and accurately analyze this property with the info at hand. Thanks in advance for any info.

Thank you for the welcome. I will definitely look into that book. Rehabbing is definitely the route I will be taking either for flipping or brrrr.

Hello my name is Frank. I am as new to this as it gets. This is my very first post. I have a wife who is a stay at home mom and two young children. I am the sole provider working full time as a union carpenter. I have absolutely no REI experience. Wanting something better I read "rich dad,poor dad" like over night simply because I could not put it down and am now digging in to "set for life" once again finding it hard to put it down. Needles to say I was raised on the poor dad mentality like so many. Right down to believing my single family residence with a 30 year mortgage was my biggest asset. I now have a different view. With that being said I am eager to learn about possibly flipping houses but more about BRRRR. Still have no idea of the best way to get started but I believe this is the first step. I participated in Thursday's webinar and one point made was to take action. I'm trying to take as much action as possible with out getting in over my head because of lack of knowledge. So,once again, this is my first step. Sorry if this post was a little long. I have much more to say and many questions but that will all be in future post. If you made it this far, thanks for reading.

Thanks in advance for any info or advice. 

Hello my name is Frank. I am as new to this as it gets. This is my very first post. I have a family of four and am a sole provider working full time. Wanting something better I read rich dad,poor dad like over night and am now digging in to set for life. With that being said I am eager to learn about possibly flipping houses but more about BRRRR. Now to the question... I see a lot of properties in my area that are foreclosed and going to auction. In the description a few state REO-occupied. I am not familiar with the auction process and am curious if these properties pose more possible issues and what I need to be aware of. The area I am looking in is in central NJ. Also I have just been browsing zillow and realtor.com. Are these sites a good start to gain info or am I most likely wasting my time. Like I said I am completely new to this. Sorry for the long winded post. Thanks in advance for any info or advice.