All Forum Posts by: Guangli H.

@Aya Devin The no assignment clause is item number 37 and lines from 632 to 634 in standard NJ's sales contract. Let me know if you need any further clarification.

Thank you so much for the information, @Erik Cabral. Really appreciate it and I will try to make it. ~Lee

Aya, first, I never do a wholesale deal before. However, this is what I learned and hopefully it will help a little bit: Use the standard NJ sales contract, cross out the no assignment term and put your and seller's initial there, in the buyer section, put your name or assignee. Put a 30 day due diligence period in the contract and you should be good to go. After you find a buyer, use a simple assignment contract to earn your wholesale fee. PM me if you think i might be helpful with any of your other questions.

Lee

Dear BP member,

Anybody has experience with Sheriff Sale at Union County, NJ? If so, I would like to tag along and learn from you about the process. I read a lot about the sheriff sale and know the basics of it and its pros and cons. I am a licensed agent at NJ and also would like to return your favor if you need any assistance from me.

Have a great Monday,

Lee 

that one I didn't use it before and not quite sure the cost.

Dear BP members,

I am interested in acquiring some rental properties at Plainfield and North Plainfield in NJ. If you have any leads, feel free to PM me. Thank you!

Lee

I did one oil tank sweep before and it cost around 150$ (it is combined with the house I spectiin). It is a fair straightforward test just to sweep if there is any metal in the ground. 

Thank you very much @Josue Vargas for the great input. The house does have a basement and both sides have cracks. The crack on the other side of the house is smaller as compared to this one. I think both you and @Roy N. are right on the potential cause of this problem since this house is very close to the flood zone. 

Hi @Ryan Saulle, Agree with @Alina Trigub completely. Local meetup is a great place to start or you can also reach out to other investors for referrals.

Thank you again, @Roy N.. My contractor just gave me a quick estimate of rehabbing this property is 65K, without plumbing and electrical. Given the foundation uncertainty, I think it is probably wise just to walk away and move to the next one. Much appreciate your insight.