All Forum Posts by: Harry Metzinger

Hi @Michael P., welcome to BiggerPockets! Good to see another Marlton resident on here. I would recommend checking out the BiggerPockets Podcasts. Josh Dorkin & Brandon Turner offer a highly informative and entertaining podcast each week, speaking with investors of various levels of experience and different areas of expertise. I regularly am listening to a real estate podcast while driving. Show #200 is a must-listen podcast for a newbie.  Consider joining SJREIA...it is different than Meetups. I joined about two years ago as a complete newbie/wannabe investor and can tell you that it is well worth the small membership fee. Please let me know if you have any specific questions or how I can help.

Thank you for sharing @Jenni Moore.  I have recently begun to explore Auction.com as a way to acquire properties but my experience is similar to most on here.  I bet there are opportunities but they seem to be few and far between.  Any idea how one can check the government insured mortgage amount for a given property?

@Thomas S. I am a professional landlord and I have quite a few standards.  I have already rejected multiple applicants for this same rental.  Thanks and have a great day.

Hi @Marcia Maynard and @Account Closed, thank you for your advice.  The prospective tenant admitted yesterday that they have continued to live at the property simply because they were not told or forced to leave.  It completely baffles me how a bank would allow that.  There was no agreement with the bank to allow them to stay.  I am going to reject this applicant.  From what I have gathered, having a foreclosure on your record and filing for bankruptcy are grounds for rejecting an application.  I could use either/both as my reason.

Hi BP, tonight I had prospective tenants apply to my latest rental property.  On first glance, most of their application was devoid of red flags.  However, what caught my attention was they listed their current address but not a rent amount/monthly mortgage amount nor a landlord.  I did a little digging and uncovered their house was foreclosed on last summer.  (They disclosed that they had a foreclosure in another part of my application.)  I asked their agent to follow up with them and question whether the address listed was in fact their current address.  The prospective tenant responded that he negotiated an extended stay at the foreclosed property.  My B.S. detector won't shut off, but to cover my bases, I have to ask the BP community - has anyone ever heard of a bank allowing someone foreclosed on to live in the property after foreclosure? 

Any other feedback is welcome.  I will reject the application if the applicant is lying but want hard proof before proceeding with a formal decision.

Hi @Joe Derillo Jr, welcome to BiggerPockets!  Good to see another Marlton resident on here.  I would recommend checking out the BiggerPockets Podcasts.  Josh Dorkin & Brandon Turner offer a highly informative and entertaining podcast each week, speaking with investors of various levels of experience and different areas of expertise.  I regularly am listening to a real estate podcast while driving.  The latest podcast, Show #200 (congrats guys!), is a must-listen podcast for a newbie.  And as @Jim Kennedy mentioned, definitely consider joining SJREIA.  I joined nearly two years ago as a complete newbie/wannabe investor and can tell you that it is well worth the small membership fee.  Please let me know if you have any specific questions or how I can help.

That's great @Account Closed!  Hard work and persistence pays off.  I closed on a property in Williamstown last month and already have it rehabbed and rented.  Have a property in Delran that I should close on at the end of this month.  Working my way toward 8 properties by the end of 2017.

@George Beatty, I hang my real estate license w/ Garden Realty of Haddonfield...and I only have my license for investing purposes.  I think how William & I initially interpreted your first post and what you are actually looking for are different.  If you are only looking for a flat fee listing broker to list a property, Garden Realty does not specialize in that realm.  Don may consider reducing the sell-side commission but I'll leave that to you and him to work out.  Don's email address is don(dot)haven(at)gardenrealtyco(dot)com.  

How's it going @Account Closed?

Hi @Raj G., in New Jersey, if the tenant or landlord does not renew the lease and the lease was for a term of more than one month and the tenant holds over (stays after the expiration of the lease), the tenancy will become a month-to-month tenancy.  A month-to-month tenant must give written notice of lease termination at least one full month prior to moving.

@April Meeks I am very sorry to hear about your experience. Nothing that you stated surprises me. Please don't give up because of this one bad experience. I would encourage you to partner w/ a title company that has experience closing on HUD deals next time. Usually the title companies with HUD closing experience have established contacts at Sage to help you avoid working with the many difficult people employed there. The title company relationship is much more important than the loan officer's or realtor's relationship with Sage.