All Forum Posts by: Jared Fisher

How do you finance pre-foreclosure leads when they are 4 weeks out or less to their auction date? I'd imagine this isn't enough time to get a conventional loan approved for the property? Thanks in advanced!

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Quote from @John Slater:

Quote from @Hunter Gibson:

Hi everyone, I am looking to learn more about Pre-Foreclosure/ Foreclosure homes and how to buy them. If anybody could give me any pointers that would be great. If anybody has actual experience that would be AWESOME!!

Thanks for all the help & I look forward to hearing from you

Hi Hunter. Pre-foreclosures has been my world for the last 10 years nearly. I have bought them as flips as investor, and listed them as an agent when flip doesn't make sense. Let's connect.

Hi John, how do you usually finance pre foreclosure leads? I would imagine a conventional loan would take too long to get approved in order to close before the foreclosure auction date?

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Salt Lake City, Utah

Does anybody know any courses/programs that they recommend for learning how to find off-market properties? I'm specifically interested in learning how to land a pre-foreclosure deal, but I think I need a structured system for educating myself and have a teacher/mentor for support and to hold me accountable during the process. Thanks in advance!

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What is currently an attractive MTR market with strong cash flow?

2 Votes

Does anybody have a handyman they've used to patch up holes on a roof that they'd recommend that services Jersey City? I'm leaning towards hiring a skilled handyman who's cheaper than a roofer because it should be a simple patch job that shouldn't require too much specialized skill. Thank you!!

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Jersey City, New Jersey

I think I'll be in a position to buy a property in about 1.5-2 years and was wondering if it's too early to decide on a market to invest due to market fluctuations? If now is too early to start picking a city, how far out until I'm ready to buy should I wait before I pick a city to start looking for deals?

1 Vote

Can anyone share investor meetups that meet in Jersey City, NJ or close by?

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Jersey City, New Jersey

Quote from @Eliott Elias:

Inspectors are a waste of money, unless you use them for negotiation purposes. They are not specialists, they won’t disclose all issues, and they are by no stretch of the imagination qualified enough to detail all issues with a property

Have your contractor instead walk properties with you.

Interesting I didn't know that, but good to know! Thank you!!

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Jersey City, New Jersey

Quote from @Carlos Ptriawan:

Quote from @Jared Fisher:

I recently bought a property and hired an inspector that my realtor recommended and said he used for his own properties, so I thought that was a good enough reason to hire the inspector myself. After a few months, there were 2 leaks and a roof specialist came and pointed out the areas of the roof that had visible signs that it needed immediate repairs. Also, he showed me additional issues with the roof that were visible by just looking at the defected areas. According to this roof guy and another contractor, each of these issues should have been caught in the initial inspection before I bought the property. My question is, how could I mitigate the risk from being in a similar situation with future properties? Is there anything I could have done differently to save myself from being in this situation?

sometimes it's good to execute with 2 inspections. This issue is actually more common with inspector that's recommended by realtor, they started to think it's an easy regular job.

Good advice, thank you!

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Jersey City, New Jersey

Quote from @Bill Forrest:

You stated that “after a few months”. How many exactly? A lot can happen in a few months. Storms, hail, snow, high winds, tree branches in contact with the roof, not to mention tree branches falling on the roof and tenants climbing on the roofs.

Maybe the inspector missed it but maybe the roofer is looking for a payday.

Been 3 months since the leaks and there has been no hail in that time. A few rainstorms occurred since then, but I don't know the exact number.

There are areas where the roof wasn't attached to the vinyl that seems to be causing the leak, so it definitely seems that the roof has been an issue for awhile. When the roofer showed it to me, it did seem surprising that it was missed during inspection given how blatant it was

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Jersey City, New Jersey

All Forum Posts by: Jared Fisher

Jared Fisher has started 18 posts and replied 29 times.

Post: Financing Pre-Foreclosure Leads

Post: Pre-Foreclosure/ Foreclosure Experiance

Post: Recs on courses/programs for off-market deals particularly pre-foreclosures

Post: Current MTR Markets

Post: Requesting Referral for Roof Repair

Post: When to identify your target market

Post: Jersey City Meetups

Post: Terrible Experience With Inspector

Post: Terrible Experience With Inspector

Post: Terrible Experience With Inspector