All Forum Posts by: Jessica Zolotorofe

I may be biased because I am one, but I would definitely say its worth it. Lawyers know to look out for the little things to protect you and they also help with title, inspection negotiations, loan coordination and closing. I have a lawyer close my deals, I don't even close them myself-too close to the subject for it to be a good idea. Especially with bank owned, they are TOUGH and will completely ignore your requests for contract modifications most of the time. Lawyers have a little more luck, though REO is not easy to negotiate either anyway. Fees in that part of NJ probably range from $1000-1500.

I don't think the certificate is necessary, per se. It certainly doesn't hurt, but most people in the field don't have degrees specifically in commercial RE. That being said, there are so many nuances and so many things to learn about the industry, soak up all the education you can! I don't think they have a degree program, but as far as commercial real estate knowledge goes, look into ICSC. They just had their big recon in LV last week and anyone who is anyone in CRE goes pretty much, but they also have a ton of educational options and lots of networking events. Worth taking a look at. Good luck!

That’s pretty specific and pretty soon. You can try Stephen Appolonia at AAA Inspections, but can’t you just get an extension of your inspection contingency period?  

hmm.. I don't have a good VA contact, but try posting in the local thread for VA and ask for a good mortgage broker or lender that does blanket loans. Not sure of your reasoning wanted one loan, but it's definitely a possibility. Good luck!

Try Chris Keelin at Family First Funding. He's really good and serves a lot of Hudson Cty.

Where are you located? I can suggest some lenders that can help. Blanket mortgages are just what you suggested, mortgages on multiple properties, but I do believe they have to all be in one borrower name. 

You will have to have one loan for each property. There are blanket mortgages, but not for different borrowers, as far as I know. 

Such a pain. You can literally just call the document "Amendment" and say this is an amendment dated May ___, 2019 by and between X and Y to the contract of sale (or whatever the contract is called), dated ___. The parties hereby agree that the title company for the transaction will be ______. And then have both buyer and seller sign. Doesn't have to be fancy, the banks and title companies just have to check boxes, so that'll do the trick.

The listing agent is only going to push the property they are listing.  A buyer's agent's sole goal is to find you the right property. They will (or should) make you comparison charts, projected income reports, set up multiple showings at your convenience without each listing agent having to come out and open the door for you, so it's much faster and more efficient. You're relying on a single agent to represent your interests. You don't pay the commission anyway, so why not have the personal attention? As far as familiarity with the area, it totally depends on where you are located. So for example, I'm in NJ. The suburbs in particular are more conducive to an agent that is knowledgeable in the whole county. If you are looking in specific cities with numerous neighborhoods like Jersey City or Newark, you would want an agent that is very specifically well versed in those cities. Hope that helps! Best of luck.

If she never signed anything and doesn’t know if she owns the property, why is she paying the bills? What do you mean in the county? Like the county records say she is the owner? Maybe you are looking at an old deed then. Where did you get the deed from?