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All Forum Posts by: Jonn Vidal

Jonn Vidal has started 73 posts and replied 154 times.

Has anyone heard what's going on in that County on Long Island?

Last year it was 'just' 842 homes that were double-billed last-minute as much as 62% extra causing a mayhem of erroneous delinquencies through 2022 where the Treasurer recently pocketed millions from quickly selling off tax liens created by the inflated bills  this February.

It even billed a tax-exempt Nassau parish erroneously a 2nd year in a row for another half million in property taxes despite their grieving the first year's error, which seems took over a year to finally reverse the bill which added up to over a million dollars in erroneous taxes!

https://www.nassaucountyny.gov...

Apparently its a lucrative investment though, but risky cause when the tax liens are released after correction, the lien buyers don't get their money back do they? Well at least in WA but I don't know about NY do they have simiar statute:

https://www.atg.wa.gov/ago-opi...

now Florida Law statewide as of 2023

does it also require a log/recordbook of who accessed keys when?!

ie when give key to subcontractor, plumber etc must have a bkgrnd check on file for them first? (obviously just let them in instead where feasible!)

RIP Miya.

Post: Real Estate Investing Strategies that work In Long Island

Jonn VidalPosted
  • Bel Air, CA
  • Posts 158
  • Votes 45
Last sentence is so true across the states in my limited experience in NY, VA, FL, CA, TX: Agents still generally IGNORE even those 70% cash offers, not even presenting them in the case of CA.. still can't understand why; guess they're not afraid of review by CA BRE?
When confronted (ie listing expired then asked next agent or owner why they didnt counter my cash offer, only to be told they werent even shown it), i'm told that 70%  cash offers are 'significantly below asking' AND often also that the 70% would be reduced by repairs -- which doesn't make sense since my offers are always as-in condition no contigencies!
Also am told cash doesnt mean anything anymore since can be hard money.. um no, har money is loans, not funds on deposit.  Sad agents and wholesalers generally/lately bend terminology so much to their favor.
Anyways Long Islands unless you're like in the Hamptons seems to have alot of inventory hanging/sitting getting cold/frozen; seems most all buyers are saying its cheaper to rent than finance; guess they'res not much actual cash buyers in NY unless Manhattan Forest Hills DManor or Hamptons?!

Short Term / Mo to Mo Property Insurance? 


Farmers seems to still offer it in CA and still call it Unoccupied Insurance.

NJ Woman Dies After Setting House on Fire When Landlord Tried to Evict Her | NBC New York - YouTube


That's alot of poor kitties for one house! Hopefully NJ et al will tighten tenant affairs well as animal control soon; hopefully it was just 30(?) cats being sheltered for winter not permanently housed there!

RIP6

in 2020 there were alot of applicants that were military docs applying for STR, not just traveling nurses (which surprised me cuz i thought since they were military they would be given their own quarters!).

so anyways what's the broader wording.. Corporate rentals? or what?  to basically offer STRs - even bnb - but only for persons on assignment as opposed to leisure?