All Forum Posts by: Justine Murphy

Anita drake is a great agent -exit realty and also an investor and used to own he brokerage. 

Dan axeman is another great agent. Not an investor but a hustler. 

If you need phone numbers I'll forward them

the local reia meets tomorrow on rt 9 at 7 pm.  One guy that was a guest speaker was a lawyer that does double closings.  Here in Hudson valley

I think bigger pockets is a great resource, I am an active reia member, I talk to friends family and network about real estate.  I give finder fees for deals. Some of those questions were arbitrary, I have both cash flow and have equity,  are you looking for net worth. I wrote a lot and it wouldn't let me submit it.   Point is biggerpockets is one of many resources that well rounds me and I appreciate it .

Hello all,

I was approached by a third party to lend 30000 to a guy to pay his taxes for house that has no loan and is worth 150k. Using the house as collateral. It is up for tax foreclosure auction about 35 days from now in nys. I told a couple of investors and they told me be very careful with nys equity theft prevention act, dode frank  and sec. 

I got in touch with the owner and  I told him I was not interested in a loan but would be looking to purchase the real estate to keep as a rental. He was interested, I told him with such little time I didn't want to limit his opportunities so I would be frank.  I told him I could only pay 60-70 percent of after repair value and asked if he still wanted to meet. He was still interested. Is there any laws or rules that I should be aware of. I am running comps and did a drive by, it seems to need love but might be promising.  I have bought 4 rental in last 2 years but all with normal circumstances. I don't want to do anything that can hurt my future or my reputation.   Thoughts.  What am I missing????

I thank you all in advance for any help