All Forum Posts by: Marc Celestin

@Chris Masons How are the condo assoc fees?  I have a condo that I rent out in Cherry Hill and the association fees and assessments can quickly eat away at cash flow.  Im not a big fan of condos for investment properties due to the lack of control, but again, if the numbers make sense, go for it.  

@Huseyin Tatar I agree, but it seems as if there's 2 NJs.  I completed a deal in North Jersey and it seems like an attorney was a must, but I've done deals in Central and South Jersey, title companies all day.  I say have both attorneys and title companies on your team to help build those relationships.  

@Jesseca Lawal I use to run my own appraiser shop, until the market crashed, lol. I work for the VA as a Sr. Appraiser/Construction Project Mgr., but I can definitely help you out. Inbox me and let me know how I can help you.

Hey Jesseca, welcome to BP.  There is a wealth of information on here.  Im a wholesaler in the Mercer County area, feel free to stay connected with me.  

Good luck on your investing endeavors.  

Welcome to BP and the questions you're' asking can easily be researched on BP.   What Cameron is basically saying is make use of the resources you have right here on BP.  

Best of success.  

@Jonathan Aguilar there's no reason to be apprehensive, begin your journey by learning through BP and attending RE meetings.  Eventually, you will have to invest in your education, whether its a book, course, mentorship, etc.  Spend wisely.  

Wholesaling is not illegal, whats illegal is false advertising, deception, etc. I think whenever real estate heats up, a lot of strategy are misused because of poor training. I think it makes wholesalers vulnerable and susceptible to lawsuit. If you provide full disclosure and operate within the law, there wont be a problem.

Hey @Jaago Viitkin ,

1)Have a good negotiator 2) stay away from banks who typically are difficult or less likely to discount a property 3) make sure you are there for the BPO to point out all issues, 4) provide the BPO agent with comps - some will accept, others may not and 5) build relationships with the reps

Hey @Eli Kallison ,

I actually sat with him this weekend to discuss his program.  He's bringing in gap funding and working with a private lender to provide a 100% lending.  As long as you meet their criteria, you have a great opportunity to fix/flip a lot of properties.  Jersey is definitely seeing an upside in the market, so there's some opportunity here.  

Hey Will,

Welcome to BP, there's lots of great information and knowledgeable folks on this site.  What do you plan on doing in real estate?