All Forum Posts by: Mark Myslinski

Thank You

Hello everyone!I got a question

3 months ago i got in to the contract with the Florida apartment builder and was gonna buy one of his brand new apartments.Everything was going so slow, i believe 3 months or so?

i spent a lot of time on the phone,sending hundreds of documents getting the loan.i got approved very quickly but it was still taking time!I had 5 closing dates if not more and when the final date got close( April 14th) the mortgage company called me and let mi know that this property can not be finances by conventional loan(cash only or some different kind of loan with high  interest rate) so i drop the deal.they send me my deposit today.but i also 

 noticed that i heave been charged appraisal charge of $440.I understand that the appraisal  company done its job and get paid for it, but why i have to pay for somebody's mistake!

Do You have any idea if there is a chance to get that money back?(i had to gave them my credit card with application)who should i call?My RE agent told me there is no way to get that done(it happend  to her in the past)

Should that be the person who lie about buying the place with conventional loan?That's what it is in all their documents(conventional loan accepted)

Thank You all in advance 

Thank You all for Your opinions!I will consider moving with investing to far state like florida

Like i sad before i would love to start here in Jersey ,but everything is so expensive and i am not saying there is no deals .I am sure there are

I think i just need to hold my excitement  and try to be more patient with finding them.

Have a great day everyone!

Thank You so much for advice!

i read the The Ultimate Beginner's Guide to Real Estate Investing and love it!

i read also about Trenton as a good place to invest i think i have to take a close look

Hi everyone, i am brand new at BP and very interested in starting investing!

I am located in central Jersey and i have been able to save about 150k on my account. I was trying some stock investment but w/o any lock. When find out about this website i get so exited and wonted to start new venture

My short term goal is to grow some more money and start buying more RE properties

Long term goal is to buy some multifamily or SFH and rent them to gain some passive income. By the way i am 39

My question is, would You start investing in my area where houses are more expensive or go outside of my state? I have some family and friends in west Florida where houses are much cheaper 30k -100k and one of them is real estate agent whose sending me a lot new mls list daily with really good deals.

Should i use all of my money to invest or rather use loans to be able to buy more properties?

I am spending a lot of time educating myself on REI but i think it is a time to take action!!!

Thank You in advance for any help

Mark