All Forum Posts by: Patrice Penda

@Patrice Penda - It's getting worse and worse with the information that they want. I recently applied for a new LL License with a new Property and Same thing. I needed to give them so much Personal info it was way beyond my comfort... but if not they won't allow me a LL License and registration. And of course you can not evict a tenant if you are not registered. Ever try to register a rooming house. It's actually a great property, but they insisted on a SS# and consent to a background check. Every municipality has their own rules, and are eager to send a summons if you miss something. And worse than the fee associated with the summons is being required to waste an entire day at court. It's only going to get worse.

Agreed!

0 Votes

In New Jersey, multifamily property owners need to register the DCA, and an "in-county agent" is required when registering the property.

What can I do when, as an owner, I self-manage my multifamily and I don't live in the county?

Any suggestion is welcome.

0 Votes

In New Jersey, multifamily property owners need to register the DCA, and an "in-county agent" is required when registering the property.

What can I do when, as an owner, I self-manage my multifamily and I don't live in the county?

Any suggestion is welcome.

1 Vote

It would be best would be to put it on the market. The more exposure they higher price he can get for it.
Looking for an off market buyer makes sense only if it would be an issue to put it on the market.
For example, you have a property under contract and you don't wish the seller to know that you are trying to assign the property or do a paper flip.
If that is not a concern, he should put it on the market.

1 Vote

Looking for someone to join a growing real estate business as a partner in charge of sourcing deals and acquisitions.

Do you have experienced doing wholesale?

Maybe you use to be a real estate agent?

Are you good at finding sellers?

Do you have good interpersonal skills?

Do you have experience as a salesperson?

Are you a self-starter?

If all that sounds like you, reach out to me here or via email at [email protected]

0 Votes

I agree with @Saul L.

Propertyhub is a better option for you in the UK

1 Vote

Unless the buyer insists on the LLC to be in existence at the time of the offer and verifying that by showing a certificate of formation. I have experienced that it is ok to make the offer under the name of what your future LLC will be and put in brackets (new entity to be formed).
That has been my experience. I am not saying it would necessary satisfy the seller.

1 Vote

All Forum Posts by: Patrice Penda

Patrice Penda has started 14 posts and replied 448 times.

Post: How will you finance this deal ?

Post: In-county agent requirement for multifamily registration in NJ

Post: In-county agent requirement in NJ

Post: In-county agent requirement in NJ

Post: In-county agent requirement in NJ

Post: In-county agent requirement for multifamily registration in NJ

Post: To Go on market or off market? That is the question

Post: Sourcing & Acquisition Manager

Post: England UK property at auction with access owned by a 3rd party

Post: During Offers - how to set up for possible future LLC at closing