All Forum Posts by: Fahima Hilal

I'm keeping an  eye out for meetups too, Please let me know 

Thank you .

Hello, 

I'm looking for Investor meetups in North Jersey .Are there any happening here? 

I meant 1000000*.02

See what land has been recently sold in that area. Expect to pay slightly more per unit than what a 

bigger lot has sold for . For example if a 1 acre plot has sold for a million, expect to pay a  little more than 1000000/.02

Harry -I closed in on a multifamily in Greenville, but it is on the main JFK Blvd, and opposite NJCU , so its pretty safe and desirable as opposed to the areas behind this, on the side roads . I got this from a wholesaler and very happy with the deal -I would say -go to the areas physically and check out the feel of the place-Talk to the neighbors , observe , before putting in an offer 

Yeah -He is contacting an attoney but I always like to know what BP users think! 

And as far as verbal commitment, I have text messages from the seller saying he would void the contract  

My client had been in contract with a seller who had won an auction bid at a sheriff's sale. 

Half-way through the AR period, he raised the price by 4K stating that due to holding costs with the sheriff, blah-blah .My client agreed and was scheduled to close. Seller then calls him and says there are tax liens that have come up on the property and he wants him to split the difference .My client does not want to proceed with the deal anymore and asked for a cancellation. Seller is not letting go stating the contract is in force. He is willing to give it without the cost of the tax liens . But my client is no longer interested . WHat are his options considering the following:

1) He has not signed the amended contract for the extra 4K seller wanted 

2) I have the text messages from the seller stating that the deal is off since buyer is not willing to split tax liens 

3) He has already put in an offer for another property 

My client is in the process of buying a property from an owner.It turned out that the 'Owner' was actually a winning bidder at a sheriff sale. After agreeing on a prize to transfer the winning bid to my buyer, we found during title search, there are tax liens .The seller wants my client to split the lien with him (around 11k ) . I feel it is unfair as there was no mention of any liens or additional expenses while negotiating on price.

What is the liability of the seller if my client backs out? What else could be done to redeem this without additional expense to my client? 

Nice problem to have and easy one to solve - The life of a heck a lot of people out there could be changed with charity you are able to provide -money that you made with all your knowledge, experience in an honest way. Go out and change the world ! The world needs more people like you !