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All Forum Posts by: Ricky Butler

Ricky Butler has started 6 posts and replied 98 times.

Post: Lien Limbo

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Jen Boyd, I'm typing without my glasses so please excuse the typos. Spell check is not helping

Post: Lien Limbo

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Jen Boyd, as it appears this property has no additional liens and is still owned by the municipalaty. However, it remains in limbo because there computer system indicates that it was purchased at an auction by a local investor. We've identified two way's to remain in the hunt. #1 upgrade our participation as a pre approved contractor or vendor to a pre approved developer within the municipality with future acquisition benefits. #2 Negotiate an off market puchase of this property with the investor that actually was awarded this property via the auction. At this point, we are actively pursuing both options. As approved developers this would not be an issue going forward. Additionally, we get to establish a professional relationship in some capacity with a seasoned investor highly regarded in town. #WIN WIN

Post: Morris County Contractors Bids

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Errol Watson, it was a pleasure speaking with you this morning as discussed I hope that our conversation was of benefit. Feel free to contact me if I can help #Good Luck on closing this deal 💯

Post: Morris County Contractors Bids

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Errol Watson, I will call you in the morning.

Post: LUXURIOUS COLTS NECK HOUSE IN NJ ! HIGH ARV

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Vita Dementchoukova, Is that Plainfield property still available? 

Post: From 0 to 1,000 Posts - How Contributing to BP Breeds Success

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Brandon Hall, Awesome! I can feel your sincerity within this post. It's better to give unconditionally than receive. Thanks for sharing.

Post: New Hawaii member seeks multi-family opps in New York or D.C.area

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

Welcome to BP & the Garden State!

Post: New Investor from New Jersey

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Brad Scott, Welcome to BP! 

Post: Lien Limbo

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Jen Boyd, We will find out the details of the lien(s) this Wednesday. However, I'm assuming that it's not a tax lien or anything regarding the city at this time.

Post: Lien Limbo

Ricky ButlerPosted
  • Real Estate Investor
  • Montclair, NJ
  • Posts 102
  • Votes 13

@Eric H. I only have this information as a result of conversations with municipal personnel. Additionally, I highly dought that this municipality holds over the counter sales unless a municipal mission is being satisfied such as first time home buyers, affordable housing, local labor forces etc. I thought about retaining a title company but I won't do it for a loss cause. However, I do have a meeting next Wednesday of which they've agreed to share terms, status of purchase, and lien details for this property.

@Ned Carey, I hope your right we feel the same way! Thanks guys!