All Forum Posts by: Scott Morrison

Hello! I am relatively new to investing in real estate and was wondering how to go about getting a list of upcoming homes being offered at auction. I live on Long Island and most of the sites that I come across require a subscription. Is that just the cost of doing business, or is there a better way? Thank you in advance.

Hi Jamal! Thank you for the information. I am looking forward to getting involved.

Hi Tom,

We should get together. I am available just about every weekend if that works for you.

Looking to put together a meet up once a month in Suffolk County. It will be a great opportunity for everyone to come together and discuss all aspects of real estate investing on Long Island. I am planning on the first meeting to be one evening in October in the Smithtown area. Please let me know if you're interested.

Thanks Christopher! One question - impounds?

Hello! I am new to real estate investing and I have a question (hopefully not a dumb one) that I hope someone can answer for me. When you purchase a home to flip, how do the property taxes fit into my pro-forma? Do I only pay the property taxes when I sell? If I purchase the property in June and sell in October for example, do I pay the taxes when I sell the home for only the months I held it? I am not taking out a loan - I am buying the property cash. Thank you in advance for all your help.

Very nicely done! Congratulations on a job well done.