All Forum Posts by: James Cheng

I have been told the best way to get comps is by getting the information from a realtor. Is there other ways I can do it myself?

Since we are in the topic of titles, I wanted to ask the guru's regarding this matter, when the title search is for a pre-foreclosure property. I have read several books and the author always advise me to complete a title search before making contact with the owner in order to determine if this is a property I should get involved. Based on my understanding, it is probably best to hire a title company to assist with the investigation; however, what happens if I find multiple properties I am interested in does that mean I have to folk out a lot of money to complete these transactions before finding a good lead? Can some one give me some feed back in this matter?

Hello Everyone,

My name is James and I reside in the NYC area and I am trying to look for a real estate agent to add to my team. Does anybody have any referral they can forward me?

Yes, VC Skylines is the name of my company.

What is a sheriff sale? Would that be the same as a foreclosure?

I am a little confuse after reading the conversation. Why would anyone sell their house for under 60% of the market value? Can somebody give me a brief explaniation of a foreclosure process?

The only understanding I have so far is
1. I find a pre-foreclose property
2. I offer to buy the property from the owner
3. I buy for a lower price than market value?

Is there anything missing?

Ryan, in regards to wholesaling, do one have to obtain a license or go through some trainning?

Thanks a lot guys :D

Hi everyone, thank you for the warm welcome. The project I am looking forward to in the up coming year is to buy, hold, and rent.

I have been researching for my next project and hope I had learned from my mistakes. I am looking into purchasing a 4-6 family unit in the NYC area.