All Forum Posts by: Vivian Benn

I have found another multi family, 2 units. The house sold in 2005 for 571k the bank is asking 389k. I was just interested to find does this look like a good deal for a long term rental until the market changes. House was built in 2005 and in good condition. Just a little nervous because the rent will just cover the mortgate insurance and taxes I will break even...but if I lose a tenant then I am looking at coming out of my pocket any suggestions?

thank you

Hi everyone,

I am looking for a hard money loan in New Jersey, one that I can work the down payment into the loan. Does anyone have any suggestions or referrals?

Also I am a little confused on the hard money loan. How much percentge will I need for a down payment on a hard money?

thank you,

vjb

Well I found out the house I want is zoned for one and two family by calling the Builings Department and they connected me to the Zoning Department. They were very helpful. Jons advice was awesome. Because you never know until you ask. The key word he used was Legal.

kudos to Bigger Pockets

Best wishes,

vjb

Good Morning Jon,

Wow...I have to say that you are truly an inspiration..whenever I am searching for more knowledge or information on a topic...you better believe wheatie is right there assisting people...thank you so much for taking the time out to share your experience on this tool that Joshua has afforded us...You have helped me more then you can imagine.

Jon this home was totally renovated I mean it looks brand new inside...Its a forclosure and the bank is insisting on a Rehab. loan...there is little to no repairs to be done a light fixture cosemtic thats it...can you help me here...and are rehab. loans good...a friend of mines said let it go...tell them you want it as is or not at all..I am having a contractor look at it tonight..thanks

have a wonderful day,
vjb

I need a help I found a house I want to buy its a legal single but set up like a two family...my first question is how hard is it to make it into a two family...

Second they want me to take out a rehab loan on the property its bank owned is this good...

I am a newbie and this is all foreign to me...

thank you

vjb

Not a problem Anyandall...a Realtors job is a tough one...thanks again

By all means agents need to get paid...I would pay what I have to...Thats not a problem...I am very new at this and right after the post I called the agent and worked it out so thank you so much...It was a case of bad communication on both parts...

Have a wonderful day and thanks for the knowledge.

vjb

Hi

I want to buy a property owned by Countrywide...they are dealing through a agent...I want to know how to get my offer to them directly...

thank you

vjb

Jason thanks again...I have a lot of research to do...do you suggest joining a reia...to get more familiar with investing?

Jason I am a newbie and I appreicate your advice...I will consult lawyer on this...I will make my business to visit your site your great...thanks