All Forum Posts by: Denise Stanford

Most state licensing laws and MLS regulations prohibit listing a property on the MLS unless you are the owner. There are some that might allow contract owners to list a property but disclosure would probably be necessary. Best to check with a local broker in your area.

You've answered your question by summing up the market conditions. Sellers will more often list with a broker expecting the benefits of MLS exposure and internet marketing. Given your local market conditions, sounds like getting your license is the way to go.

Having a RE license is a valuable tool in real estate investing.  Good luck with your class.

There's not enough margin in a MLS-listed property to support your investor's strategy.... after paying listing agent and your commission. Sounds like he needs to find his own deals or reevaluate his Buy Strategy.

Having a RE Lic is a great way to understand RE investing.  Access to inventory and tools will help to understand what  are important to investors. 

Much success,

All responses are great. What can also help in estimating repairs is becoming familiar with the cost of materials.

Welcome fellow NJ investor to BP. There is a REIA that meets in the Secaucus area. They sponsor meet ups and workshops.

Hi Winnie,

Welcome to BP. The property calculators are good tools to use when analyzing the properties you're considering. Glad to see another New Jersey investor apart of the community. Hope to see you at a local REIA event.

Welcome to BP Kyle!  Sounds like you have a great "Why" to investing in real estate.

The inspection can be done for an investor for informational purposes.  Yes most investors are buying properties for pennies on the dollar but it's still important to know what you're buying.   I have seen where some investors have included in the contract of Sale to sweep for an underground oil tank as a contingency.