I ended up buying 17 buy n hold houses since Covid and glad I didn’t listen to the experts claiming the sky is falling and RE prices will crash.

I would also recommend making sure the current owner is in good standing with the association and that all dues are current, otherwise that could become your liability post-closing.All in all, if everything checks out and the numbers work for you, condo/townhomes can be a less daunting way to break into RE investing, especially in a high-priced market like NJ.

As a tax professional and fellow investor, it’s good to have a great time around you Thank you Ben - I look forward to building a community of investors for providing the guidance to my journey on investments in RE.

Hi All,I'm an investment professional at an alternative investment firm (non-RE related) who recently moved to Austin, TX, and I’m excited to make my first real estate investment.

If successful at the auction and you re the new owner, how do you get a current tenant out of the property?

Congrats on taking this huge step in your RE investment journey!!

Also would love any advice on other way to get experience with the long term goal of building a RE portfolio.

That said, I can't stop her from taking the advice of another family member who has been very successful in RE.

1) LTV - seller doesn't want to you claim at last minute that you didn't get approved for a 10% NOO loan, so can't close and you want your EMD refunded.2) PMC Holds EMD - PMC needs to be a licensed RE broker to do this.

Property taxes in Columbus were re-assessed in January of 2024.