14 September 2024 | 12 replies
I can get there in case of emergency, I know the market, and its less "risky" I guess.
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13 September 2024 | 6 replies
I am going through the eviction of my tenant due to non-payment.We had the judgment pay and stay from the judge, but the tenant submitted an emergency appeal to the judgment.
15 September 2024 | 33 replies
I have never known of a title insurance company that would insure a tax sale property because there is too much chance for a title defect caused by a procedural error.
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11 September 2024 | 17 replies
You will also need money for closing and an emergency fund.
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20 September 2024 | 114 replies
You won't be incurring these every year..I think you should sit down and just run the numbers for the next 12 months, taking into consideration only what you expect to spend to operate the property, expect to spend on maintenance and a buffer for emergency repairs.
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15 September 2024 | 18 replies
I do t what to argue the merits of the importance of title searching for title insurance I get it you love them you want to marry them they saved you money unhappy for you I have my opinion you have yours I'm just saying would you take a step back and you look at the amount of BS that they throw in there with what they're doing and the fact that they do forget who works for who it's crazy that being said I'm just wondering how long this is going to go on for every time the house sells and if you do have some of that doesn't want to sign off as is their right not to want to give off all the information especially in the climate of fraud that you talked about is there a solution well its apparent your not well versed on how title companies work etc.. if there is multiple heirs and or similar names this is standard procedure..
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11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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12 September 2024 | 0 replies
Focus on emerging markets: Invest in markets where rent control is unlikely to be implemented or where regulations are investor-friendly.
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10 September 2024 | 7 replies
If you are changing careers and your income will go down significantly (you said change, I implied decreasing), why not keep the money as a back up/emergency fund in case you need it?
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12 September 2024 | 54 replies
Every state has their own laws, court procedures and legal forms pertaining to how decedent's estate are handled, including creditors and heirs.The rules vary widely, however you ought to decide if you are looking to buy the asset (real estate) from the person in charge or the interest of heir(s).Generally speaking, you'll probably want to buy the real estate, so you'll be looking to contact the person who will be able to sell it to you, typically called administrator, or if named in the will, executor, or by the generic term, personal representative.So, I suggest you ask the clerk at your probate court which document will contain the name and address of the person in charge.