Hello all,Have an offer on a property, since I am using the property itself for the loan I am wondering if the lenders I am prequalified with only offer loans with rates/terms I am unwilling to accept, would this trigger the liquidated damages clause? 

Jersey City has been extremely hot for years, and like @Michael Klauder said, the competition is quite fierce and you have to know the area well as the "vibe", so to speak, could vary drastically from block to block in these bigger cities.Hudson, Essex and/or Passaic counties have multifamily inventory, a high percentage of renters, and convenient transportation options for your commute into the city, so those would be a good starting point for you.

I’d say it’s extremely scammy.

If you have good/fair credit and have 10-15% down for an investment or second home then pull the trigger now. 

I spent over a year researching deals before I was able to pull the trigger on this one.

However I would do it all over again because the knowledge that we posses today is extremely valuable.

I would be extremely cautious when you proceed. 

Hi BP members,First post here, been doing a lot of research and ready to find property and pull trigger.

I really enjoy analyzing deals and finally pulled the trigger, but now I’m playing the waiting game until I have enough capital for the next deal.

Aging MLS inventory, seller motivated by capital gains tax trigger.