I am nervous and unsure as to how to approach it being that not only is this my first deal venture, but I also am not 100% sure how the seller finance process works legally and through documentation as opposed to a traditional home loan.

Rents roughly doubled since 1993, but not quite, so the total rental for the two legal units run $4,500.

Between due diligence, rezoning (if applicable), site plan approval, construction drawing approval, offsite easements, permits, etc. it is a lengthy and expensive proposition.

The old lease transfers to you upon sale of the property, and is equally as legally binding as though you had signed it yourself.

Seller isnt willing to carry any financing, they want to cash outGeneral overview of rent roll and occupancy and financial break down which i entered in as much data as i could based off what seller provided in the Deal AnalyzerThe Unknowns:amount of deferred maintenanceAmount of inherited issues with city in regards to permits for modifications and additions made to mobile homes in the park structurally and with plumbing and electrical and who knows what else.

Seller isnt willing to carry any financing, they want to cash outGeneral overview of rent roll and occupancy and financial break down which i entered in as much data as i could based off what seller provided in the Deal AnalyzerThe Unknowns:amount of deferred maintenanceAmount of inherited issues with city in regards to permits for modifications and additions made to mobile homes in the park structurally and with plumbing and electrical and who knows what else.

Hi everyone I am a newer investor and had choose Newark nj as my starting point,like every newer investor i have a lot of questions to ask most of it are legal questions.can someone please help me with a great but friendly real estate attorney who will be willing to answer all of my questions and guide me in the right way Thank you everyone appreciate your help

You will find that it will cost around $1800 to do the required asbestos test, secure permits and do the tear down. standard 2 car garages with pad run around $14,000, plus or minus.

The owner of the company replied to me after I negotiated with my seller and informed me that in order for a wholesale transaction to legally take place I first have to close contract A with my own money, a lender, or transactional funds before I can close my assignment contract.

. :-)  It sounds then like realtors (under NAR, etc. guidelines, nationwide...) are likely 'unclear' about a "non- transaction" (and that clause clearly only refers to "commission sharing" in reference to actual "under contract" clientele) and likewise my either 'promising' or 'gifting' (in effect) money or perks to someone who 'refers' a potential client they can't work with presently (when I can help that person, who may then become a RE brokerage and/or mortgage, etc. client later on, when they resell, or perhaps refer others they know, if the agent(s) HELPED THEM OUT) doesn't even seem 'grey area' to me, unless there's more 'legalese' (statues, legal precedent, case law???)