What to do next?

2 Replies

Hey community,

I'm not new to BP but I haven't done any "official" deals yet.  I house hacked about 10 years ago, before I knew what house hacking was, then sold the place for a 40% profit.  Since then haven't done another transaction, but I'm anxious too.  

On my way to and from work is a house on a nice blue collar street, and the houses sell for around $380,000 (Emerson, Bergen county, NJ).  This is the ugly duckling of the block.  Tall grass, falling down screened in porch, cracked front window.  

Its also on a quarter acre of land which is more than most of the adjacent properties.  Its not for sale, but I'm not sure if its vacant or not.  What should I do next?  If I could buy it, I would get a hard money loan, and flip it.  But what should I do next?  How do I get the title information?  How much info can I get on line without having to go to the county office?  

I've been trying to Jump In and not have analysis paralysis.  (Although my one biggest limiting factor is I don't have a large amount of money as a back up, although it might be just enough, maybe 30K).

Thanks for any ideas.  Again, I'm just trying to get my first deal, and hopefully start the snowball rolling downhill.


@Farshad Mansouri

I would look up the tax records and try to contact the seller.  You can also try mailing them a letter explaining your interest in the property.  As far as how to get that information, it would depend on your county.  The ones I work in have at least the owner's name and mailing address online.

Brie Schmidt, Real Estate Agent in Illinois (#471.018287) and Wisconsin (#57846-90)

For property records (owner's name and mailing address, etc), try http://tax1.co.monmouth.nj.us/cgi-bin/prc6.cgi?&ms...

For public records (mortgages, lis pendens, etc) see http://bergensearch.co.bergen.nj.us/countyweb/logi...

You might be surprised by what you can find out online!

Jeff Copeland, Broker in FL (#BK3326487)

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.