Skip to content
Real Estate Deal Analysis & Advice

User Stats

2
Posts
0
Votes
Natan Gozman
  • Parlin, NJ
0
Votes |
2
Posts

Need advise on my first deal

Natan Gozman
  • Parlin, NJ
Posted Nov 27 2015, 22:13

I found a great house, well a shell but in a good area friend relative house.

There is some money owned to the NJ Tax and a small mortgage. I have the cash to pay of the loan and the tax. Need a loan for the Rehab.

What is the best way to close this. Will I have to do Title twice ? Should I put the title in my company mane and then get rehab loan, or can I do it ones, Tax certificate will go one sale in two weeks. Do n't want to pay closing cost twice.

Any sagestions ?

User Stats

2,082
Posts
1,043
Votes
Ibrahim Hughes
Pro Member
  • Real Estate Consultant
  • Bloomfield, NJ
1,043
Votes |
2,082
Posts
Ibrahim Hughes
Pro Member
  • Real Estate Consultant
  • Bloomfield, NJ
Replied Nov 28 2015, 17:55

Yes please add a pic so we can match face to the question.

Introduce yourself - we're a community here. Not an informative service. 

And please proofread your post so we can understand the questions. 

Dont mean come off rude but this is social media. Imagine coming into a room full of people/business professionals who are already having their own conversations and just stand up and start asking your question?  The room would think you were pretty rude imo.

With that said, welcome to BP Natan. We look forward to your contributions here.