All Forum Posts by: Charanjit Singh

Thanks @Anastasia G !!

I was able to get the conventional mortgage. It was a lengthy and excruciating process but in the end - it was approved...

@Will Fraser - Thanks for your prompt response. I went to HD few days back and asked for open box. They did show me some but inadvertently their price on open box was as good as online price !! Lost all faith on open box then and there. Perhaps I shld try Lowes too. I will go there tommo and ask for open box.

I recently bought a foreclosure in Colonia NJ which needs lot of work - Floors, ceiling. windows, appliances etc. This is going to be my first flip - lets see how it goes !!

My question is - where should I buy my appliances from ? I need everything in appliances - refrigerator, oven, dishwasgwe, washer dryer, water heater etc. I heard flippers/renovators buy appliances from a difft store than home depot /lowes at a much reasonable price.

Any help is appreciated !!

Thanks for your response @Ryan Cox

Thanks @Jeff Kehl and @Roy N. for your elaborated response and explanation. This is an out of state investment for me (almost 3 hrs drive from my place). Had it been a matter of couple of hours on a weekday, I would have done that (I have done that in past for in state properties). Now taking a day off here and there is not an issue at all but the question is do I have to always do that when I have to look at commercials. I did my 1st phase of due diligence in terms of financial analysis and market analysis. Next logical step is property tour and LOI. Now someone may argue to have LOI firmed up before property tour - I guess that is just a personal choice based on comfort/expertise. I wanted to have a look at property before drafting LOI so that I can take into account any apparent issues upfront in my price point/negotiations.

Thanks @Ryan Evans and @Yousif Abudra for your response. So this looks in line with what I have bewn told.

Thanks @Jay Helms @Mike Dymski for your response. I dont think its the state law. I am looking in Delaware area. I was told that this is how commercial real estate typically operates here i.e. all showings by broker on weekdays only. Thought of checking around with other investors who possibly are in the same boat. Perhaps region specific "de facto" rule !!! Perhaps an investor from Delaware/Pennsylvania/New Jersey can share their experience !

Are commercial multi families brokers available to show property only on weekday or are they available on weekend as well? I was told that commercial brokers work only M-F which means if I have to see property,I should go on weekday. I am working fulltime and I am sure there will be buyers who are in same position. How are they working out this situation then ? 

@Mark Allen - I agree with you that buyer broker has to bring value but I am not sure if buyer broker can be (or rather should be) eliminated entirely. I agree if seller broker is talking directly to buyer, it may be eliminated and perhaps thats the norm for big investors where buyer has a reputation and all brokers know him. But how should starters go about this. I believe they have to start building relationships with brokers and if buyer broker brings the deal (by searching loopnet or through his own links), he is adding value to the chain

Thanks @Joel Owens for the insights !! makes sense.