All Forum Posts by: Harry Metzinger

Hi guys, unfortunately my workload is throwing a wrench in my plans.  Disappointed I won't be able to join you tonight.

@Justin Eaton Thanks Justin for organizing. Count me in for Tuesday.

@Dave Van Horn count me in!  Going to go in on @Sunny Shakhawala 's order.  Looking forward to it.  Thanks for putting so much effort into planning the MidAtlantic Summit.  @Odie Ayaga and @Justin Fraser had a lot of nice things to say after last year's event.  

I keep forgetting about these meetups too.  Have added a reminder to my calendar for early next month to look for Justin's post.  

BTW great podcast episode @James Masotti!  Thanks for being so honest about your painful experiences.

Looking forward to meeting everyone & talking real estate tonight.

Way to go @Justin Fraser!  Proud to be a part of this venture w/ you.

After 5+ hours in a car w/ @Justin Fraser and @Kevin Davytomorrow, I will definitely need a drink.  Count me in!

Hey @Justin Eaton please keep me posted for the next BP South Jersey meetup.  Thanks.  Looking forward to meeting many more local investors.  Everybody check out SJREIA too - I've been a member there for about 3 years and the networking and information is great.

@Greg Scott The very high liquidated damages amount would greatly discourage the sellers from thinking about pulling a fast one and backing out of the contract w/ work already done.  Re: "never rehab a property you don't own", would your answer change if the sellers paid for the rehab and I reimbursed them?  Not being able to rehab before closing would cut into my bottom line...I believe $10K in rehab would generate at least an additional $25K in sales price.  Also, I want to be in and out of this property as quickly as possible.

@Mateusz Prawdzik I doubt I would find a cash buyer at this price point, and there's not enough meat in the deal for both me and an investor, which is why I'm thinking about listing the traditional route. I look at annualized ROI, not total ROI. Let's say, for argument's sake, I end up making $15K and to be conservative, we'll say it takes me 3 months to make that $15K. Isn't that an annualized ROI of over 25%?

@Natalie Kolodij I am a licensed real estate agent in NJ. An assignment might be ideal, but since I gather assignments are not likely/not possible for end buyers w/ FHA or conventional financing (again, correct me if I'm wrong), I think it would likely be a double close. As long as I would be executing on a separate contract w/ the end buyer and have permission of the seller to list on the MLS, what would be the issue w/ listing on the MLS?