All Forum Posts by: Jack Phillips
Jack Phillips has started 2 posts and replied 7 times.
Post: Looking for local wholesalers with cash buyers lists
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Hey everyone, Im beginning my wholesaling journey and think JV'ing is the best place to start. Are there any wholesalers located in the North Jersey area with cash buyers lists willing to work together? Thanks
Quote from @Earl White:
Is it required to put the legal property description on the purchase & sales agreement and also the assignment contract? Or do I not have to put this information? You do not need to put the full legal description, which is about 4 paragraphs drafted by a surveyor, on the contracts; however it is customary to insert the lot and block number. I highly recommend https://njpropertyrecords.com/ and many of my investor clients use this and I even have it for myself. You pull up the lot and block on the county website or city tax assessor website – but that would be a bit of a pain to keep trying to find it and there is lots of value in NJ Prop beyond just block lot – i.e. last deed to confirm ownership, tax assessed value, you can click around to nearby properties, flood zone – all key public info in 1 place to pull up instantly
If I do have to put it on the contracts (which I assume to be true) where do I find the properties legal description? For lot block it is customary to add lot and block for specificity – which is important if you are doing a deal with multiple separate parcels with similar addresses; selling properties next to each other.
In my opinion - get your real estate license. You will learn useful information if you are new, don't have to sweat operating in a legal grey area, and you can have side hustle selling for friends/family.
That website helps out so much. Once again, I really appreciate it.
Quote from @Earl White:
Is it required to put the legal property description on the purchase & sales agreement and also the assignment contract? Or do I not have to put this information? You do not need to put the full legal description, which is about 4 paragraphs drafted by a surveyor, on the contracts; however it is customary to insert the lot and block number. I highly recommend https://njpropertyrecords.com/ and many of my investor clients use this and I even have it for myself. You pull up the lot and block on the county website or city tax assessor website – but that would be a bit of a pain to keep trying to find it and there is lots of value in NJ Prop beyond just block lot – i.e. last deed to confirm ownership, tax assessed value, you can click around to nearby properties, flood zone – all key public info in 1 place to pull up instantly
If I do have to put it on the contracts (which I assume to be true) where do I find the properties legal description? For lot block it is customary to add lot and block for specificity – which is important if you are doing a deal with multiple separate parcels with similar addresses; selling properties next to each other.
In my opinion - get your real estate license. You will learn useful information if you are new, don't have to sweat operating in a legal grey area, and you can have side hustle selling for friends/family.
Thank you so much Earl! I really appreciate the help.
Thank you man, I was getting worried I couldn't because of how the law is worded haha. Thank you for looking it up. I really appreciate it
Quote from @Kevin P.:
Hello Jack,
I'm in Monmouth county but I think they probably would have that for Bergen county as well on the county recorders site. I would search for the Bergen county recorder and search for documents using the address of the property. And one of those documents you should find the legal description that you can copy. Good luck!
Thanks Kevin, since you are also in NJ I have one quick question for you. We do not need to be licensed in order to wholesale homes here right?
thank you guys. I was testing it out for my own address and could not find the legal description of my own house... If that is the case would i just leave this blank on the contracts?
Good Morning everyone! I'm so excited to get started with my real estate journey. I'm currently in college and I'm going to start wholesaling homes in order to create income. I am reading into everything and all of the steps, one thing I was told to do in a video was to practice filling out the contracts but I can not seem to find where to find the legal property description anywhere online. Is it required to put the legal property description on the purchase & sales agreement and also the assignment contract? Or do I not have to put this information? If I do have to put it on the contracts (which I assume to be true) where do I find the properties legal description? I am in Bergen County, New Jersey and decided to start locally. Any help is much appreciated. Thank you.