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All Forum Posts by: Larry K.

Larry K. has started 23 posts and replied 298 times.

Post: Want to cancel a Contract to sell a four familiy in New Jersey

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

I'll second what others are saying.  Your atty can give the best guidance.  The term I recall is "specific performance"

Post: Section 8?

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

my sec 8 tenants are fine.  They keep a neat house.  Somewhat of a pain to have to deal w the housing authority though.  Rents ate slightly below market but checks come right on time

Post: Young, married couple looking to learn about rental properties

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

There was a recent BP webinar on this that was very good.  I have a few rentals myself.  BP is on your side.  You can probably find everything you need right here.  I am glad to hear you like your job. That is a big plus. 

Post: New Investor in New Jersey

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

Welcome stacey!

Post: Tenant Broke Kitchen Faucet But Lied About It

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

I would send them the invoice. If they don't want to pay then I would not make a big deal out of it if they are otherwise good tenants.  But keep it in your back pocket should the day come when you need it.

Post: is there a market for private note originators or buyers?

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

This is for properties that are renovated and rented. They were bought and renovated with cash and I am now looking for long term bank type financing as I hold them as long term rentals.

Post: is there a market for private note originators or buyers?

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

for properties that are renovated and rented. bought and renovated with cash and am now looking for long term bank type financing.as I hold them as long term rentals.

Post: is there a market for private note originators or buyers?

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

such as to refinance a 2 family rental?

Post: Pre-foreclosure/NOD Lists

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

 the county sheriff, who will administer the sale, have a website where the lists are posted. it is right there from the source. adresses, names, dates, etc 

Post: who owns the turnkey property?

Larry K.Posted
  • Investor and Architect
  • Ramsey, NJ
  • Posts 305
  • Votes 84

Does the TK company actually own it first (name on deed) then sell it to their client/the new owner). Or are they acting as a realtor between a seller and their client/the new owner. Or a double close as wholesaler?

 Once owned does the TK company have any ownership interest or are they strictly a 3rd party manager?