All Forum Posts by: Larry K.

@Ned Carey

Being an agent makes it OK - bull poop

I disagree strongly with the belief that being an agent makes it OK. An agent has a higher duty to disclose facts. If an agent knows a property can be sold for a higher price (or believes so strongly that he or she puts it under contract for their own benefit) it could be argued that the agent hasn't dealt honestly with the seller. (Unless he or she has disclosed that fact)

Thank you for pointing this out. Realtors have a fiduciary responsibility to their client and should be getting them the highest price possible, not keeping the highest price hidden.

@Kate H. is there a basement or is the house built on slab? Your situation is on the ground floor level right? What is the grading or drainage like? Does it drain away from the house or toward?

It is possible water is wicking up from the ground.

I did not bid this time. I will let you know the next time I go.

It was good to meet you Sunny. Hope I was helpful. I definitely want to keep in touch with you let me know how things work out w your mf purchase

Are either of you interested in going to the sheriff sale in hackensack today.  I plan to be there. 

what I love about this is all the up front, real world expense, resulting noi info. it helps all of us to then understand what really happens. 

even if you have done multiple deals for many years, none of us knows it all and it is great to share notes.

thank you all!

Hi Sunny.  I have gone to the sheriff sale in Bergen County and also in Passaic County. I recently bought one at the Passaic county sale. If you still want to talk w someone you can reach out to me. 

of course 

do not hire a gc. make sure you have the time to "check in". most trades will meet you at 7 am for pricing and coordination. if you can get there during the day so much the better. otherwise visit at night and call them. going forward you will have areliable group of go to guys.

does anyone have more recent experience with visio financial?

has anyone here actually borrowed from them?