All Forum Posts by: Maggie Pena

Thanks so much Chris and William for the advise. I really appreciate it. Maggie

Hello, I found a foreclosed property that I really like. The bank is allowing to submit offers for the first 8 day only to people that will use the property as a primary residence (I will be leaving there). It's a multi family. The agent representing the bank is saying that the property appraised higher than the asking price. Also, he me mentioned that if 2 or more offers are received, they will ask for best and higher. My question is should I go below asking price since we will all get the opportunity to go higher if more offers are received? Is that a good strategy? Also, what if no other offers are submitted and the bank doesn't accept my offer would they then go straight to getting offers from investors? Would I loose my chance? I'm just not familiar with foreclosures. Thanks for you help in advance Maggie

Thank you, Patrick.

Hudson county - Union city

Hello, Can someone refer me to an experienced attorney with real state in New Jersey? Thank you, Maggie

Thanks Chaims! I will checkout loop net.

Hi Kevin, I live in New York and I want to find some foreclosed properties to flip. Do you know anyone in the NY/NJ area?

What's the best way to get in contact with REO agents?

Hello, I need advise to make a smart decision. I want to continue investing in properties. I bought a small condo two years ago in Salt Lake City. I have a tenant at the moment. So far, the condo has a little bit of equity and the mortgage is being paid with the rental income. I live in nyc where apartments are much more expensive and I'm renting a small studio. I don't have money for the down payment to purchase a place in nyc. My questions are: what would be the best move? Should I sell the rental property to buy a place in ny? Should I take a home equity line to put for down payment? Do I have any other options that I am not thinking about? Your advise is much appreciated.