All Forum Posts by: Mark Langdon

You could take soil samples at the 4 corners and by the piping to see if you get anything assuming its not buried under concrete. If the samples come up clean then to take the tank out should only be $ 2000 or less. But even with the corner samples its never guaranteed there are no leaks as it could be directly underneath the tank but the chances go down. Qualified Tank offers a guarantee for a little more money I think if they take the samples and it comes up clean that they will then take it out even if they find a leak after the samples come back clean. Unfortunately everyone is stubborn now and make the buyer take it out as the sellers are more in control around here. So you can spend some money and hope for the best and its clean and then the $ 3000 will cover it but you would have to take the samples at your cost and be able to get out of the contract if the samples are bad unless the seller is willing to pay for it. Worst case is you pay for dirty samples that come up bad and then cancel the contract.

I went to TD Bank. Seems easier to get setup and less mistakes. I used to use Wells Fargo and it was always a problem.

Sorry that's one county I don't invest in due to the long DOM (Days on the Market) when you try to sell it again. You might do a great job on the flip but all that nice work will just sit there waiting for someone to buy it. Be strategic on what town you choose looking for the best DOM

Naomi; sent you a PM to contact me. Thanks

$ 3750/month + tenant pays all utilities on a 4 BR/2 Bath SFH in a New Jersey (NJ) town rated #1 in the state by NJ Monthly magazine.

I'm where you are from Central NJ to Northern NJ. I am doing fix & flips along with buy & hold rentals from Middlesex County up to Bergen County. Reach out to me if you have any questions moving forward. Always love to help fellow investors.

Congrat's. Sounded like a solid deal. Time to do another. Don't stop

Depends on price of the home and length. My prices for 6 months 1-shots are around $ 550 - $ 650

Use transactional funding or sell the LLC. That's the only way to do it.

I would do 1 flip and 1 buy & hold multi. It really depends on what YOU want to do or are comfortable with; no how much money you have. Do you like flips or rentals and knowledgable in both. You decide first what you want to do and then apply the money.