All Forum Posts by: Michael Gessner

So theirs a property that has been foreclosed now for over a year, Aug of 16 the property was first placed on hubz, since then it has had 16 price reductions still active on hubzu and the MLS, Ive already walked the property, needs a good size reno to bring it back up to par, the question is has anyone ever encounter a scenario like this, is there anyway to get an offer in, the auction on hubzu never meets the reserve the property is going to waste, the only occupants are all the cats living in the attic and garage lol

@kevin Hill send me an email [email protected]

I guess no ones out there huh

sent you a pm

If your a wholesaler in Rockland, Orange Putnam Dutchess And or Westchester counties in New York reach out to me asap if you have properties that will make decent flips, If you in NJ and have a property send it to me, I don't care where, if the numbers work as a flip then I want to see it !!!!!!!!!!!!!!!!!!!!!!!!!

[email protected]

@James ONeill, technically my licensing board requires the funds to be put in some sort of escrow, but no one ever does. The best and only way to protect your self is finding an honest and reliable contractor, I would start by attending your local meetups, get some contractors thru people in the game already. best of luck to you, unfortunately this happens all the time and it sucks, I had a contractor screw me last year for big bucks, we did a job together and sure enough took my share and ran off, and guess what I have no recourse, by the time I go after him ill walk away with penny's, so believe it or not it happens on both ends of the spectrum 

@Hilly Fricks I would contact the local consumer protection, or licensing board. If they are anything like the licensing board here , if hes operating without a license he will face jail time his equipment can be seized and so on, if he is licensed they may be able to suspend his license pending a complaint.  By me it is a criminal offense to take money from a how owner and not start the work. As a contractor myself I always get a deposit upfront upon singing contract, I would never do work for someone who will not give a deposit. Next time make sure you have everything in writing with every detail possible. Good luck

@Felix Rivera if you decide to whole sale it let me know im down in rockland, is it an approved short sale. Can you pm me some info on the property, how many beds sqft baths etc

@ John Thedford, yes, im looking for an agreement for a possible friend of the family who may invest capitol for my flips. So he will be backing them financially and I will be doing the leg work, securing the deals, doing the renovations, getting permits, design and listing with an agent, so basically all they will be doing is fronting the cash.