All Forum Posts by: Michael Vitale

Great advice, thanks Jon!

It's an auction so I can't go any lower than the min bid.

Thank you so much for that great advice Lori. I will defiantly keep that in mind while making my purchases. Please let me know when you do finally decide to pull the trigger on your investing career, I'd be glad to be of any help to you that I can be!

Looking at a property to rehab and flip. There is one foot of water in the concrete unfinished basement. Signs posted read surface treated for discoloration. The house is only 1400 sq ft. Does anyone have any experience with this on a foreclosure, and if so what are your suggestions? Walk away? How much could this end up costing me if there is a big mold problem. House has no visual mold that I can see.

Anyone have any good general contractor recommendations in Central New Jersey that work with flippers?

Hey guys I was looking for some advice on a fix and flip. I'm very new to this. The property is 1400 sq ft with about a foot of water sitting on the floor in an unfinished concrete basement. There are signs posted in the house on same wall of all three floors saying "this area has been treated for surface discoloration, it has not undergone sub-surface inspection" it is even posted on a concrete wall in the basement. I know it has to do with mold I'm guessing from the sitting water, but why it would be upstairs is bothering me too. The interior ceilings look undamaged but I obviously can't see the top of the roof. What does this sign mean and has anyone had experience with these kind of deals. There is no contigincy allowed as it is bank owned. Can anyone explain what this might mean for me?

Thank you Brett and Gary.  I would definately be interested in speaking. with you Gary. I know the market is very good right now but I was wondering what spots in specific if any in the middlesex and surrounding areas might be a better place to focus on than others. I will most certainly be giving you a call.

Hello everyone, I'm a new investor with interest in New Jersey.  I'm particularly interested in middlesex NJ because it seems I can get my hands on homes for cheaper. I'm looking to buy homes rehab and flip them. I wanted to focus on one family detached homes as I feel the scope of work is smaller and better for a starter than a multi family or bigger property. I have a bit of money saved but have no problem getting a loan if I need. Ive spent several months educating myself and reading books on the subject but I'm aware that the biggest lessons come from the real thing. I've already formed a Corp and began looking at a few properties. I don't want to move too fast but at the same time I know the first step is the hardest and that is actually doing something. 

 Can anyone guide me in the right direction? Am I even looking at the right area? I know the market is moving fast and I was wondering if there was anyone familiar with the middlesex (or surrounding) area of New Jersey who had any tips for me, Looking forward to learning on this journey through BP and meeting other Investors like myself. I'm ready to role, I just need a little help!