All Forum Posts by: Account Closed
Account Closed has started 2 posts and replied 8 times.
Post: Real Estate Development (Modular)
- Parsippany, NJ
- Posts 8
- Votes 1
@Rob Carr Hi Rob, I'm interested in getting into the modular development space. Was wondering how things worked out with you? Would you recommend it? Are you still involved? It sounds like it is too good to be true still to me...
Post: Breaking into modular home development in NJ market
- Parsippany, NJ
- Posts 8
- Votes 1
I wanted to pose this question to the BP community and was hoping someone can provide me with some guidance. I've been heavily involved in rehab / flipping for the past few years and would like to try something new. I was thinking about modular SFH development. The idea is to buy an empty lot in a decent neighborhood and then purchase modular home to put on the site. Outside of the house, I would work on the finishes, materials, foundation, plumbing and electrical. My understanding is that a modular home is significantly cheaper than a stick built home. It also strikes me as an easier development project - a lot of the leg work has already been done by the manufacturer (design, layout, plan). Does anyone has any experience in this space that can give me some advice on some of the challenges? I appreciate any help in advance.
Post: Investing in Property Tax Liens
- Parsippany, NJ
- Posts 8
- Votes 1
Ibrahim, thanks for the reference. I'll check out his book. It's great that he's based in NJ so it's relevant information.
Originally posted by @Ibrahim Hughes:
Moe you should Google and pick up Michael Pellegrino's book on investing in tax liens in New Jersey. He's one of the top tax lien attorneys here in New Jersey and the book has a lot of great information.
Post: Investing in Property Tax Liens
- Parsippany, NJ
- Posts 8
- Votes 1
Thank you for the valuable insight. I'll look into Ankit's podcast!
Originally posted by @Ned Carey:
@Account Closed yes tax liens can be profitable. I basically do tax liens investing full time. You are right is can be risky. Just like any type of real estate it is very risky but your risk decreases as your knowledge increases.
Keep in mind that they are sold at auctions and can be very competitive. You need to know the local laws and how they affect your returns, You need to know exactly what you are bidding on.
One of the early podcasts was about tax liens specifically in NJ by Ankit Duggal 356 I believe.
Post: Investing in Property Tax Liens
- Parsippany, NJ
- Posts 8
- Votes 1
@Ibn Abney This was really helpful information - thanks for replying!
Post: Investing in Property Tax Liens
- Parsippany, NJ
- Posts 8
- Votes 1
Is there any one that has experience and / or specializes in purchasing tax liens? I purchase properties from sherrif sales that I fix and flip. However, I've noticed once or twice a year, there's a tax lien sale and I've been tempted to bid on some tax liens. It sounds like there is a lot more risk involved. Would love the community's insight on tax lien sales - are they profitable? what due diligence should be done? how much interest rates can be charged? how long does it take for the lien to be paid off? Looking forward to hearing back. Thanks!
Post: Foreclosure real estate agent in Jersey City
- Parsippany, NJ
- Posts 8
- Votes 1
Julie - not sure if you're still looking for a real estate agent but I helped clients buy foreclosures and short sales all over Hudson County (JC, Bayonne and Union City). Please send me a DM if you're interested and we can discuss what you're looking for.
Post: Real Estate DEVELOPMENT 101
- Parsippany, NJ
- Posts 8
- Votes 1
3 years later and they're just as valuable! Thanks for sharing.