All Forum Posts by: Nick Gentile

So this guy turned his 2 story duplex into a single family. Very nice inside, no repairs. He owes 275k its looking like it's worth 310k. Mortgage payment is 1850. It's Ina flood zone so that's kinda why he's wants to sell. Max rent I could get is probably 2100. He's deff open to selling but he wants 60k for another home down payment cause he has no where else to go. What could I do with this? I can takeover payments but no way I could give him 60 maybe 10 at the most.

Matthew Kreitzer Thank you Matt, I'm going to an REI meeting tomorrow and Ill be sure to ask around and get some solid names/ companies for the services I'm looking for.

Thomas Wassmann so far I have a targeted list of absentee owners in my local area and I plan to send yellow letters and follow ups. And yes I have seen the download section but I wasn't sure if those contracts were too vague or outdated. Will they work with most title companies in NJ?

I'm about to start my marketing for motivated sellers but I feel that I should have a good contract hammered down in case I get a potential lead. Any suggestions on how to obtain one or who to go to? Im from Morris county NJ.

So I was out driving for dollars the other day and came across a vacant house (notices on door). I walked up to the property to take a peak and the neighbors were out on their porch and they asked if I needed help with anything. So I walked over told them I was an investor blah blah and asked if they knew any info about the owner they said yes. So I asked for any contact info because I was interested in buying and the guy just says ohh I'm going to buy it first. So I was like ok, when is she planning to sell? And he says oh not for anther 5-7 years. I said wow that's a while do you know why? And he said that she said it's a long process(most likely pertaining to payments or the bank?) anyways I went back to find the address of the owner and couldn't find it using tax records. so I did some more snooping and found her new address in Washington.. My question is do you think I will have an advantage over the neighbor by offering cash via wholesale deal? Cause it seems like she's tied up with the property. The house may be a total mess inside who knows if it is even worth it but it was an interesting scenario.

Living in Mount Arlington, (Morris County) NJ. If anyone has some insight in this general area let me know! Looking to make my first investment in the near future. Possibly a flip.