All Forum Posts by: Oraude Boston

@Gino Barbaro Thanks 

I guess these numbers are based on the area your investing in and what makes a deal a good deal as well as the investor who may be looking at the deal. So its in my best interest to learn my area the best I can to deliver what an investor would expect. 

Ned Carey thanks for your response. Usually when I analyze deals 15% is what I set as return for my partner investor. I had a deal I was planning on wholesaling this week but seller refuse my offer because it was too low. I'm just being mindful of always trusting my numbers before making an offer. Maybe someone else would have payed more for that deal.

Steve Smith thanks I will do so.

Hey Bp,

Im a Beginner Wholesaler mainly Marketing in Essex County NJ.

My question would be to Investors in general but mainly those investing in New Jersey. What kind of Cash on Cash returns do you expect on deals that makes sense to you while analyzing and what are your main Decision factors. 

Thanks,

Oraude

Eric Harris thanks for the advice. I understand what your saying. Technically the attorney of the seller will be doing the negotiating. My question was to see how would I do it if I came into that issue when taking ownership and knowing how to negotiate with the city. I'm a wholesaler so getting that number lowered will be great because it helps everyone involved.

Hey Bp Fam, I have a Abandoned property of interest which needs A full Rehab located in Orange New Jersey. Seller just wants to get rid of the property. This property has tax liens of about 14k as well as a Blight Notice. My Question is how do I go about negotiating this lien down with the county. Are they any pointers or advice I need to know when negotiating tax liens. Are they any specific way or negotiating tactic when dealing with this issue. P.s This would be my first Deal so just looking for any input on this matter

Stuart Birdsong thanks for the input. I would love to take on that part of it myself to build experience but have the slightest clue of how to even go about that. For sure if I need to make this deal happen I would be making those calls myself. Tomorrow I will get all information about lien balances and take it from there.

Ned Carey thanks for the reply. I was thinking the buyer which would be the investor I wholesale the deal to will be the one that takes care of all liens and violations? The seller wants to sell as is and not have to pay any other fees, which is how I negotiate with sellers.

Earl Green thanks for the reply I'm sure these lien amounts can be negotiated lower, problem is I just don't have any experience with it as an wholesaler.

Garrett F. Thanks for your reply Im a wholesaler so I'm guessing all the negotiations about the liens will be done by the investor I wholesale the property too. I don't have any experience in talking to those responsible for placing the liens. My Initial job here is to get this property to be the best wholesale offer an investor can find minus the Lien amount. The appraisal came in at 28k done in 2014 and the Arv is 94k so I'm currently just waiting on amount of the liens. Also this property need a full renovation/Rehab so calculating repair cost will also be crucial.