All Forum Posts by: John Moore

Welcome to the BP network.  Review the pod cast library and listen to the one's that you feel would be the most help to  you.  Review the materials that are available lots of good internal control and cost control material available so you don't have to reinvent the wheel; review some of the old blogs and you are well along you're learning experience.  Join a local real estate group to become familiar with some of the do's and don'ts in your area.  Again, welcome to BP.

Welcome to the BP family.  Make sure you use the key word tool to be notified about the Summit, NJ get togethers.  Utilize the dashboard to gather some very good information.  Enjoy the 4th and welcome aboard.

Welcome to the BP family.  Make sure you use the key word tool to be notified about the Summit, NJ get togethers.  Utilize the dashboard to gather some very good information.  Enjoy the 4th and welcome aboard.

Welcome to the BP family.  Use the key word tool to get informed about the next NYC meeting.  Good place to meet like minded people.  Explore the dashboard for excellent information.  Again, welcome aboard.

Welcome to the BP family.  There is a lot of good information you can acquire if you explore the tool bar area.  Some very excellent articles in the archieves.  We attract a lot of clients from the NJ area as many realize just how close the commute actually is.  Again, welcome aboard.

Congtats. Keep doing what you're doing. You never loose money taking a profit. It 's good that you have the rehabber in mind, as then you will establish an ongoing relationship. Keep up the good work.

Make sure that the house has 2 bathrooms, good size closets and a kitchen that can be upgraded at minimal cost. You did not mention if you were a buy and hold or a flipper. Make sure the buyers agent knows the purpose of your purchase, you can't buy retail. Food for thought.

Good job. I'm sure you will inspire others to get off the side lines. Hope it is the first of many.

In my area there is discussion regarding mandatory pumping, every so many years. Many items that are put into the septic system are supposed to be biodegradeable but the time line of the product conflicts with how often you need to pump out the system. It is better to have a scheduled pump out than be caught with your pants down. We always test the water when a well is involved, most water testing labs have a selection of tests from very basic to sophisticated, almost like a Chinese menu. The lab may suggest which one is best for your area. More food for thought.

The 90 day rule eliminates in most cases the need for two appraisals. Some of the underwriters want a house inspection as well as a pest control certification. If you can go conventional mortgage on the sale of the property you are better off as you avoid the high FHA PMI premiums that last for the term of the mortgage, with most conventional mortgages the PMI ends when you have 21% equity. Cash is always king and you avoid most of the above.

Food for thought.