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All Forum Posts by: Paul Papamarkos

Paul Papamarkos has started 23 posts and replied 94 times.

Post: Pulling out of offer if my rehab numbers were off

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

@Eric M. Excellent info thank you.

Post: Pulling out of offer if my rehab numbers were off

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

@Eric M. Thank you.

Post: Pulling out of offer if my rehab numbers were off

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

@Will Barnard thank you for your insight

Post: Pulling out of offer if my rehab numbers were off

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

Ok I just wanted to minimize my time in going to look at properties.  I figured with this stragety I can estimate rehab costs based on pictures, make an offer but be able to pull out if things looked like they would cost more

Post: Pulling out of offer if my rehab numbers were off

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

Hello BP,

This may be a rookie question however I am estimating after repair values based on pictures of several listings.

I was wondering if I place an offer prior to physically viewing the property will I be able to pull out of the deal if After physically viewing the property, I realize that the rehab cost is higher than I had originally estimated.

I would like to be able to make offers prior to viewing properties but not be stuck if my estimates are off. Any way of writing in this type of contingency that allows me to pull out?

Thank you

Paul Papamarkos

Post: Contingencies to pull out of offer

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

Hello BP,

This may be a rookie question however I am estimating after repair values on several listings and I was wondering if after I make an offer prior to viewing the property will I be able to pull out of the deal if After viewing the property I realize that the rehab cost is higher than I had originally estimated.

I would like to be able to make offers prior to viewing property but not be stuck if my estimates are off. Any way of writing in this type of contingency that allows me to pull out?

Thank you

Post: 203k loans for second multi-family purchase

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12
Not sure if you can but I would look into using a credit line on your current multifamily to put a 20% down payment

Post: Tenant domestic dispute

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

@Andrea Tapp the courts hand out protective orders like candy to cover their ***.

I don’t see why you would even get involved. Let it work itself out

Post: Buying from myself with a credit card

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

@Frankie Betancourt it’s considered Fraud

Post: New Jersey Investing

Paul PapamarkosPosted
  • Succasunna, NJ
  • Posts 104
  • Votes 12

I found a Morristown meet up that I am attending in Monday 9/9/19 @ 6pm . It’s at 114 speedwell ave Morristown. Multi family investing.