All Forum Posts by: Randi Plevy

Hi @William Thresh.  The contract should oblige the Seller to deliver the property vacant and broom clean.  You can sign a contract now, line up your financing, and close once the property is vacant.  Advise your lender of the advanced nature of the closing date.  That way you can get a commitment that will not expire prior to closing.  Best of luck.  

@Account Closed: Hey there.  When everyone is running scared, it's a great time to invest, IF you have access to money and time to recoup.  I'd be happy to meet for coffee when you're in the city.  I'm on the upper east, but will travel for great coffee.  

I have a large house in Trenton that's zoned residential/office (multiuse).  It's currently rented by a nonprofit that uses it as a sober living house.  They pay the water/sewer and maintain the property.  It cash flows nicely.  My husband and I purchased it to use as offices when we lived in Jersey, but now that we're out of state, it no longer fits in our investment strategy.  If anyone is interested, PM me and I'll send you the details.  

@Rana Zaheer: I don't think you could go back to them after two minutes unless your contract explicitly states that the Seller agreed to resolve the violations prior to or at the time of closing.  

@Rana Zaheer: It's typical for an investor to sell to another investor agreeing to settle the monetary portion of the violations only, or provide a credit for same, without curing the underlying issue that caused the violation.  However, if you are selling to an end user, that will rarely be acceptable, especially if the buyer has a lender.  

Hi @Kenny M. Lewis.  The lawyer is asking for the sale price because that is a common way that attorneys fix their fee, subject to other factors of course.  

Hi @Paulo A..  You are first on the wait list.  I will reach out again next month if someone cancels.  Thank you so much for your interest.  

This worked out so well in April, I'm doing it again.  Small table, four investors, lively conversation about where you are in your RE business and where you hope to go.  Caffeine is guaranteed.  Business is a possibility.  

I will reach out to everyone who expressed interest in the April meeting, but was not able to attend.  First confirmed RSVPs will be scheduled.  I will also have a wait list.  

Thanks to everyone who responded.  I have a full table for the April 17 meet up.  My apologies for a bit of a snafu I created.  Not having done this before, I was using the written responses as my RSVPs, and not even noticing the list of people who selected "Attend."  Again, I'm so sorry for the confusion.  My intention is to do this again next month, and I will most certainly be contacting everyone who asked to attend to see if they are available and still interested.  Hope to meet everyone eventually and soon.  Cheers, Randi  

Hi @Adianice C.  I really appreciate your interest.  The meeting for April 17 is full, but I will keep your name on my list and most definitely invite you to the next one.  Cheers until then.