All Forum Posts by: Anthony Largie

To answer the original question... "is it possible" . I can say definitively YES! I just closed one in New Jersey a couple weeks ago. It was not a smooth transaction by any means but I double closed it.

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Are you guys still in need of this contract?

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Originally posted by @James Ritter:

Hello all,

I have already read about 5 "What would you do with 100K" posts. I own a merchant processing company and have a portfolio that I am looking to unload and would like to get my feet wet starting with 100K. I am learning as much as I can. I live in New York and therefor it is difficult to do ANYTHING with 100K so I am a bit nervous when it comes to pulling the trigger. I like some properties I have looked at online in Atlanta but am completely unsure of what to do.

Looking for some advice!

Hi James,

I live in the NYC market so I understand that your options are a bit limited with only 100k. I would not advise that you look as far as Atlanta to get started unless you are planning to move there. What I am currently doing is looking right across the bridge to New Jersey plenty of deals to be had there well within your 100k budget and you can always leverage private money and regarding mentors avoid anyone who wants to charge you upfront I belive 10-20K is the going rate. Experience is the best teacher but you don't have to go it a alone link up with some other investors who are focusing on the same market as you.

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Originally posted by @Neil J.:

Good morning everyone,

(My first ever post on BiggerPockets)

I've just gotten a property under contract in Irvington NJ, and I'm searching for a title company that will not look at me as a scam artist whenever I ask them for my needs.

Any help or suggestions would be greatly appreciative!

Thank's,

Neil

Hey Neil who did you end up using?

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Are you just $100K and up?

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I'm right here see deal

https://www.biggerpockets.com/forums/517/topics/244424-75k-off-retail--40k-flip-opportunity---nj

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75K Off ARV, on duplex, 2br/1bth x2 1700 SQF home each unit with separate utilities.

ARV $114K

Est. Repair cost $35K,

Asking $42,9K.

Sold Comps: Price/SQF: $76 Call/Text for (609) 454-6281

Fast close - cash buyer

Estimated Flip Profit $40,000-50,000 also great as a rental.

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I have successfully raised funds through midwestcorporate credit. I raised around $20K in my LLC so it does not show on my personal credit reports. Be happy to answer any questions about the process.

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You can also purchase in the name of a Land Trust then you can either assign the beneficial interest in the land trust OR you can double close the transaction. Land Trusts are free to set up and are private. You can change beneficial interests very easily which makes them the perfect vehicle for wholesaling. Some banks are starting to realize that many wholesalers are using land trusts so this mitigates some of the benefits. Certain banks (like Bank America) will often refuse to accept an offer if the buyers name is a land trust.

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All Forum Posts by: Anthony Largie

Anthony Largie has started 1 posts and replied 10 times.

Post: Investor From New York

Post: Can you wholesale bank owned/REO properties?

Post: Co-Wholesaling agreement form

Post: 100K In My Hand. Looking for Advice, Partnering Idea?

Post: Investor Friendly title companies in New Jersey?

Post: Flip Funding up to 80% ARV and rates starting at 7%

Post: Where are the wholesalers?

Post: $75K Off Retail, $40K flip opportunity - NJ

Post: Real or Scam? Question on Business Line of Credit

Post: Can you wholesale bank owned/REO properties?