All Forum Posts by: Stephen Chatto

I am an investor and Wholesaler in Trenton NJ.   We also host a bi monthly wholesalers meeting in conjunction with the local reia.  So that may be a great place to meet more Wholesalers.

I recommend Investor Carrot unless you are a total DIY Guy.   It's a robust platform with lots of built in education to take it as far as you want.   There is a monthly fee, and you don't "own" the site.   

I originally build my site on my own and had great success...  until it got hacked and I lost everything.  That played a big part in my switching to investor carrot, because they have the security built in and managed by them.

1)  Find the owner of the company and contact them.  You can look up the members online with a little searching.

2)  Do a public records search for owner name and address   Most counties can be found online.  If you want phone numbers get some skip tracing software.

3) You need to make a real offer based on comps. "ARV" is 90k... asking is 86k? Sounds like you really need to get the price in check, and that would depend on seller motivation, and your skills in showing the seller the true cash value of their property. Is nothing has sold for 22k... you have a lot of explaining to do. Remember... How can you help the seller. 22k May not work for them.

Great Point... I find it amazing when people argue that they only need this $10 Earnest Money Deposit. Use an EMD that Makes Sense.

Not an attorney.   We usually use our Business Name on the Purchase and sale contracts.   We sometimes use a LAND TRUST as the buyer, which allows for a LOT of flexibility.  If using the state contract we cross out the part about it being not assignable, and put in the other comments that it is.   I like the Land Trust when dealing with short sales and Bank Owned.  Just my non-legal opinion.  

:)

Good Luck. 

Chatto

At this meetup we will be discussing many hacks available to Real Estate Investors.

What are hacks? They are Tools, Tips and Tricks that when implemented in your business will save you time, make you more money or reduce headaches. Systems are key, and embracing the technology available in today's Information Age will help you go from self employed entrepreneur to the business owner you truly want to be. It doesn't matter the size of your business. You need to work effectively and efficiently to grow your business. Setting up these hacks while you are small helps you grow faster. Implementing these once you are in business will help you gain the traction you need truly step away and run your business.

This is a must attend meetup, and a piece of your business that needs to be addressed going into 2017

This meeting will be held at our office at 354 S Broad St, Trenton NJ.

Here is a link to the Meetup: https://www.meetup.com/MercerCountyInvestors/

I have done a few subject-to deals in NJ.    It works if structured properly.  

A little late for this weekend.   But that's do-able in Trenton NJ

what capacity are you looking for a realtor?

Looking to take your real estate business to the next level next year? Come to this seminar to learn what you need to be doing now to ensure a successful and profitable 2017!

Matt Faircloth is the President and Co-founder of The DeRosa Group which is a developer and owner of commercial and residential property with a mission to “transform lives through real estate."

Matt got started investing in Real Estate 12 years ago, with a $30,000 loan as seed capital. Since then he has grown from nothing to a 6 person company controlling over 150 units of residential and commercial properties throughout New Jersey and Pennsylvania. DeRosa has completed over 14 Million in real estate transactions involving Private Capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, and tax lien investments.

Matt Faircloth is an active contributor to the Bigger Pockets Blog and was featured on the BP Podcast, along with many other Podcasts and Radio Shows. He also runs the South Jersey Real Estate Investors (SJRIEA) chapter in Princeton NJ.

Here is a LINK to RSVP : http://meetup.com/MercerCountyInvestors/