tag:blogger.com,1999:blog-7800674.post112698569411418081..comments2023-06-22T05:23:55.920-07:00Comments on Shaun's Real Estate Adventures: Closing Has Been DelayedShaunhttp://www.blogger.com/profile/05654897560778650994noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7800674.post-1127394600360326592005-09-22T06:10:00.000-07:002005-09-22T06:10:00.000-07:00tom,Thanks, I will add your blog to my readings. ...tom,<BR/>Thanks, I will add your blog to my readings. I found the gs rei site as well and have found it very informative.<BR/><BR/>Thanks,<BR/>steveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1127311613854957742005-09-21T07:06:00.000-07:002005-09-21T07:06:00.000-07:00Steve,I'm up in Morris Co NJ and I entered the REI...Steve,<BR/>I'm up in Morris Co NJ and I entered the REI fray this year myself. I write about it on my blog <A HREF="http://www.dbreakfast.com" REL="nofollow">"D"igital Breakfast</A>.<BR/><BR/>My suggestion is to join <A HREF="http://www.gsreia.com" REL="nofollow">Garden State REIA</A> for intro advice. I don't know of any construction websites off hand.<BR/><BR/>I run my investment analysis two ways, what I can fix and flip for and what I fix and hold for positive cash flow. My belief is that that fix and flip days may be nearing an end but I could be wrong.<BR/><BR/>TomAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1127234874375253112005-09-20T09:47:00.000-07:002005-09-20T09:47:00.000-07:00Nope, the new job starts Monday, so I'm on cruise ...Nope, the new job starts Monday, so I'm on cruise control this week. I've got my exit interview in 15 minutes. My last day is Thursday, so I have Friday off.<BR/><BR/>Just spoke to the escrow officer and she is still waiting for the buyer's loan docs. However, she said the lender called and told her she should have them anytime.<BR/><BR/>I've decided I never want to close on a Friday, the 15th of the month, or the last day of the month. Too many people try to close on those days and escrow companies are just swamped. I think Wednesdays would be ideal, followed by Thursdays.Shaunhttps://www.blogger.com/profile/05654897560778650994noreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1127234530668555852005-09-20T09:42:00.000-07:002005-09-20T09:42:00.000-07:00Hey, Shaun,Have you started your new job yet? How...Hey, Shaun,<BR/><BR/>Have you started your new job yet? How do you like it?<BR/><BR/>I agree with you--Friday is the worst day to schedule a closing. Invariably, someone forgets something, and no one knows what's going on by the time Monday rolls around.Trisha#1https://www.blogger.com/profile/10326891566507799004noreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1127233093101732862005-09-20T09:18:00.000-07:002005-09-20T09:18:00.000-07:00Unfortunately, I can't give advice to specific ind...Unfortunately, I can't give advice to specific individuals because: 1) I don't know your complete financial situation and 2) this is a general info blog. I suggest thinking about what you like doing. There are big differences between renting, flipping, and building and each requires different skills. Which do you like doing? What can you afford to do? I can tell you most people start off flipping houses to build up enough cash to buy properties that they then rent out. I would suggest looking at my posts regarding How To Get Started in REI and Guide To Buying Preforeclosures - the links are in the Key Posts section on the right.<BR/><BR/>Sorry, I don't know of any NJ construction websites.Shaunhttps://www.blogger.com/profile/05654897560778650994noreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1127230824547244922005-09-20T08:40:00.000-07:002005-09-20T08:40:00.000-07:00I live in Somerset County NJ, one of the wealthies...I live in Somerset County NJ, one of the wealthiest counties in the country; I fall somewhere in the lower end of upper-middle class, if that makes sense. I am looking at entering the fray; and am not sure were to get started. do I buy rentals for the long term, buy fixer uppers that need paint/carpet or other "minor cosmetics.", or buy a smaller home on a larger lot and construct a McMansion in an area where others have done the same. Seems like the latter may be a trend I am seeing, not only in Somerset Cty but in other densly populated areas of the country.<BR/>Thought?<BR/>Advice? <BR/>Warnings?<BR/><BR/>Is there a site that can give me info as far as construction costs for North/Central NJ?<BR/><BR/>Thanks,<BR/>Steve<BR/>Entry level REIAnonymousnoreply@blogger.com