Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

55
Posts
9
Votes
Giovanni Soto
  • Wholesaler
  • Elmont, NY
9
Votes |
55
Posts

Newark NJ - permits / inspections /licenses

Giovanni Soto
  • Wholesaler
  • Elmont, NY
Posted

Hi.

I put an offer on my FIRST 2 fam house in Newark. Needs $50k in work, but I haven't accounted for licenses/permits.

My estimate is accurate for nice bronx job,

PROBLEM- An investor /lender from NYC would not lend to me in Nwk bc he says that he was there previously and he found that he needed a permit and inspection for anything/everything, Also that contractors are more strict and costlier bc of this.

What do you think? Can my estimate be WAY OFF? Yes, I will eventually get a Lic contractor estimate BUT I want to keep my expenses to a minimum?

How have you handled this OR How would you suggest I handle this. Job includes new kit/baths (plumbing necessary)/ sheetrocking/paint/ some floors etc.'

THANK YOU