All Forum Posts by: Abhra Mukherjee

Yeah normal home warranty won't work. Will need something with the structure

What do flippers use for insurance/warranty for workmanship and structural work. I am very close to selling my first flip (added a level and some other structural work) and the buyers are asking for warranty. Does anyone have a warranty document template that they can share? 

Thanks Joe. 

Hi guys 

I have a couple of investors lined up. I was wondering if you guys any sample contract templates available, before I spend money on an attorney. 

Thanks

Abhra

Hi Everyone

I have just acquired a REO property with cash in an A+ town and looking for Rehab Loan. This is a gut rehab + master suite addition. I have the architectural plans ready. Contractor is ready to start the work.

The details are below

Address- 64 Jamestown Road, Belle Meade NJ 08502

Purchase Price - $235000

Rehab + New Level addition = $150,000

ARV ( already appraised ) = $595,000

Length of Rehab - 5 months.

Thanks

Abhra

Hi guys . This is my first new construction. I bought a knockdown property in an A+ town in NJ. Looking for advice on a lot things. Have an architect lined up.  Here are the numbers . 

Purchase Price - $235000

Demolition 2000 sq ft split level  - ?  

New Construction -  3000 sq ft. - cost per sq ft ? 

Comps for New Construction - $750000 to $850000 

DOM - 90

Funding -  Traditional Construction Loan , Hard money, 

Scheduling, Contractors, 

Thanks

Abhra

Thanks Andrew, I would definitely look into that. 

I have been going conventional so far for all my properties and now looking at hard money. I am buying a great cash flowing property in South Jersey that I want to BRRRR. Would appreciate any advise on hard money.

1. Who to use ? 
2. What to look out for ? 
3. Rates etc ? 

Thanks 

Abhra

@Jon Crosby ah I see. Thanks for your help. I’ll start the negotiations and see where it leads. 

@Jon Crosby thanks for that. Basically the scenario is my partner is putting 100% of the money in and I am putting in my sweat equity as I have the experience and he has no experience. So essentially he will pay for the purchase of the property only and then I take over from there. I am looking to renovate and sell the property so was wondering what would be a fair profit split.