All Forum Posts by: Ben Rutkevitz

If anyone is interested please let me know. We have to make a decision on the direction we are taking this property within the next week. We will either rehab and sell it, rehab and rent it or sell it as-is to an investor.

@Marc Weisi what kind of returns are you looking for?

I will find out next week when I go to see it. Estimated rehab costs from my business partner's perspective were 75k.

@Mateusz Prawdzik, i prefer passive buy and hold investing but will do an active flip if the numbers make sense. What kind of opportunities are you seeing?

My business partner just lowered his ask to $500,000

@Marc Weisi I've got a property that maybe a good fit for a cash flow investor. Prime area in the heights, 41 South street, one block from the 9th street light rail station. 2 family, 500k, needs about 75k of work. Can rent it for about $4,300 per month. 

Steps from the Congress Street Light Rail Station in the Heights section of Jersey City. Property needs moderate rehab, can be rented, flipped or a great house hack situation. My business partner went under contract for this property last year with the original intent to live in it. Since then he has been relocated to Philly and does not have the bandwidth to manage the renovations. Feel free to contact me for more info

Thank you @Gerold Koch, I will send you a PM

Dear Community,

Due to this community I did my first flip last year and the experience was very positive. I would like to Buy, Rehab, Refinance and Rent my next few properties and build my portfolio. I live in Jersey City and have had a very difficult time finding deals with a decent cash flow. I am interested if anyone here can give me some general advice about towns in Northern NJ (west of Newark) that have a good rent to value ratio for multifamily properties. 

I have cash and am motivated. I would even be willing to partner with someone local whose driven and has integrity. 

Any help would be appreciated