All Forum Posts by: Chris Daliani

Hello, 

Does anyone have any recommendations for a contractor in the Union County area of New Jersey that is investor friendly?

I need an estimate on a buy/hold to make some repairs.

Thanks

@Vita Dementchoukova Is this a multi family? If you have any multi families in this area please feel free to message me! Thanks

@James Middleton Hey James..welcome! I am doing the same thing and also looking in Hudson County. Call me anytime to discuss!

@Oren GordinHello, what is the ARV?

How much rehab is not much? What could this rent for?

Thanks

Hello,

I am currently working with a buyer who is looking for anything 4 family and up in Jersey City. He is considering ANYTHING greater than 4 family. If anyone has anything or knows of a deal I would love to hear about it! Preferably buy and hold but will also consider a flip!

ARV and cost of repair is very important...

Please feel free to contact me anytime!

Hi @Emily C.

I just read your post. It sounds like you have had a great run thus far. There are many people I have been talking to and thinking the same thing. They are quite sick of dealing with tenants. Makes me wonder what I am planning on getting myself into.

Some options that you have are:

1) Sell the properties

2) Refine your leases and create a system for tenants to "bother" others

3) Hire a management company

Either way I would love to hear more about your experiences and properties! 

If you are looking for something in between perhaps wholesaling or lending may be an option for you. You are still involved but not doing the work...just a thought.

Welcome!

@Steve Buchanan Steve what town is the property located in and what type of property is this? That also comes into play I believe. 

@Diego Salcedo Jr. Thats great! What exactly did you do?

@Michael D. Thank you for your reply.

@Kevin 

@Kevin Zimmer Thank you as well.

I figured I would have to deal directly with the owner. I also found out the owner was given the home from his parents years ago and he borrowed against his house. At the time he took ownership the house was paid off. He has defaulted on these loans...now it is a matter of finding out how many loans and liens he actually has on this property. 

Is it possible that banks lease back to home owners. He mentioned the bank was allowing him to lease the house back to himself.

@Robert Rein Thanks for the reply. Wow that is interesting. I believe if someone is behind on their payments anyone can come in and purchase the property still. They would just have to make sure the purchase price satisfies the delinquency I would assume. I just need to know how to go about someone that is behind on their payments and needs out.