All Forum Posts by: Chris Martino

Off Market Francisville Triplex

1720 Wylie St, Phila PA 19130

Price: $400,000

50% complete renovation for a legal triplex in the Francisville section Philadelphia - RSA-5 zoning but city certification for 3 units. This corner property is a great asset for any portfolio, you simply need to finish the job. 816 N 16th St sold for 1.2M (4 units, no parking) so there is a plenty of juice here for a condo conversion or keeping it as a rental. This property has lots of potential is a very hot and desirable 19130 zip code.

Buyer pays for ALL transfer tax. Easy Access, call or email to set up an appt. Click Here for Pictures

[email protected]

866-280-3063 ex 7

DISCLAIMER: This information has been obtained from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Construction numbers are estimated and numbers will vary depending on the service provider. Clients must verify the information and bears all risks for any inaccuracies. For any offering we either own the property or have equitable ownership interest and will assign our contractual rights to our investors. Asking price above includes original contract price plus any assignment fee unless otherwise specified. Terms of original contract are assumed in our assignment contracts and are provided upon execution of our assignment agreement. Any buyer or assignee agrees and understands that Point Acquisitions LLC is not acting as a real estate broker or agent in this transaction and is not representing either party, but rather is acting as a principal in selling his interest in the above-referenced agreement to the Assignee. All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company and underwriter.

Jersey City Off Market Deals- 3xx 5th St

This renovation opportunity is a 1,700 SF town home with two car parking.

Sales data suggest it could sell between $1.3M - 1.4M (800-900 PSF) with a high end finish level. The property is being offered at $850,000 or $500 PSF, assuming you can keep your renovation costs around $100 PSF then it is likely can achieve the out sale pricing of $800-900 PSF, especially with two car parking comparable sales data.

This location is in walking distance of the Grove St Path Station and in a highly desirable neighborhood.The property sits on a very large lot, 15 x 95 and is zoned R-1 so it potentially could be approved for a 2-unit condo project as well. The buyer is responsible to verify all zoning use. Contact us ASAP if you are interested, this won't last long!

Click Here For Pictures

Contact us to make an offer or for additional information:

Point Acquisitions LLC

Phone- (866) 280-3036 ext 7

[email protected]

Visit our site to be added to our buyer's list:

Pointacquisitions.com

DISCLAIMER: This information has been obtained from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Construction numbers are estimated and numbers will vary depending on the service provider. Clients must verify the information and bears all risks for any inaccuracies. For any offering we either own the property or have equitable ownership interest and will assign our contractual rights to our investors. Asking price above includes original contract price plus any assignment fee unless otherwise specified. Terms of original contract are assumed in our assignment contracts and are provided upon execution of our assignment agreement. Any buyer or assignee agrees and understands that Point Acquisitions LLC is not acting as a real estate broker or agent in this transaction and is not representing either party, but rather is acting as a principal in selling his interest in the above-referenced agreement to the Assignee. All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company and underwriter.

@Account Closed, owns a construction company in South Jersey. Not sure if they do work that close to the shore or not but worth a try. 

Hi @Edwin Colon, check out local networking events to meet investors in the areas you are looking to get into. When I first started it really helped to network and speak with people who were actually doing what I wanted to do. You can find local networking events here on BP or on meetup.com.

Hi @Kamira Collier, like many people have already said getting the deal is more important than finding buyers. Especially now with all of these networking sites once you have a deal you can market it in so many ways such as here on BP in the marketplace, craigslist, connected investor, meetup, etc.. 

Try to build up your buyer's list by networking on these sites and it will grow pretty quick, especially if you have some solid deals. 

Hi @Nelly R., congrats on starting the search for your 1st investment property. I personally would be hesitant to use all my cash reserves to purchase the property. If an unexpected repair arises you may be in a tough situation. I like the idea of leverage because it allows you to allocate your cash reserves in multiple properties instead of keeping it all in one property. You could potentially use your same personal cash amount to acquire more than one property using "other people's money" as well. Good luck!!

Hi @Yasin Yazdan Ahmed,

I have been doing some research on Bayonne as well, looks like developers are starting to look into this market as a viable place to start developing. Below is an interesting article about 651 units that are planned. 

https://jerseydigs.com/plans-advancing-costco-651-...

Hi @Steve Reiley, I had no trouble with CE shop regarding any additional hidden fees. There were additional fees for the online proctor to watch you take their tests in order to pass the class, but those are the only extra fees I can think of. 

Hi @Steve Reiley,

I also wanted to get through the course/material as quick as possible so I went the online route. I used the CE shop which was fine, they also have specials frequently so I would wait until one of those pops up. 

Hi @Vinod Badami,

Yes there are, you can search for these in the Network section of the site under Events. Just put in your zip and all the local events will come up. 

Also go onto meetup.com and you will find some as well.