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All Forum Posts by: Gary Barella

Gary Barella has started 6 posts and replied 57 times.

Post: I need help in what I should do, what are my options?

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Don’t hustle off the house. Hustle down those cards. You would be like a dog chasing its own tail to use cards to get house then say, oh damn I have to lose the house to get my cards back.

Post: How much earnest money to put down on a p&s agreement?

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Your two questions are minuscule to your bigger problem. Just starting out in DC is like just getting your pilot license and trying to fly a 747. Drive out 40 min in Virginia and start there.

Post: Realtor.com vs ZIllow for leads ?

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Friends and Family. Everyone knows someone who is a realtor, in my experience, that’s who people go with. If I were you I’d be telling everyone and their mother that I’m an agent. EVERYONE! Garbage men, grocery clerks, anyone you come in contact with. Word of mouth is the best marketing and it’s free. Then get really good and people will be fighting over your business.

Post: 70% rule and my math...please help (lol)

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Start with 70% because the other 30% is your profit carry/closing cost. So 70% of ARV is 111, 300. Then subtract rehab cost which brings u to purchase price of 51,300. Bang Bang

Post: Selling half a house to a significant other

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Is your girlfriend a mobster? In Jersey, the only time we see nonsense like that is when someone’s getting squeezed.

Post: Northeastern NJ Real Estate Investors Networking Meetup

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152

I’ll be there

Post: How to come up with rehab cost per square foot in central Jersey

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152

Hello everyone. I'm going to be a new investor with all my ducks in a row at the moment. I'm having trouble putting a conservative dollar amount on the cost per square foot to use in my calculations before making offers. I'm looking to do full renovations on my flips (stripping to the studs). Any experienced advice? 

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