All Forum Posts by: Jason Yarusi

Sounds great David Weintraub let me know.

David Weintraub I do it in Manasquan. I'm relevantly new to doing it so the data is not completely there but two months in and things are rolling very well. You can set preferences in Airbnb and then screen tenants from there.

I do air bnb in New Jersey, which has done very well in a beach town. However I used Airbnb when I came to Louisville and thought it is a nice niche market for it.

I invest out of state for buy and holds because I am able to find properties that meet the targets I am looking for. In my home state NJ I flip S that works for me. Biggest thing I can say about investing out of state is spend time building a team there. We vetted our property managers and that made all the difference in how our properties are performing.

Hi Brandon I am in Westfield . We are holding a multifamily Meetup in Westfield Tuesday NJMIC. Feel free to join.

Is the question since you removed the tenants stuff should they pay for that? I would assume You are ripping out Sheetrock and other removal and you would ultimately carry the burden as the property owner.

Amazing Ian Tudor congratulations !

Welcome Troy Cole !

Welcome to BP. I invest in Louisville and live in NJ. I have a specific search there and have family there. Good luck.

@Parker L. In my area home values fluctuate from 100k to million dollar homes. Generally $100k-150k discount due to the extensive work/ cost and timeline it takes to lift the house from start to finish.

In all you need to have architectural plans, permits, utility shutoffs all prior to the work, lift the house, new foundation, extend or completely redo utilities as they may have been submerged during flood. Carpentry works including new egresses and any interior renovations necessary either due to flooding or due to new elevation. For example an attached garage now 8' in the air may get framed in to become an additional room and a new garage created beneath.

My discount numbers vary based on if the home is gutted or completed renovated and needs to just be lifted to be compliant. Also if its on a slab then regardless all of the first floor interiors need to be removed 4' down. Unless you are maybe in New Orleans where there are monolithic slabs and the slab is lifted with the house.

For your 1000 sq ft house here in New Jersey, considering that it will be a wood frame structure (to lift a block or stone structure can be 3-4x the cost) the price would range from about $9000-13000 for just the lift of the home and the set down on the new foundation.

The cost of the foundation will range tremendously based on what flood zone you are in, what type of foundation is called for on the plans and if you can reuse the old foundation to build up on or have to replace the entire foundation.

Hope this helps.