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All Forum Posts by: Joe Edwards

Joe Edwards has started 0 posts and replied 94 times.

Post: HELOCs on Investment Properties

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Kerry Baird

Right on great share Kerry!!! πŸ‘ŠπŸ½

Post: Vacant Property without HVAC - How to keep pipes from freezing

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Ray Jhala

Since the house is vacant shut the water off at the meter. Full drain both hot and cold lines down to the lowest fixture. Make sure you fully flush all the toilets empty. I also need you to fully drain the hot water heat so that doesnt freeze and expand and destroy your water heater.

Lastly I want you to purchase a heat trace line from Home Depot or whatever is near you and wrap it around the **** off meter in the house and plug it in and you will be hood to go until you get the HVAC system up and running.

Whatever you do DO DONT run the HVAC system until you have all the dust task taking care of and you house is cleaned well. Number 1 killer of HVAC systems is sheetrock, wood floors and trim dust!

I just put my GC hat on for you. Good luck.

But the way if you want to know how you should hear your projects without using HVAC shoot me a PM

Post: Officially took the plunge Zero to 10

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Frank Patterson

Congratulations!!!!πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½ Job well done. I still believe there are good deals to be had on the MLS if your looking correctly and being creative. BRAVO!!!!

Post: Why I am happy to be loosing money in a month

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Chris John

Your in a very expensive market with great appreciation like here in the north east. Do not sell. Rents and appreciation will always out pace the ROI of selling when you think it's high.

The west coast and north east are most certainly 2 markets that pay you tremendously well while we sleep. Keep accumulating them until you are fully free.

Post: Why I am happy to be loosing money in a month

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Chris Svendsen Love the positive attitude when you are hitting a few bumps in the road. This moment is showing you you are built for this game Chris. Way to hang in there. Only the strong will survive!

Post: What 1-3 pieces of advice do you wish you'd known 20 years ago?

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Sherry McQuage

I wish I didnt spend most of my years of experience flipping. Because I could have been this aggressive at holding I would have a nation of properties on my hands.

Post: Wait time for hiring contractors?

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Chris Mooney

Hey Chris I'm a GC located in Northern NJ and I work the lower Hudson Valley area i.e Tuxedo, Sloatsburg and I have been getting large uptick of clients wanting projects done further up north in the valley and they can find available companies to execute the work.

For us personally I have to decline these opportunities because our work pool is pretty robust so there is no need to take on the traveling as well as the limited logistics further up that way.

I believe the shortage may be do to COVID hitting and many people from NYC purchasing all throughout the Tristate.

Best of luck with you and your client on closing this deal finding a contractor

Post: What was your "why" for getting into Real Estate Investing?

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Chris Reyes

Honestly, its completely in my DNA. As a kid I would build things out of anything and knew from a very you age I wanted to be a engineer or architect.

Fast forward I got my education in architecture only to realize that i was not cut out to be a person in a office all day so I took a leap of faith in jump into high residential construction working for a company and I have never looked back since.

I'm now 20 years of being self employed owning a full service construction design build firm and love it to death. Real estate was a natural fit giving I purchase my first property at 20 years old and got a taste of that transaction and knew right away real estate and being a business owner was my true path to real freedom answering to know one but myself.

I love the chaos of the rehab or new build process and I feed off it! Once I add BRRRR to the process it was game on. It's now my personal video just will real people, money and property. I live for being creative and structuring deals.

Real estate not a short term get rich quick so I dont have to work anymore thing for me. I know without a doubt I will be doing deal, embarrassing the chaos of construction until the day I die or lose all my mental functions.

Post: Should I shop more? Do refi 1.5 points make sense?

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Lamont Chen

Since you are local as well do you mind DM your mortgage contact as well.

Post: Should I shop more? Do refi 1.5 points make sense?

Joe EdwardsPosted
  • Investor
  • Northern New Jersey
  • Posts 94
  • Votes 96

@Jennifer Rado

Seems like a good deal MF here in NJ. If your holding it the points are a big deal giving the 2.875% rate. Do you mind sharing the lender info. Send me a DM if you dont. Thanks