All Forum Posts by: Johnathan Boyle

Seller usually pays commission. I've heard of buyer paying in certain cases but very rarely.

Alan Berlin I agree with Dave Foster about the price being fair.

@Andrew Jenkins Jr.

So in total it is 4 units, 8 bed 4 bath? 

Mary L. If you're looking for quick, sell to a builder. If you're looking for profit, look for a realtor. It all depends on what you're looking for honestly.

Hello Dwayne Hayes-Ward , welcome to the forums. Ask questions, network, and find deals. Of course, learn from the forums, read some books.

@David Faulkner thanks for the response. It is zoned for multifamily and in many areas of Northern Nj, multis sell for more than single family. The comps support it 

Jen Anderson , in regards to the property, NJ is a very large state so saying it is 35 mins away does not give a good idea of where it is and there are some developers that only focus on a specific county or even town. As far as how much it's worth, of course they are offering lower than expected. There are a significant amount of risk involved in the whole process along with holding costs. They need to make money from the deal. Also, as far as Zillow is concerned, the zestimate is usually nowhere near accurate around here so it could be offer as far as 20% or more. Regardless, unless you have a significant amount of money or can be financed for it, I would see if you can sell it or JV with an experienced developer. At least if they are JVing, they would have a vested interested and cut your troubles. Finally, if you plan to rent out, usually in high end areas, it doesn't work as well in NJ due to taxes. You might be lucky to break even after all expenses unless you're only looking for an appreciation play. Anyways, I hope this helped a bit

Dylan Tettemer I would reach out to a lot of people in the area you are looking and try to start a conversation. Then go from there. It's all about networking

Try either Chris Goodson of the Goodson law firm or Casey Egger of Avant Law Firm