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All Forum Posts by: Jonathan Makovsky

Jonathan Makovsky has started 87 posts and replied 787 times.

Post: Tax lien property in Bankruptcy

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

@Greg Johnson, I am interested in seeing if I can work out a deal with you and see if we can find a win-win. Can you PM me details? Thanks.

Post: Newbie in Baton Rouge, Louisiana

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

Welcome @Peyton H.! Great to have you, and just about everything you need to know you can find on BP, and/or ask in the forums. Looking forward to hearing your success stories.

Post: New from Philadelphia suburbs

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

Welcome @Jared Lowman! Sorry I cannot help answer your questions re: specific area, although we're glad to see you on the site.

Post: First potential Flip

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

@Shawn Pappas, do not think "what if the offer is too low, will the seller walk?". You need to think "What price can I offer that I will make the returns I need?". If your offer price does not work for the seller - then walk away (or continue to follow-up with the seller for her/him to sell at YOUR price) What do you think will happen if you offer more than you can pay according to your projections?

You can use @Norman Wrensch's 65% ARV rule, which is a very solid rule of thumb, but may not work in every market. Alternatively, you can use the following formula:

Take Your: ARV

Less: Rehab Costs

Less: Holding/Fixed Costs (ex. Financing costs, broker fees, conveyance taxes, RE taxes, utilities, attorney costs, etc.)

Less: Profit you wish to make on deal

Totals: Your Offer Price

I would encourage if you're new to this to include a safety net (50% of rehab and timeline) into the deal - but YMMV.

And if you ever think your offer is too low, it still might be the best offer the seller has - so don't be scared to offer it - you can also always increase your offer.

Keep us posted on what happens.

Thanks so much @Darren Sager! You always do an amazing job.

Can't wait to see @sasquatch (<-- Why isn't the hashtag working @Brandon Turner?)

@Matt Rodak thanks for hosting!

Post: New User From Fairfield County CT!

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

Welcome @Zach Upton! Great to have you on the site.

There are tons of great people in Fairfield County and all of CT on this site, as you will soon find out. looking forward to seeing you around.

Post: Connecticut RE Meet-Up: Wed. May 27th @ 7pm (Fairfield, CT)

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

Hi All,

Our Connecticut meet-up is now hitting our one year anniversary and it has been rocking! The past few meet-ups we had an incredibly diverse group of investors, and deals have been made and excellent relationships built.

It is completely free. We do NOT have pitches or charge money to attend (although I ask and strongly encourage you to purchase at least one drink from the bar - non-alcoholic is fine). 

At 7:45pm we go around the room so everyone can introduce themselves to the group and tell briefly what you do - this has been an incredible tool to find who you would like to network with.

Please post if you plan on attending, and feel free to invite someone you think would benefit from being there.

Anna Liffey's is located at 1494 Post Road, Fairfield, CT 06824 (it's upstairs and the back of the bar is reserved for us.)

(There is street parking and a free lot across the street from Victoria's Secret after 7pm.)

Post: Selling Real Estate in the Greater New Haven, CT area

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

@Michael White welcome! BP is a great place to find people in CT, and also quite a number of local networking groups in CT.

Looking forward to seeing you around the site and maybe in CT.

Post: Just closed on my first HUBZU!

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

@Cheryl C., appreciate it. Thanks and congrats again!

Post: Just closed on my first HUBZU!

Jonathan MakovskyPosted
  • Investor
  • Fairfield-New Haven-Hartford County, CT
  • Posts 825
  • Votes 413

Congrats @Cheryl C.! Two week turn-around is very fast - must be a great deal!

Any Hubzu tips/tricks you can recommend?