All Forum Posts by: Khari Harper

@Account Closed  I want to hear your business plan. Possibly we can make something work. Keep up the hustle! Never let anyone tell you no! A friend of mine made his first 6 figures at 17 years old online if he can do it so can you! 

Hello, I am currently a licensed realtor. I sold about 15 homes in 2017. After only being licensed for a year. I found that my niche is selling distressed properties or properties at a discount. Unfortunately, I do not think the current broker I work for is the right fit for me to do so. I was hoping to possibly hear which brokers strictly work with REO's? Or if there are any agent's that have REO's. I am interested in the Union & Essex County area. Those are the two counties where I truly understand the market. Any point in the right direction would be great. I hope to hear some feed back.

I have worked out all of the financials to a deal I currently have under contract. Can anyone recommend a private lender that is asset based for 100% finance ? If you think it's impossible no need to reply or say " You need skin in the game." I currently have two lenders at 100% financing with an interest rate at 14% and 4 points. After doing the math the deal is still profitable I would walk away with about $35,452. If you can help that would be great. I am even willing to take 14% and 3 points! I will refinance this 3 family in a couple of months. So I already have my exit strategies. If the breakdown/financials are needed + rehab estimates I can provide that as well!    

460 Irvine Turner Blvd

3 Family 3/3/1

Asking 205k

Repairs 60k

ARV 330k

Vacant

Living Area 2,546 Sq ft

Lot Size 2,500 sq ft

Comps:

480 Irvine Turner Blvd

7 bed 2 bath Sold $325,000

173 Ridewood Ave, Newark

8 bed 3 bath Sold $369,601

147 Ridgewood ave,

8 bed 3 bath $350,000

Investor owned home not enough time to finish. Updated plumbing, heating, electric.

Includes $4000 of siding

I was curious, Im looking for input from seasoned investors who own property in Newark. 

Do you recommend on investing in Newark? 

What area's of Newark? 

The home was sold. I would love to add you to my buyers list though! 

I am looking to network with North Jersey Investors. I came across a property but I don't know how to analyze if it is a good deal or not. Any advice would be great from investors. 

3 Family in Upper Clinton Hill , Newark will be hitting the MLS in 5 days. Just wanted to give investors or any wholesailers a chance to lock it up first before hand!

42 Ridgewood Ave , Newark NJ ( 3 family)

Read EVERYTHING BELOW! Comps included

9 bedroom 5 bathroom .Complete gut renovation done in 2008. First floor features a 3 bedroom, 1 bath. Second and third floors are each 3 bedroom 2 baths, with washer/dryer hookups in each unit! Delivered vacant, and only needs a thorough cleaning and light cosmetic repairs.

First Floor : 3 bedroom 1 bath (Vacant)
Second Floor : 3 bedroom 2 bath (Vacant)
Third Floor : 3 bedroom 2 bath (Vacant)

It's hard to beat this price. Recently renovated so no updating is needed. Just light cosmetic repairs. You can have this place up and running within 2 weeks. 70k in equity left for you in this home. I recently purchased a 3 family 4 blocks up the street that was appraised at 325k by my hard money lender.

Asking Price : 260k

Comps :
36 Hunter St, Newark, NJ 07114 - 340k
91-93 Chadwick Ave, Newark NJ - 230k
14 Schuyler Ave, #16, Newark, NJ- 304k