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All Forum Posts by: K. Webb

K. Webb has started 2 posts and replied 5 times.

Post: Something is just not sitting right with me!

K. WebbPosted
  • Rental Property Investor
  • NJ (new jersey)
  • Posts 5
  • Votes 0

This property is located Sewell,NJ for one for 2 as stated in the post the septic company changed there price after the approval came back from the county. 

Post: Something is just not sitting right with me!

K. WebbPosted
  • Rental Property Investor
  • NJ (new jersey)
  • Posts 5
  • Votes 0

I

so this is my first fix and flip! Not much of a flip at this point and I’ve been misled so many times, taking advantage of for being a newbie but I’ve learned a great deal moving forward. So let’s get to what I’ve come for, I have a buyer on the hook and ready to cash in but wait! I was advised by one company that I had a cesspool on the property so with that in mind I knew I had to convert it to a septic system before the sale. I find a septic company to do the job and they’re telling me that it’s a well not a cesspool. I even spoke to past owners they told me there is a cesspool on the property. The company that confirmed it was a cesspool has refused to take the job and won’t even let me know why And to make matters worse The buyers agent recommended a company to perform the job they quoted me for 29,000 while taking a $12,000 deposit now that the county has approved it now The company is stating they want an additional $15,000 !! And to make matters even worse they want the $15,000 total before they even start the job!!! I’ve been ripped off by original seller, first contractor, AC guy screwed me now this company…IM DONE I don’t know what to do! Worst experiences ever !

Post: New jersey attorney for lending paperwork review

K. WebbPosted
  • Rental Property Investor
  • NJ (new jersey)
  • Posts 5
  • Votes 0

@Ibrahim Hughes A gentleman started a business with no idea what to do & he told me about it and I decided to help. So this business is a real estate investment company and with about 75k in a business account I decided to build capital with a few fix and flip while figuring out the direction of his company. What should I be asking for in return in helping him get going and also should I be looking to 50/50 this fix and flips or 60/40? He really has 0 input in the process and being that 75k is not much I’m using a hard money lender to complete the first few deals

Post: Corporate structure attorney in New Jersey

K. WebbPosted
  • Rental Property Investor
  • NJ (new jersey)
  • Posts 5
  • Votes 0

A gentleman started a business with no idea what to do. So he told me about it and I decided to help. So this business is a real estate investment company and with about 75k in a business account I decided to build capital with a few fix and flip while figuring out the direction of his company. What should I be asking for in return in helping him get going and also should I be looking to 50/50 this fix and flips or 60/40? He really has 0 input in the process and being that 75k is not much I’m using a hard money lender to complete the first few deals

Post: Start up real estate

K. WebbPosted
  • Rental Property Investor
  • NJ (new jersey)
  • Posts 5
  • Votes 0

A gentleman started a business with no idea what to do. So he told me about it and I decided to help. So this business is a real estate investment company and with about 75k in a business account I decided to build capital with a few fix and flip while figuring out the direction of his company. What should I be asking for in return in helping him get going and also should I be looking to 50/50 this fix and flips or 60/40? He really has 0 input in the process and being that 75k is not much I’m using a hard money lender to complete the first few deals