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All Forum Posts by: Leslie Young

Leslie Young has started 1 posts and replied 5 times.

Post: RCN Capital review

Leslie YoungPosted
  • Investor
  • Englewood, NJ
  • Posts 5
  • Votes 1

I've used RCN to fund a flip and would use them again.  They were pretty easy to work with.  They are a very large organization unless many hard money lenders.

Post: Great deal- NICE purchase ($175k) to ARV spread ($535k)

Leslie YoungPosted
  • Investor
  • Englewood, NJ
  • Posts 5
  • Votes 1

Hello Aniela:

Since this is your first flip, do you really have to make all of those renovations?  You might want to keep it simple and not add any additional bedrooms, etc..  Just work with what already exist and make it look really nice.  I'm sure if you analyze the numbers correctly, you'll make a nice profit.

You can use a hard money lender but be mindful of your costs and rehabbing timing. If you keep the HML longer than you anticipate, the cost of the loan will eat up your profit.

We can talk further if you like.

Leslie Young

Post: Contractor needed for Flip in the Bronx

Leslie YoungPosted
  • Investor
  • Englewood, NJ
  • Posts 5
  • Votes 1

Hello Bigger Pockets Members.

I'm looking for a contractor who works in or around the Bronx, NY.  I need somebody experienced at working on flips, who knows his craft and can complete the project within the expected schedule.

Please reply if you if you are interested in bidding on the project or if you are recommending a contractor.

Thanks.

Leslie

Post: Reusable lines of credit

Leslie YoungPosted
  • Investor
  • Englewood, NJ
  • Posts 5
  • Votes 1

Julian:

Another hard money lender is RCN.  They lend nationally and I have used them in past for flips.

Leslie

Post: Homeowners insurance for flipping in north jersey

Leslie YoungPosted
  • Investor
  • Englewood, NJ
  • Posts 5
  • Votes 1

Michael:

What part of north Jersey do you do your flips?

I use Affinity Group Management Co.  They are a national lender. 

Leslie Young