All Forum Posts by: Nick Campanella

Looking for property in west long branch Nj? Can anyone help?

Long branch is a township in nj

I've ran into a problem with my first deal actually I'm not sure if long branch will allow me to rent the 6 rooms to 12 students anyone know the answer to this?

I've ran into a problem actually I'm not sure if long branch will allow me to rent the 6 rooms to 12 students anyone know the answer to this?

NJ

Thank you

Im looking to do a BRRRR strategy on this property

Price: 390,000

ARV: 660,000

repairs: (my dads a contrator) 40,000

that totals up to : $430,000

I got a hard money lender to agree to give me 429,000

the problem is although he is a friend he wants 15% and 5 pts 

Can someone calculate that for me to see how much im gaininig or losing I dont understand the numbers

Thanks yea I am an agent and he owns a construction company we are doing hard money though as I am young and have no credit...

I want to start investing in nj I'm 20 years old and my dads a contractor I found a property with these characteristics Asking price: 420k Offer price 400k Rehab :30k Arv: 660k Location: jersey shore (no flood zone) I found a partner in this but what do you guys think? I plan to buy and hold

I want to start investing in nj I'm 20 years old and my dads a contractor I found a property with these characteristics Asking price: 420k Offer price 400k Rehab :30k Arv: 660k Location: jersey shore (no flood zone) I found a partner in this but what do you guys think?