All Forum Posts by: Theodore Renka

thanks Adam, will do!

hi malick,

   I'd rather not put the town on blast but most of the issues I had was failing the certificate of occupancy over and over again.  Instead of giving me the issues once, every time they came back they found new ones which extended the process about three months.

thanks Ingrid ,

I did the tiling, some demo, and a bunch of punch list stuff.  I used contractors for the rest.

thanks Ndy,

It's in northern nj

thanks everyone! I appreciate the feedback!!!

thanks Imran!

The 40k was "cash".  Quotes because I got 30k off a credit card at 0% for 12 months direct deposited into my checking account. The other 10k was my own money.  I had to be very creative with the costs as I am not a rich man! At least not yet!!! Lol 

I'd be happy to share Robert.  The siding was around 10k and the roof 6k, including material and labor.  The nine months was closing to closing.  I used Home Depot for the siding and roof as they provided 2 years at 0%.  I did not add any br or baths.  Rehab took 4-5 months.  The whole process would have gone much faster but I had a lot of issues with the town.  Hope this helps! 

Hi Doug,

           Thanks!

Thanks Griffin,

       The rec room and bonus room were already there (I just renovated them) but the listing didn't count them in the square footage.  I think that scared away a lot of competition on the buying part.  When the house was appraised they said it was about 1700 square ft and the bonus room could easily be used as a third bedroom as it had a big window and closet. 

Hi Adam,

     I am in north Jersey too.  I bought a property through Homesteps who is sisters with Homepath basically.  That 120% I believe is for the first three months.  Once the property seasons I don't believe you will have any issue.  I didn't when I pulled out $120k on a property I bought for $40k.  Have an agent that is experienced with Homepath transactions look closer at the addendum.