All Forum Posts by: Ryan Paltridge

@Stephen Earley, I agree with $150 sq/ft estimate when hiring a GC. From experience, i've learned to get specific details when it comes to line item budget. "What type/brand of fixtures does this get me?" "What is the cost of material vs. labor?" 

Are you going GMP type contract or cost plus? Important when it can come down to staying on budget or costing you more...

If i can be a resource in any, please reach out!

Please add me to your list.

[email protected]

Thank you

Hey @Prem Schoff,

I'm a agent and investor in the areas you are looking at. Currently developing new construction single family homes in both Summit and Montclair, and building a 3-family in ironbound section of Newark. I think its possibly to find Multi-family properties for what you are looking for in the area, though the cost of purchase may be high and taxes, depending where you go (Essex county especially), could be high as well. I agree that in NJ the 1-2% rule is almost non-existent, unless you go to some areas that are less desirable for some (Paterson, Irvington, etc). Depending on your budget to purchase and renovate, the BRRR technique may a route you want to strongly consider. If you buy anything turnkey multi in the areas discussed, you will be paying a huge premium and very doubtful you have any positive cash flow.

Let me know if you would like to sit down and discuss in more detail, or if I can be a resource for you. I currently live in Jersey City so it looks like we are not too far away from each other. 

@Joe Evangelisti

Hey Joe, my partner and I have some interest in the home. Could you PM any more details you have concerning the deal. Thanks! 

Welcome Bethany! I, myself, am currently looking for my first multi-family in NJ. Best of luck on your search. 

Thanks @Michael S.. This site has been a great resource thus far. Can't wait to find that first deal. 

I appreciate that Ken. I'll definitely reach out. 

Thanks for the warm welcome guys! Paul timmins, i'll be sure to check all those resources out. 

Hey guys!

I'm a newbie investor from Morristown, NJ. Currently work as a medical device consultant, but would like to make real estate investing my full time career (sooner then later). Been reading the forums for some time, and learned a bunch already from all of you, so thank you! I'm looking to begin flipping properties, buy a multi-family before the end of year,  and stop flushing my money down the toilet on rent. Been reading a bunch, including Brandon's book, and would like to network with other investors in the area, learn as much as I can, and take the leap. 

Been looking at foreclosures lately for my flipping opportunities, and thinking of doing a FHA or 5% conventional for my multi-family since I won't have a tremendous amount of funds liquid for a down payment. Any thoughts, tips, comments would be greatly appreciated. Thanks guys!