All Forum Posts by: Paul L.

Actually let me clarify, the cash invested is not what it cost to repair the house. That cash invested is the 10% down required by the hardmoney lender which is my cash invested. It costs me approximately $60k for a single story house and $80k for a two story house to renovate roughly plus holding costs.

I think New Jersey is like everywhere right now. If you look hard enough and act fast there are still deals out there... All my houses are single family houses for the most part. Although I just contracted to buy an old school and my plan is to convert it into apartments. This should be a fun project. If anyone out there has any experience with that sort of a project, please let me know. The deal illustrated in this string, I found in the MLS.

Suburbs, they are out there. Not very many of them out there in this market, but if you search hard, they are there... I just bought two houses right next to each other with a third lot and paid $100k. ARV's are $600k...

Investment Info:

Single-family residence fix & flip investment in Hopatcong.

Purchase price: $95,000
Cash invested: $9,500
Sale price: $279,900

Another Fix & Flip Deal

Investment Info:

Single-family residence fix & flip investment in Newton.

Purchase price: $39,125
Cash invested: $4,000
Sale price: $220,000

Another Fix & Flip Deal

Investment Info:

Single-family residence fix & flip investment in High Bridge.

Purchase price: $95,213
Cash invested: $9,522
Sale price: $225,000

Fix & Flip Deal

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hardmoney

How did you add value to the deal?

Renovation

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,215
Cash invested: $6,022
Sale price: $217,500

Renovation Flip

Investment Info:

Single-family residence fix & flip investment in Newton.

Purchase price: $95,000
Cash invested: $9,500
Sale price: $249,990

Bought off another investor that didn't want to finish the project.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hardmoney

How did you add value to the deal?

Renovate

Investment Info:

Single-family residence fix & flip investment in Newton.

Purchase price: $95,000
Cash invested: $9,500
Sale price: $249,990

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hardmoney

How did you add value to the deal?

Renovate

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000
Cash invested: $5,500
Sale price: $200,000

Fix & Flip

How did you find this deal and how did you negotiate it?

Brought from a wholesaler

How did you finance this deal?

Hardmoney

How did you add value to the deal?

Renovate

What was the outcome?

Great

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Used an agent to sell