All Forum Posts by: Ryan Saulle

Hey BP!

Any recommendations for an owner-occupied commercial mortgage (small business) in New Jersey. The property is a 2000 sq ft. mixed-use building. 

About 1000 sq ft. commercial space on the first floor which our business will be occupying and 

about 1000 sq ft. residential space second floor which will be rented to a tenant. 

Thank you!

Ryan

@Thomas Berardi anytime! We host it about once a month. Shoot me a PM if you want more info.

Investment Info:

Single-family residence fix & flip investment in Roselle.

Contributors:
Ronny Tiburcio, Michael Lee

Hello BiggerPockets!

Fix & Flip completed out in Union county, NJ.

Thank you to my team & BP community, let's keep on going in 2019!

Take a look at the before and after pics and let us know what you think:

https://drive.google.com/drive/folders/1Af1bOpykrk9rxydOdrQOhOXzP7Pmyz3I

Hey @Thomas Berardi welcome to BP, you came to the right place!

We're in the Central NJ area (middlesex, union, monmouth counties).

Feel free to send me a message anytime. 

Also, see below link for info on a local meetup we host. Hope to see you there!

https://www.biggerpockets.com/forums/521/topics/758369-value-add-real-estate-investment-group

@May Emery This one came from a driving for dollars list and yes, always have leads coming in from these lists. 

@Ehsan Rishat Thank you!

@Lauren Juarez Thank you!

@Alex Bekeza ha, thank you! We found this one with direct mail. The purchase price was 190K, rehab, 75K, sold for 365K. We financed the deal with a mixture of company capital & private money @ 10% with a balloon payment upon sale.

Hello BiggerPockets!

Another Fix & Flip completed out in Union, NJ.

This project was a success despite having an issue with a contractor (always learning).

Thank you to my team & the BP community, let's keep on going in 2019!

@Michael Lee @Ronny Tiburcio

Take a look at the before and after pics and let us know what you think:

https://drive.google.com/drive/folders/1--1F4KGUAcH14i0Ua9vFWye8hm6udMOQ

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $190,000
Cash invested: $75,000
Sale price: $365,000

Contributors:
Ronny Tiburcio, Michael Lee

Hello BiggerPockets!

Another Fix & Flip completed out in Union, NJ.

This project was a success despite having an issue with a contractor (always learning).

Thank you to my team & the BP community, let's keep on going in 2019!

Take a look at the before and after pics and let us know what you think:

https://drive.google.com/drive/folders/1--1F4KGUAcH14i0Ua9vFWye8hm6udMOQ

Hey @Tyler Burton nice to meet you. 

@Daniel Velez hosts an event out in Belmar - you should check it out next week. 

https://www.biggerpockets.com/forums/521/topics/741993-free-jersey-shore-open-networking-event

We also host one as well in Rahway if you're looking to come more north.

https://www.biggerpockets.com/forums/521/topics/735934-value-add-real-estate-investment-group

Feel free to reach out to me with any questions,

Hope this helps! 

Ryan

Thanks everyone for the feedback and questions!

@Peter Garaway @Account Closed Floors I believe Home Decor: Noble Oak, Paint: Conventry gray Benjamin Moore, split unit working great.

@Neil Nagaria It is in a 55+, there are rules but not the amount of years you have to hold. However I did have to purchase it under a relatives name who was older than 55.

@Account Closed It is in a flood zone because of the lake but only $400 a year for insurance. No it didn't deter buyers being that it has a nice lake view: it had multiple offers on it all under 5 days on market.

@Kristin King Thank you! - no I came across the contractor from someone in my network.

@Maria Pulice Thanks! All types of ways we find them, marketing, wholesalers, realtors, networking, auctions, etc.

@Gbenga George First offer came 2nd day on the market, few others came under 5 days.

My apologies if I missed anyone, please follow up or DM me!

Regards,

Ryan