All Forum Posts by: Shawn Macedo

Please check your facebook page.  :)

sent you a message and a connect request. :) 

Joy, Justin and Mark -- I appreciate you reaching out.  

Keep them coming... 

Shouting out to connect with fellow BP members engaged in wholesaling, investing, fixn'flippers and renters in the Central Jersey area. 

Robbinsville based full-time property investor here operating in Mercer, Middlesex, Monmouth, Burlington counties in NJ and Bucks County in PA.  We do wholesaling and invests in Rental Properties. 

Let's connect and see how we can benefit one another.

13 Center Ave – Burlington, NJ 08016

For full details and pictures go to: https://www.realestateacquisitions.co/property/13-center-ave-burlington-nj-08016/

Fix & Flip

Wholesale Price: $167,568
After Repair Value: $259,500
Projected Net Profit: $48,712

Property Information

Building Type: Ranch

Bedrooms: 3 (4 if the in-law suite main room is also used as a bedroom)

Bathrooms: 2

Real Estate Tax: $7,217.00

Occupancy: Vacant

Parking: Detached garage

Construction Details

Facade and Exterior: Vinyl siding

Roof: Shingle

Electric: Breakers

Heating: Gas

Plumbing: PVC

Landry: Yes

Zoning: Residential

Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.

Fix and Flip

Investment Type Cost

Wholesale Price $167,568
Rehab Cost $21,450
Estimated closing costs $4,950
Estimated holding costs $4,445
Estimated selling costs (5% of ARV) $12,375
Total Initial Investment: $210,788

Net Profit Calculation

Estimated After Repair Value $259,500
Total Estimated Investment -$210,788
Projected Net Profit: $48,712

Passive Income Rental

Investment Type Cost

Wholesale Price $167,568
Rehab Cost $6,000
Estimated closing costs $4,950
Estimated holding costs $4,445
Total Initial Investment: $182,963

Rental Income @ $2050/mo $24,600

Vacancy/Maintenance -$2,050
Ultilties(water bill) -$0.00
Accounting -$125
Landscaping -$150
Leasing Commissions -$410
( 1mth rent every 5 years)
Estimated Insurance -$800
Estimated Taxes -$7217
Propert Management Fees -$2460

Total Yearly NOI: $11,388

@Doug Price what was the actual voice mail that you left? I think that is a crucial component. I was looking into RVM, but I was doubtful about the initial price to get started. So I kept looking for other RVM providers. I found www.HotProspector.com, which is a multi touch marketing CRM. You may want to look into that.