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All Forum Posts by: Stefano Grottoli

Stefano Grottoli has started 10 posts and replied 78 times.

Post: Looking for Contractors in North Jersey

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37

Hi! I'm looking for good contractors in the North Jersey area. I'm currently fixing and flipping a house in Hackettstown, and would like to receive some recommendations. Thanks!

Post: Potential deal - septic system

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37

@Andy R. I won't be making any guesses. Should have the final quotes next week and will let you know asap!

But what I do know (and this is my first flip, so not at all I'm an expert), is that it's a gravity system, with a tank and a leach field.

Post: Hot Deals in North Jersey *serious buyers only*

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37

Please, add me to your list as well - [email protected]

Post: Potential deal - septic system

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37

Wow! 45k to replace a Septic system is way too high! I'm replacing one on a property that I'm flipping, and although we still didn't get the final quotes, the engineer told me it will be somewhere between 10k and 20k to replace it all. We already had a surveyor at the property and the engineer did the soil dig to test it. As soon as we have any progress will let you know (including the actual quotes).

Thanks!

Post: With which color should I replace the red?

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37
Originally posted by @Patrick Philip:
Originally posted by @Stefano Grottoli:

I would go with some brown - like the Resort Tan from Sherwin-Williams. Would look terrific, and more towards the neutral (which is always better when you're flipping).

 And you can walk on that no problem? For the deck and stairs.

 I'm pretty sure that SW will have a specific paint with a similar color that can be used on the outside and that can be "walked".

Post: Land Surveyor North Jersey recommendations

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37
Hi Craig Combs I do want! Can you pm me his contact please? Thanks!

Post: 2nd BRRRR in New Jersey

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37
Think like this - compare 3x the cash flow from option B to 2x the cash flow from option A. Option B gives you back almost 2x the 60k invested, so you could have 3 properties cash flowing versus 2 properties cash flowing from Option A (however with a higher cash flow). But at the end, the beauty of BRRRR is the last R. So I would probably go with option B. Imagine how you can scale your business from having 2 more properties to Cash out Refi later, and considering the same numbers that would give you 240k to rinse and repeat again. That’s how I see it!

Post: With which color should I replace the red?

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37

I would go with some brown - like the Resort Tan from Sherwin-Williams. Would look terrific, and more towards the neutral (which is always better when you're flipping).

Post: Land Surveyor North Jersey recommendations

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37

Hi! I need a Land Surveyor in North New Jersey. Does anyone can recommend one?

Thanks!

Post: We're looking to raise funding for a Clark, NJ project 8-10%

Stefano GrottoliPosted
  • Investor
  • West Orange, NJ
  • Posts 85
  • Votes 37
By the way I’m not being sarcastic here! Just want to know if this is a doable business model!