All Forum Posts by: Stephen Kappre
Stephen Kappre has started 2 posts and replied 230 times.
Post: South Jersey Meet Up #16 - Property Walkthrough & Investing in GC

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
I'll be there and I'm rounding up more ... is there a prize for bringing the most friends? ;)
Post: [Calc Review] Help me analyze this deal

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
@Leche Hopkins I second some of the comments above, especially regarding the concern of deferred maintenance and repairs needed going in. Looks like $0 is budgeted for repairs.
Post: South Jersey Multi-Family Investment using a VA Loan

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
Welcome @Christopher Santiago - using a VA loan would be great and you can go up to a 4-unit. Sometimes VA can be a little more "picky" with the appraisal so don't expect to be able to finance a place needing significant work. But an outdated, generally maintained property can be a great buy - for example an estate sale ... systems functioning but outdated, etc. Good luck!
Post: Ready to take the leap in South Jersey

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
@Jason D. Check with @Justin Eaton on the next local BP meet up - usually its every month. He will post the link here if currently available. Hope to see you out !
Post: Next Movz Realty Broker NJ

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
Hi @Marlo Crawley Welcome - I'm located in South Jersey. Looks like you are a bit north - if I can be of any help reach out. All the best -
Post: Skilled labor in South Jersey?

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
I'll send you a few.
Post: HELOC APPRAISAL ADVICE

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
I lean towards both opinions above ... a couple thousand is close, and if it's close enough go with less stress and call it a day. If you want to send me the data I can kick around the numbers. Generally my thoughts are in line with appraisers but to a degree it is their opinion, and they can get things wrong, too. I had two appraisals come in recently on a particular flip, and not only was the value $10k different on the two, which was a fair chunk on this one, but the square footage was different on both of them, which was ALSO different from what was in public records, so ... yeah appraisals can get funky like anything else.
Post: Newbie wants to get start around Philly/KOP/NJ

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
@David Vitarelli I don't disagree regarding the taxes in Jersey. Lower tax areas may cash flow more and appreciate less, but are easier to get into with lower prices. Higher tax areas may appreciate more and pull much higher rental figures, better schools, etc but cost more upfront. Maybe for some vacancy is the scary part, since other state's taxes overall are so much lower so vacancy doesn't hit as hard if you have a place empty for a bit when your taxes are $90/mth versus $500+
Post: Newbie wants to get start around Philly/KOP/NJ

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
@David Vitarelli I'd be interested in hearing what areas you are talking about.
Post: Need a GC familiar with FHA 203 K streamline in south Jersey

- Real Estate Agent
- South Jersey
- Posts 252
- Votes 143
Sending you someone to call ... oops my message to you timed out. Send me a message I’ll reply with the info.