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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
0
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Chris Giuseppini
  • Bergen County, NJ
0
Votes |
11
Posts

Looking for a money partner. Where to network? (North NJ)

Chris Giuseppini
  • Bergen County, NJ
Posted

Purchase: $400-$500k (significantly under market value).

rehab: $50-100k

ARV: $750-850k

8% average annual appreciation over the last 10 years.

--------------------

I have a really incredible off market deal at my finger tips from within the family. This would be my first real estate deal, and I'm first in line to take a shot at buying it, and at a discount. I can also likely get a "gift of equity" which would drive down the cost significantly. 

Question: I've reached out to a couple people in my network if they know investors, but while I'm waiting for calls back, I want to remain actively searching. Where can I look? I'm not sure where in this forum would be an appropriate place to find people. 

This is a "grandma" property that has new windows, and mostly needs cosmetic work like peeling wall paper, repainting, pulling up carpet to reveal beautiful original hardwood. Electrical, central air and adding an additional bathroom is on my list. If we want to consider opening up the kitchen, that would be wise for this area. 

Most Popular Reply

User Stats

267
Posts
152
Votes
Brett Tvenge
  • Flipper/Rehabber
  • Phoenix, AZ
152
Votes |
267
Posts
Brett Tvenge
  • Flipper/Rehabber
  • Phoenix, AZ
Replied

@Chris Giuseppini are you putting any money into the deal?

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