Investar Capital Group - Hackensack, NJ

[Matt Aquino]

Curious if anyone has done any work with Oscar Ladino over at Investar Capital Group in Hackensack, NJ ? 

They offer wholesale properties to investors, lending, rehab, and selling.  As an investor you can select one, all, or any of those services.  They focus on distressed homes in Bergen County, NJ.

Considering leveraging their wholesaling and rehab services to help get me off the group in my Real Estate investing journey. As I currently work full-time and am having a very hard time finding properties in my area on the MLS or auction sites which would turn enough equity for the effort. Also have no experience in construction and therefore lack the confidence to make an estimate on those costs when evaluating properties. Thinking about using a company like this to help navigate those areas until I gain some experience.

[Cameron Hastings]

@Matt Aquino I just completed a project with Oscar and I strongly caution you against working with him. He is well meaning but his team is basically incompetent. Our project had numerous serious mistakes that required everything to be ripped out and started anew in addition to terrible communication throughout. He would let me know items had been completed only for me to find that they had not been when I went to the property. His first sub that was in charge of the property just stopped working at some point and a new one had to be brought on. Overall the project was months late and was not properly inspected even up until the sale closing. 

If you just want to purchase a contract on an REO from him that's one thing, though he also messed that first step up and didn't submit paperwork to our lawyer for the closing. I strongly caution against using his team for construction and project management.