All Forum Posts by: Andy Jerez

So I found this great HUD Owned large 3 story Victorian Col on corner double lot, one block from waterfront n view from 3rd floor with open and enclosed porches, in the best part of town I grew up. ARV at least $300k today. sold for 405k in 2005. Asking $115k. its a total rehab I have good credit n only $30k on my pockets. Taxes might be a little high at $9k so i might consider just flipping it if someone else have BIGGERPOCKETS. Am a HVAC contractor, I have a great team for rehab. I dont care if I end up with the property for myself.. WHATS THE MOST CREATIVE WAY TO PULL THIS ONE OFF FINANCIALLY?

@Chris Allen

I've done Roselle but taxes are too high. did Linden when great. I have an investor that when crazy on Newark and bought 5- 3 fam (little scary for me) but he bought buildings that were constructed 2006 so they'r nice n rent out fast even thought he got into 1 pitfall where there where no permits from the previous investors n had a hard time getting the C-0 however if you know the right people in Newark ull be fine. Am currently working in Rahway ill post about it later on.. Have others looking in Hillside. HUDSON, BERGEN and UNION COUNTY its where we are in a soft seller market so flip its good but at this point ull be in auctions most of the times. Down south there is too much inventory so if u tryna pick up ur dream beach house and hold u might find it. This is just my opinion based on what I seen pass 2 years.

I my beginnings I was an general contractor's "helper", fine tuned the trade and became an HVAC contractor. I soon realize I was better off networking with investors and be a key player in their venture. Eventually I have gained enough trust with a couple of them and ended up managing their deals from potential buy to sold...  Now am in square one of my own venture, looking forward to share my experiences and to keep learning.