All Forum Posts by: Asad Bajwa

Working on my first new construction project..  will be building 5 (2) family homes in Queens.. 

Need a referral for a company to do a boring test.....   Thanks in advance

Hi...  

Need a referral for an architect to resolve Dept. of building violation in Bensonhurst... NY

Thanks is advance for your referral..

hi Sal..  I'm in.. please keep me posted  

Yes, please add me to the list..

Appreciate the feedback everyone...  will post an update and let everyone know how it goes...

John.. thanks for the advice.. in talks with a couple of local investors for JV to do just as you suggested...

Rick.. The seller( estate) had a deal which fell apart right before closing due to a tenant not vacating..         The seller needs money....  their 1st contract was for $390,000.. I've agreed to accept the tenant & in contract for $330,000..   Attorney is doing the title work..  

Opportunity to purchase two family home in Brooklyn..  Challenge to get loan in a short period..

Purchase price $350,000

Rehab-          $80,000

ARV $615,000-$630,000

It's a good opportunity.. don't want to lose it..

Challenge is the seller wants to go straight to closing table in 5 days..  It is enough time to get title insurance.. however not enough time to raise the funds to close..

Does anyone know of a lender who is able to work on a shorter time period than the usual.. will be putting 30% down payment on the property.. 

How much ($ sq. ft) should i budget for construction.. hard cost.. soft cost.. etc

Thanks for the post  Noman.. Eddie..    

Plan on developing and then selling all 5 properties.. 

Purchase price for the the lot is $435,000..   

Sale price for new semi-attached 2 family $620,000-$640,000  

working on creating budget..  What is the range for construction cost?