All Forum Posts by: William Beck

Fellow Investors,

I walked 19 Montrose St South Orange just before the holiday break and its worth a review.

Best play here will be to convert this legal two family (setup as a 3 family - including utilities) to a college rental. At present, the property is pulling in $4100 but can easily be converted to a college rental asking $600 per room (6.6k per month in revenue!). In short, this property has 11 available bedrooms and 5 baths throughout the 3 units. Zillow pictures will tell you most of the story but I am supplying a link below for some of the areas Zillow did not reveal.

Zillow link: https://www.zillow.com/homes/19-montrose-st-south-orange-nj_rb/

Walk-through pics: https://drive.google.com/open?id=14tqKOmNouyR7pD3A6N3NkDJm39-L7R38

This property will require some surface updating, primarily in the basement and first floor (both baths in basement need some attention). As a final note when assessing this opportunity, keep in mind there are several other college rentals on the street and the current owner has rented out the unit (in its current condition) for 7k a month. I've had my own college rental in South Orange for over 5 years now and can personally confirm rent rolls.

Let me know if interested in taking this one off my hands or partnering. I can send through my pro forma as requested. 

Happy Investing,

Bill Beck

BP Nation, 

RISE Properties is searching for motivated entrepreneurs that are looking for ways to utilize their spare time. If you have 30 minutes a day available to dedicate and an urge to further your real estate investing knowledge, this opportunity could be for you! 

What will RISE be asking of you? 

Dedicate 3 hours a week to building our off market leads by MOJO dialing and driving for dollars. We have a dialer account ready to rock and a proven system for driving for dollars. 

Required experience? 

A basic understanding of real estate. Outside of that, we will help groom you to be a well rounded real estate analyst. This will include understanding conversation flow when discussing a deal with a prospective client, reviewing comparable properties to arrive at fair market value, developing rough renovation budgets (as you go on appointments) and determining the overall value of any given opportunity. 

Pay structure?   

100% commission based 

Look forward to hearing from all our fellow BP members. This opportunity is a great way to further your understanding of the real estate game and learn from people who are full time investors. Joint venture opportunities will be available as well, we like to spread the love here at RISE. Keeping the team well fed and happy is the only way to keep rising up! 

Happy Investing! 

Bill Beck on behalf of RISE Properties 

Hi All, 

Updated info has been to sent to all that have requested. Please feel free to contact me by phone to discuss this deal further and some other deals that are in the works. 

Thanks

Bill

BP Nation, 

Looking for investors/realtors that have experience with short term rentals (e.g. Airbnb) in the greater North New Jersey area. I'm targeting Hoboken and Jersey City but am open to any area that makes sense within striking distance- Newark, Parsippany, Morristown, etc. 

If you have experience with this sort of strategy or know someone who does, please reach out via text, email or PM. I'm capable of moving fast with my investor network and private money following and have availability to meet during the day to get this operation moving. 

Look forward to hearing back! 

Best,

Bill

Hi All

Address is 168 Taylor St Orange NJ. Still working on obtaining rent rolls and expenses. Rental income is accurate based off the listing agent.

Once I have more info I will be sure to send along. 

Thanks

Bill

Hi All 

Opening this channel back up. Contract is now confirmed with 60 days to close post mortgage commitment (yes, traditional financing is available). 

Please reach out with any requests.

Thanks

Bill

Hi All 

For anyone who hasn't already seen my latest opportunity, check out this marketplace ad:

https://www.biggerpockets.com/forums/517/topics/53...

I also have another flip project going on the market today that I'll share once the 3-D scan is complete. 

Happy Investing

Bill

Fellow BP Members,

3 unit multi family available for sale in Orange, NJ. This property is .5 miles from Orange train station which is on the same line as Millburn, Summit, South Orange, Maplewood, and East Orange. Also gives you direct transportation to Midtown Manhattan and Hoboken.

All units have been updated with the last few years and the property is fully occupied. Water heaters, boilers and electrical panels have been updated within the past 5 years. Each unit offers a back deck (with back stairwell access) and there is a large backyard. Rents have not been raised for multiple years so there is room to grow! 

Please call, text, or email if interested and I will get back to you promptly. 

Cell: 973-349-6170

Email: [email protected]

Thanks,

Bill Beck

@Jason David@Peter Banyan Hi Both, happy to keep you informed of upcoming projects. Please reach out if you ever want to connect to talk anything real estate. 

Best 

Bill

@Marvin S. Thanks for your reply, Marvin. I will keep you in mind. I'm very active in the auction scene so I do have cash sales in my inventory. I'll keep you informed!