All Forum Posts by: Beshoy Awad

Good morning BP community!

I am in the process of closing on my first house hack in New Brunswick, NJ. As I learned from all the podcasts, I am trying to find ways I can increase the value of the property.

The first thing I noticed is that the house has a decent sized backyard that could be converted into at least one parking space. I was wondering if anyone has experience doing this specifically in New Brunswick as I know they value their curb space. Also, one of the units is currently zoned for 1 bedroom. However, it has a basement that can be converted into a second bedroom (the basement has a door that leads to the utility room which has the water heaters, panels and the door to the backyard. What is the process like to formally have that unit as a 2-bedroom unit? Is there special requirements for a bedroom?

Thanks guys!

@Justin Fraser

Hey Justin, I'm from East Brunswick. When do you have these meet ups?

Hypothetically, if I know someone who has a GC license and is insured, can they sign off as the GC while I am the one to hire the subs? 

 A) Is that illegal?

B) How does pulling the money out from escrow work? Is it by percentage of completion of the project like traditional GC contracts are or is it once 100% completion of the rehab is completed, the money is then released to the GC? 

Hey Guys!

I found a great property in central jersey but it needs a good amount of work. Has anyone had any luck with a good GC that is insured? I am getting a rehab, live in loan but every GC I talk to, do not want to deal with the bank. Any suggestions?

Will this be recorded?