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All Forum Posts by: Keith Lutz

Keith Lutz has started 4 posts and replied 182 times.

Post: New Member from Rockaway New Jersey

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
Welcome Gavin! If you end up looking for a small investors group out your way, look me up!

Post: real estate license and investing in new jersey

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
Justin Drappi yes you can! We have a few that do that at KW In Morristown, where I am. PM me if you need more info.

Post: New to Bigger Pockets, hello from Morris County, New Jersey!

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
Welcome Rita Droz , nice to see a fellow Morris County peep on here! Hit me up as a friend or whatever it is called on BP!

Post: what would you do with 10k

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
Find a real deal, use hard money, where the deals ARV is say 200k and they will finance it for 75% of that (150k), and they will give money for repairs if it fits into the 75%. Use the 10k for points if need be. My friend several months ago got a call off craigslist from a home owner where they tied a home up in Randolph, NJ where the owner was in FL and just wanted out. He could have easily done this, but choose to wholesale it instead. He asked 195k from rehabbed, and rehabbed sold for 455k. See what I found on #Zillow! http://www.zillow.com/homedetails/39488958_zpid

Post: meetup

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
Darren Sager usually has a BP meet up in North Jersey or Manhattan.

Post: Cap rate for Newark, NJ?

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
I think that would vary by areas in Newark, but I am no expert. Maybe Darren Sager would know or know of a resource?

Post: BPOs

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62
I usually do 5 or 6 a week, and while most people think you get paid only $35-$40 for an exterior or $50-55 for an interior, I usually get around $50-$60 for exterior and $95 for interior, and while it is not the $$$ most people talk about, I find it keeps my "saw sharp" for CMA's and the extra $300-600 keeps my wife at home with the kids. Anyway TMI, if you want PM me, I can drop box you a bunch of helpful resources I found online. Or you can go where I found some info which was Tim & Julie Harris Real estate University, very knowledgeable resource!

Post: Where can I find good Purchase Agreement contract for wholesaling?

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62

You can go to NJRESN, Jonathan Stiengrabber is offering his in the next meeting. http://www.meetup.com/network20/

Post: Northern NJ Meetup

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62

Thanks, added it to my calendar!

Post: YOUR Definition Of Wealthy

Keith LutzPosted
  • Real Estate Agent
  • Hackettstown, NJ
  • Posts 206
  • Votes 62

No Debt, passive income to cover expenses and a little extra, and enough nest egg to cover for a catastrophe.