Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Charlie Hampton

Charlie Hampton has started 11 posts and replied 181 times.

Post: Deed in LLC, need new property insurance in NJ

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

Sent you my insurance guys contact in dm.

Post: Looking for commercial loan for SFR in South Jersey

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86
Originally posted by @James Masotti:
Originally posted by @Charlie Hampton:

Be careful, I just had my 4/1 sfh appraise for only 80k in berlin because of all the foreclosures dragging it down.

 Bad appraisals are the worst! Absolutely nightmare to deal with. Still trying to shake of the bad ju ju from mine. 

 I'm still in this property for $0, but I couldn't pull out the extra cash I wanted.  Oh well, on to the next...

Post: Looking for commercial loan for SFR in South Jersey

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

Be careful, I just had my 4/1 sfh appraise for only 80k in berlin because of all the foreclosures dragging it down.

Post: Having a hard time finding a GC in South Jersey any help??

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

Sent you a PM with my number. Give me a call and I can check it out for you.

Post: Having a hard time finding a GC in South Jersey any help??

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

I'm 15 mins from there, what are you looking to have done?

Post: Advice/Recommendations for tax season

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86
Sent you a message with my CPA's info.

Post: Contractor recommendations - South Jersey

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

If you have extensive termite damage AND foundation issues, I think I would push it in a hole and put up a modular.  I've saved some pretty terrible places, but there wasn't much to be made when doing the work myself.  Might not be anything left at all if you hire it out....

Post: Creative Ways to Find Small Multi's in South Jersey

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

I have had a hard time finding them also. I have a duplex in Salem that has great cashflow, but its useless for BRRRR because the appraisal costs more than the building appraises for.

Post: Modular/Prefab homes advice needed

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

@Eric Teran is correct.  Usually whatever you are paying per sq ft is doubled when you include everything else (foundation, sitework, etc.)  Is that 65k including delivery, crane and site crew for setting/sealing the boxes (parts of the home on the trailer are referred to as boxes).  I would go back and forth between a few modular places and make them compete for your business.  That's what I did and I shaved off about 12k from my original quoted price on one.

When you say inspector do you mean from the bank to give you draws or do you mean county/township inspector?  The modular companies have their own inspectors come out and that is good enough for the township (at least in my case it was).  The township would only inspect the work performed on site.  

Overall, there is less to manage when doing modulars in my opinion, but it all comes down to the cost and if its profitable.  I can build a profitable modular and I can build a modular with zero equity.  It all depends on you and what you pay for everything.

Post: Modular/Prefab homes advice needed

Charlie HamptonPosted
  • Contractor
  • Franklinville, NJ
  • Posts 183
  • Votes 86

@Mayer M. what specific questions/concerns do you have?  There are no added complexities to a modular as opposed to stick building that I have had to deal with.  You are still purchasing land, setting up utilities, pulling permits, etc...