All Forum Posts by: Christopher Welber

A big shout out for plumbing video inspections. I wish I had done it when we bought our four bedroom home in Livingston, NJ in 2018. After several slow drains and backups I finally popped ($400) for a sewer line camera inspection. The results were a we have a copper sewer main pipe (street to house - luckily PVC in the house) from probably when the house was built in the 1960's and will need to pay $5,800 to replace it with PVC which our insurance company may or may not cover. But at least it's better then a sewage backup in the middle of the coming Covid winter.

Lesson 1 learned, it's worth it to pay for extra's outside the basic home inspection. Lesson 2 leaned, if the house has a tree in the front of it and is older it may have copper pipes with tree roots feeding on them and be closer to a complete blockage then you realize. Another warning sign you'll soon have sewer problems is if the toilet water levels change for no reason.

Thanks Carl! It sounds like there's a lot of complexities for multiple parties investing as a group. You bring up a number of scenarios I hadn't considered.

Can I use my 401K money for real estate investing?

My wife and myself are in North Jersey. We don't have any firm project yet this was just a possibility. With that said do you a attorney recommendation who specializes in these types of specialized real estate situations you could recommend in our area?

My specialization is Cybersecurity if you have any questions in that area.

Best,

Chris

I'm considering loaning a real estate investor the money to buy a house which will be knocked down and rebuilt into a larger new house. The amount of money requested is about $350,000. The house will be demoed then rebuilt at a cost of about $400,000 then resold for about $1,000,000.00. I might only provide a $100,000 and a group of others would provide the rest.

The question is how to create a legal structure that would provide all investors of the group the first lien position. Could a partnership or LLC provide a vehicle for this type of arrangement?

Thanks,

Zillow used have detailed Real Estate value, historical and tax information. Recently it seems to have disappeared.

I'm wondering what is a good source for accurate Real Estate (and tax data) that is low coast (or free) and consolidated. My area of focus is Livingston, NJ.

Thanks!

Hello everyone,

I’m looking for A real estate group (or individuals interested in connecting with like minded people) in the Livingston NJ area. My goal is to focus on this local market.

I'm  also interested in learning about effective strategies for locating properties and funding in the area.

Thanks,

Chris