All Forum Posts by: Clayton Howard

I recently purchased home homes at auction in NJ and was wondering how I could Wholesale them to someone for a higher amount and close to pay for the property with spending any of my money.

Starting a new company and exploring options on realest ROI to offer investor? I have remodeled Home purchased at 100k done rehabs in excess of 70k on homes ARVing in the 300k area which provided great profits to the partners and myself. But I'm curious what as to what the community thinks a solid return on investment to a silent cash only non managing investor within a group? I'm thinking it's really the investors decision as it's there money, what I'm wondering more so is what would be standard and what would be attractive based on my performance above and my ability to recreate the same RE scenarios per deal.

Thanks for your reply’s in advance

He I’m curious to know what you guys can give me on what’s the definition of a “Turn-key investment in Realestate in particular buying and selling a home. What would a deal be package like to would be considered turn key? What would it offer? What type of turns are best suited for such a deal? I’m sure the teens would depend on the deal bout should favorable turns be given if the financing is done by one partner more than another’s?

Hey so I’m looking to obtain hard money for a deal I’m interested in within NJ. I was emailed by a lender whom I’ve check using Facebook that wants to loan me 160 at 10.54 for for this deal with me placing 1708. Upfront for loan fees. I want to know is it common for hard money lenders to ask or lenders in general to ask this before the provide funding? What is common practice and what are the best ways to check the validity of a lender and protect oneself against scams?

I felt this a good topic to bring to the group. Can wholesalers have themselves gazed out of a market but charging exuberant fees on properties whose value won’t equate after extensive rehabs on these same homes the wholesalers are selling? Take this property I saw today for 170k! In a horrible area of Newark NJ. I am a licensed NJ contractor and Based on the pics included without even going I know it needs about 80k minimum in work . Where’s the value if the home comps for the area clear have it selling in the low 300k based on the rooms and overall size of the home? Who can you wholesale this and expect longevity?

@Roberta Cincotti I don’t know if a home buyer assistance buyer program would apply for me. I won two properties at a max spann auction in July. I purchased them under my lLC or signee. I’m assuming I’d have to by in my name if I wanted this assistance correct??

@Roberta Cincotti hey would love to know about that info on the tax relief when u have time

@Courtney Rollins-thanks for the reply Courtney, the BP resources are real assets to education. I will follow up with Franks book also. Would u recommend any good methods to evaluate an investment area? Like how I could verify market stats regarding resent home sales if mls access in the area is limited ? Example if I’m researching markets in areas I’m unfamiliar with what’s the best way to get accurate stats on history?

@Kurt Kwart-thanks how would I get info as to what was available in the area?

Hey recently brought some property in Atlantic City and curious if anyone in the community is knowledge about tax incentives available for new owners within the area or to those in NJ as a whole. Atlantic City has high taxes and I know places like Newark were I also invest offers incentives . Any knowledge and verifiable links would be appreciated?