All Forum Posts by: Edward Verdel

@Dawid Smolenski despite what others are saying, $450k in the Heights is fine. I showed condos there for $299k and $350k yesterday. The bigger issue is with 20% down at current rates, you’ll be cash flow negative. I run a real estate team with our office in the Heights so feel free to DM me if needed.

@Christian Clumpus taxes are based on assessed value, so it shouldn’t have major tax implications unless the value changes (renovations with permits, etc.)

You should start by speaking to a local, experienced real estate attorney. Let me know if you need recommendations.

@Gary Guarnaccia I’d be happy to help. I own a few properties in Journal Square and run a local team: https://www.zillow.com/profile/TheVIPTeam

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@Eddie Egelston agree on your points, but our area trades very tightly and I feel everything in his estimates is conservative, so profits should be more. 20%+ ROI is great for our area and what most flippers target.

@Steve Santurro let me know if you’re still looking for a broker

@Farrukh Madaminov sounds solid. What part of JC?

@Christopher Leo I have a 3-family listed in the Heights that could be a good fit for you. What’s your budget?