All Forum Posts by: Gabe D.

It doesn't matter if you're new to the real estate investment game or if you've completed a dozen flips this bus tour is for you.

On June 2nd we are going to demystify the process of Add-A-Levels breaking down how we take dated Capes and Ranches and force appreciation by blowing the roof off and doubling the square footage.

These aren't your typical cosmetic rehabs we're talking about here. These are big deals with big six figure profits. And best of all they're real active projects!

We’ll be bringing you to projects in varying stages of completion and sharing how we source the deal, finance the project, manage the constriction and ultimately sell the property for huge profits.

So, whether you are already in the real estate investing game, or just looking to get started, come out and see what this extremely profitable niche is all about.

The tour will begin at 8:30 AM at Lenape Park in Cranford and Lunch will be provided. But we are limited to 46 Seats so sign up today because we are guaranteed to sell out.

Hope to see you all there!

Gabe Da Silva

BUY TICKETS

0 Votes

Life as a Real Estate Investor isn’t always Sunshine & Rainbows…

Some nights you gotta field calls from angry incomprehensible sellers!

Take a listen to this message…

The Mad Mailer

1 Vote

Originally posted by @Joseph M.:

@Gabe D. Thanks for sharing Gabe. The home looks really nice! I'm not familiar with the area but looks like there are a lot of very nice homes in that part of NJ.

It looks like the profit after all expenses was $230,000 is that correct?

I noticed on Zillow it was first listed in November 2016 but just sold this June. This seems like a long time , but I don't know the market there at all. Is it typical for similar homes to take this long to sell in the area?

Also are you able to do several of these homes at one time or do you usually work on one project at a time?

We typically list all our stuff pre-construction using architecturals, floorplans and renderings. We have been pre selling about 50% of our projects this way. This one unfortunately wound up not selling pre construction so we finally had to list it. We were listed for 90 days which in our market is pretty good for this price point.

With our model and system right now we can run about a half dozen of these at any given time. We are set to scale though and Im confident with the right team we can take on a lot more. It was a challenge initially creating the system but now that its in place we should be able to really blow it out.

1 Vote

Greetings Investors,

Im excited to introduce the new "The Anatomy of a Flip" post series!

In these posts we will be dissecting recently completed renovation projects, highlighting best practices and sharing lessons learned.

The goal is to help aspiring investors gain a better understanding of the real estate investment business so that they too can ultimately achieve financial freedom.

Here's hoping these posts add value to your lives and individual real estate investment businesses.

Property Description

The subject property was a large dated Cape in the desirable commuter town of Berkeley Heights. The original dwelling was not the highest and best use of the prime location. It was an ideal candidate for an Add A Level and ultimately yielded a beautiful 5 Bed 4 Bath 4,200 Sq Ft Custom Colonial deserving of the location. The house boasted a full finished basement, designer finishes throughout, massive custom closets and a chefs kitchen.

Renderings

Numbers

Location: Berkeley Heights, New Jersey
Ownership Structure: Project Specific LLC
Work Description: Add A Level / Addition
Financing: Hard Money / Private Money Lender
Duration: 12 Months
Purchase Price: $455,000
Cost of Construction: $400,000
Sales Price: $1,250,000
Holding Costs: $100,000
Selling Costs: $65,000

Pictures

Click here to see all the listing photos on Zillow

Videos

Interior Progression Video

Kitchen Progression Video

Video Walkthrough

Virtual Tour

I hope you enjoyed walking through this project with us and found value in the information shared herein.

We'll continue to work on and improve these posts so that we may share our experiences on future projects.

Please feel free to respond to this post with any questions or feedback you might have.

4 Votes

Attn: Local Investor & Builder Friends

We have 60 freestanding acrylic bathtubs in 7 different styles!

Please DO NOT pay Home Depot $1,100+ for your next one!

If you need one for your next project let me know and I'll message over the specs and pricing on email.

We have 7 Models in stock and ready to Sell Sell Sell for about HALF their retail cost!

0 Votes

Originally posted by @Anuja Bhamare:

I am from springfield , NJ. I am looking for a pre-foreclosure/ vacant/ type property in a good neighborhood (around central and some parts of north jersey). I want to either sell it to wholesaler then or find a construction partner to work with to fix and share profit.

Are there any meet ups for local RE people around this area? I would like to join and meet/ network with people around here

I have an Add-A-Level going in Springfield as we speak. And I just picked up another around the corner that I may be looking to wholesale. If you're interested PM me.

0 Votes

Im currently sitting on an application package from them and debating whether or not to bother filling it out. It doesn't seem like folks have had that great of an experience which makes me a little leery. I like the sound of their LOC Product but not at the cost of my time and patience.

0 Votes

I'm an investor, agent and regularly attend sherif sales so this sounds very interesting.

1 Vote

Originally posted by @Gavin Gewecke:

Hello Bigger Pockets,

My name is Gavin and I’m a new member on BP. I’m from Rockaway New Jersey and I have a background in professional sales. Besides purchasing my primary residence with my wife I have zero Real Estate experience. Currently my wife and I are looking at Real Estate as a potential investment vehicle for the future.

Since my sales profession provides me with quite a bit of windshield time, the BP podcasts have been a great way to begin educating myself on the business – turning my car into a “Library on wheels”.

I’ve begun reading the beginner material on BP as well as some of the book recommendations I’ve picked up from the podcasts. Besides listening and reading I’m currently interested in networking with investors/people in the business who know my market and who may have some advice/guidance to offer.

For anyone in my area, please advise if you know of any groups or networking events where I would be welcome.

Thank you – I’m excited to part of the community!

Windshield University...Thank god for Audible and Podcasts!

Check out the MeetUp in Garwood on Wed Apr 8. I have been going to this one religiously for a few months and highly recommend it. If you search for NNRESN on MeetUp you'll find it.

0 Votes

Originally posted by @Xavier Y.:

Originally posted by @Gabe D.:

Originally posted by @Wendell De Guzman:

Originally posted by @Trevor Rutherford:

@wendell, could you recommend your va ***.?

NO. He works FULL TIME for me already.

You can find a VA through eLance

Trevor I have a great VA in the Philippines that I can recommend. I currently work with her but dont have enough to keep her on full time. Shes on oDesk not eLance but its the same difference.

I was just searching BP for some info on VAs, so this was perfect timing! I was wondering how I would go about hiring a VA to answer the phone and call back sellers from either eLance or oDesk. One way I was contemplating would be using Google Voice and just link her specific phone number to this GV account I created for VAs. The problem I'm having is how do I pay this person for only the time she spent on the phone qualifying my lead? I know eLance has a Tracker tool, but when calls can occur at random times, how do I contract someone to answer calls at random times without paying for a block of time? Does anyone have other ideas they wouldn't mind sharing?

I would definitely go domestic for this task Xavier

0 Votes

All Forum Posts by: Gabe D.

Gabe D. has started 5 posts and replied 21 times.

Post: Add A Level Bus Tour

Post: When you get an angry seller call...

Post: The Anatomy of a Quarter Million Dollar Fix & Flip

Post: The Anatomy of a Quarter Million Dollar Fix & Flip

Property Description

Renderings

Numbers

Pictures

Videos

Post: FOR SALE: Freestanding Acrylic Bathtubs in New Jersey

Post: Anyone around springfield/ hoboken area?

Post: Jordan Capital Finance - Anybody have any experience?

Post: Looking for agent or investor in West New York, NJ

Post: New Member from Rockaway New Jersey

Post: Make $1M in 12 Months (Real Life of a Real Estate Investor Year 2)