All Forum Posts by: Benedict Joanis

I am a fairly new investor looking to get into my first rehab. I have looked at a lot of properties, mostly through MLS. Came up with varying strategies on how to find the best deals, from only working with listing agents to driving for dollars. Anyway, I trusted a contractor early on and got burned. Long story short, we were supposed to partner on a deal and he backed out last minute, citing discrepancy in the ARV. So, we decided to part ways and come to find out, he actually grossly underestimated the repair cost, by almost 30k, which probably explains why there, all of a sudden, was an "issue" with the ARV, the crux of our initial offer. And the kicker, he still offered to be my contractor on the deal... Explains why these guys have such a crappy rep... Needless to say, I had to back out of the deal itself as the sellers weren't willing to reduce the sale price. So, I'm back on the horse again, looking at properties with contractors mainly from Angie's List and realtor recommendations... But I get the distinct impression that some of these guys don't like working with investors (could be because that one of them actually told me this... lol)... I guess I'm now taking to the BP forums to see if you guys had any other suggestions.... As always your help is greatly appreciated.

It's been awhile, happy to be back! I will be there! 

12 Kenbury Rd, Branchburg, NJ

Just needs a little love... 

Looking for SERIOUS CASH Buyer: 

1 Family ranch
4 beds, 3 baths
finished basement
1949 sqft
0.76 acres
1951 built
$20k repair
ARV $338,000
price $233,500

Comps

12 Fremont St sold $300k
159 Cedar Gove Rd sold $335k
523 Stratford Ln sold $379k

PM me for more details... & pictures! 

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348 W 4th Ave, Roselle, NJ

Lots of potential... Perfect for a creative Rehabber:  

- 1 family- Cape Cod
- 3 bed, 1.5 baths
- 1 car garage/ driveway for 3 cars
- 816 sqft living space
- 12,000 lot sqft (60x 200) 
- $20k repairs
- $171k ARV
- Asking $99,000

CASH ONLY!!!!!!!

PM me for more details... & pictures!

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7 Netherwood Ave, Piscataway, NJ

Location... Location... Location... (Great School System, Near major transportation highway, 2 major hotels nearby). Just needs a touch of modern! 

1 family
Cape Cod
3 beds, 2 baths
1081 sqft
10,000 lot sqft (100x100)
repairs $25k
ARV $250k

Price $188k

CASH ONLY!!! 

PM me for more details... & pictures! 

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86 Cortlandt St, Belleville, NJ

Gem in the rough... Perfect for the seasoned Rehabber

1 family (colonial) 

3 bedrooms, 1.5 baths 

1,500 sqft

located in $180,000 to $220,000 neighborhood

roughly $30k in repairs

CASH ONLY!!! 

PM me for more details... & pictures! 

I will be there... Sorry for the delayed response! 

See you tomorrow 

Hello fellow BP Members,

My name is Benedict Joanis, I am a fairly new RE investor operating in the Tri-State area (NY, NY & CT). My partner and I started marketing for properties in the northern New Jersey area (Bergen, Essex & Hudson counties) and we have had some success getting motivated sellers. Our goals (like maybe most people) are to wholesale to build capital to eventually buy-n-hold for cash-flow. I'm sure this sounds all too familiar :) Now the dilemma is finding SERIOUSLY interested cash buyers. If you are one and are interested in buying the northern NJ area... I would love the opportunity to speak with you... find out more about your buying criteria and find a way to work together. Please PM if you are interested.

Looking forward to working with you!

Happy Investing!

Ben

PS: Thank you @Joshua Dorkin & @Brandon Turner for putting this site together... It has been a wealth of information for me and my family... Setting us well on our way to financial independence! Many thanks!