All Forum Posts by: Gilbert Ross Jr

I'm in Essex County and I know those areas. All the best to you!

Gilbert

Welcome to the community! I am in the Essex county if I can be of help to you.

Just market the property like any other and when people call you can explain the situation. If the numbers work an investor will buy it.

Hey @Mikel Garcia I'm in Essex county and I'm a realtor and an investor. Please PM or look at my bio for my contact information. Happy Investing!

I wouldn't do it. Even if a traditional buyer wants to buy the house I doubt they are going to put down $20k unless they are getting conventional loan at $700k. You should have a contingency period of 14 or more days hopefully. You could agree to put that money down after the contingency period this way you will know if you need kill the deal or not. That's my best advice.

@Michael Roundtree I am in the Essex county area and would love to help in any way I can. All the best to you.

I am working on a commercial deal in East Orange, NJ. How do you determine what a commercial rental unit price? Comps are all over the place and I would like someone to give me some input.

If I could make $456 a month on the property I would consider doing the deal if that met my minimum deal standards. If you are factoring for capital expenditures reserve then it wouldn't make to much sense in my opinion.

Welcome to BP! All the best to you.

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