All Forum Posts by: Jason Guinard

I have spent the past 8 Months dedicated to REI Netwoking and education. I am from Bergen county NJ and looking to start my investing here in a B market with a flip. My business plan is to do a couple flips within the towns around me (active area, 70% LTV deals are not easy to come by but hey are here) and once I am more comfortable and experienced enter the C market Brrrrr strategy aggressively to acquire 200 rental units over 10 years.

I have great credit, income, and own my home with 200k equity. I am looking for advice based on this info on whether it is best to take out a LOC to finance my first one or two projects myself, refi my primary, use conventional or other? There is a possibility 50/50 JV but private lender is dragging his feet on POF's. ( he would fund 100% with no other involvement)

By the way I also have a very good team around me with my wife being an accountant, 3 very good friends who are real estate appraiser of 17 years, a Plumber and electrician who own their businesses for 20+ years each, and 2 good aggressive REA's 

As you can tell, I have options.  I am just looking any extra advice I can get before pulling the trigger!  Thank you in advance for you help.

Good stuff!  I'm about 8 Months into a lot of self education and networking and now just struggling with what I want to focus in on.  I am leaning towards multi's for brrrr.  Anyway,not my show here.  I will ask my questions when the time comes.  I just wanted to wish you (Brian) the best of luck.  You got this!!  and thank you guys for sharing your experience.

Can anyone share what they are (generally) paying In Paramus area per sqft for mid level rehab.   I appreciate your input.  Thank you

New build - 

Gut rehab - 

Updates - 

Great event this weekend in Summit.  Brandon, Jay, and Darren were all very approachable, and true pro's.  In addition, with the format being so open it allowed us (the guests) to really get to know each other.  It sold me on finally upgrading to pro.  Oh, and they fed us well.

Thank you Bigger pockets team and members for a great day.

Are there rules or laws against a real estate appraiser also wholesaling properties?

Hello all, does anyone have a template that I would be able to edit for a JV with a 50/50 private lender. He is willing to accept all $ risk while I bring deals, manage projects, and close deals.

Thank you in advance.

Thank you guys I appreciate your feedback.

Hello all. How do you guys feel about a private lender that is willing to lend, and take all $ risk at 50% of back end profit.  He will have no involvement other than money.   He is willing to do this because he knows me well , (from a business standpoint) as a very reliable contractor that I could put a very solid team together.  Looking for feedback on whether 50% is too much, or a good deal being I am not paying back on the loan and cannot loose money?

Thank you for the feed back, I did end up going with something very similar to that.  Unfortunatley I did not hear back yet (2 weeks) thanks again, let you guys know if I hear anything.

My primary focus is on flipping in Northern NJ, but it would not be out of the question if the right situation presented itself to wholesale it, or even hold it. I am in good personal shape financially, I have a couple lenders ready to pull the trigger as long as the numbers work. I am new to REI in the sense that I have not yet made a deal, however, I have not tried. I have spent the last 6 Months working very hard at reading, attending rei groups, webinars, looking at properties and just talking to everyone I could to get me to this point of where I am now ready. What I meant by strategy is just having the GC and appraiser there together so I can walk away that day with tight, cross referenced numbers on the project. This will give me the ability to simple run the numbers and make a go, no go, or negotiate decision.

I appreciate the feed back very much.