All Forum Posts by: Jeffrey Carusotto

Hello I am looking at buying a large apartment building I am a wholesaler and rehabber in NJ, I usually do 2 to 4 unit deals and am looking to expand to other areas and bigger projects. I would like to focus marketing in areas where there are more opportunities for lower acquisition costs, because well NJ is kind of dry. I am looking into doing large complexes I am still starting out and researching. I would like to see if we can discuss what some of your buying parameters are and possibly work together and maybe JV on some deals I have around 300k cash as well as another 80k LOC and was thinking I could network with brokers. cold call apartment owners, as well as send out yellow letters to owners and property management companies looking for off market deals. Which once found we could both invest.

I bought one at the auction and just finished it I bought it for 151k I am all in for 209 including all costs and have tenants paying 1400 each (2 family) and have an offer for 280k I like the quality of tenants in that area and know it pretty well.  I can do any area but I had luck there so would like to repeat it.  Are you from the area? 

 Def inbox me please

Tried to post my number but won't let me if interested inbox me

I have been wholesaling and rehabbing for 3 years wholesaled 7 properties flipped one and held one and just finished another,  I partner on deals as well my one partner flipped over 30 houses my other partner has about 15 units

I am looking to purchase properties in the Newark  ironbound area I am looking to network with individuals that are looking to learn as they earn. I would like to train them on how to talk to sellers how to evaluate deals and if they find me one we can share the profits. If interested inbox me

Thanks Jeff I am glad there are people like Jay hindrichs the deals they pass up on because the wholesaler is making to much money more deals for us lol.  So I was under the impression that you had to show them the original a to b contract before they would put down the deposit because they need to see what they are getting assigned? So aren't they going to need to see the original contract before they put down the money to make sure the contract says they need to give up there first born lol

yes but would rather make a quick 50k why do ask?

Don't  want to debate ethics lol. I just wanted to see if anyone has anyway  to structure it so I can get there deposit before they see what I am making.  I don't rip anyone off I buy at what they are wiIlling to sell it at. 

I guess we don't see eye to eye. I see it as non of your business what the guy is making on the deal.  Who are you to say he is taking to much money from the seller? I am not only a wholesaler I also rehab so to me if I don't make 50k I only make 10k I would rather just do it myself then only make 10k. I never worry what someone else is making.  You are going to turn down a million dollar deal because someone is making to much money?  I guess I am glad people think like that because I will pay the 50k and get the deal rather then miss out worrying about what is in someone's pockets.  I am just looking for a way to have his 50k then I hope he backs out so I can bring it to another buyer and make more.