All Forum Posts by: Jeffrey Carusotto

I have a deal the property is uc for 600,000 I have a buyer for 650,000 I know 50k is a lot to swallow for some buyers if I double close after my realty transfer tax and my flash funding costs and expenses I am looking at 18k in costs. I am thinking about just assigning. I wanted to know if anyone had a creative way to conceal what I was making until the buyer  puts down the 50k non refundable. The seller has 30k as a deposit from me  and I am only liable for the deposit so if the buyer gets mad about the 50k I am OK. So anyone have an idea on how to keep what I am making a secret until the assignment is signed with his deposit in my account? One investor said he will have the buyer sign a separate contract as if we are double closing and then after the deposit is made just suggest they do an assignment instead.  That way his deposit is tied up.  Only problem I see is that  he might try and ask for a reduction in price knowing the cost of a double close. Any ideas would be great

Hello my name is Jeffrey Carusotto. I am a wholesaler, in the past year doing 4 assignments and one double closing. I am currently doing a rehab on a buy and hold and looking to acquire many more as well as fix and flip some here and there. I love to learn and am very open to any advice because everyone has seen something you haven't and I like to learn the easy way, listening to experience rather then going in blind. I would like to network with anyone that can send me deals as well as anyone I can pass deals along to as of now I look for anything ocean county and up.

I am looking to buy multi families in newark I have one property on Summer ave in the north ward and am looking to buy more. I am told to stay away from the south streets and find trulia's crime index to be a good starting point  so I usually make offers in only the green and yellow sections. Anyway I made around 30 offers in the past month and everything got rejected I am making offers threw off market deals and stuff on the mls I been using the 70 percent rule minus repairs and it seems like I am consistantly outbid with the highest offer around 10 percent higher. I just wanted to know if other buy and hold investors are having this problem because newark seems to be HOT right now. 

For marc S I am a wholesaler in NJ I actually have 57 fabyan place  under contract it got reduced to 185k I have it under contract for 172.5 and even at those numbers no one wants it it is a very tough section and the turn over rate is very high and the repairs are 75k I see other people marketing it for 45k in repairs and they are crazy