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All Forum Posts by: Jimmy Lowe Jr

Jimmy Lowe Jr has started 1 posts and replied 8 times.

Post: 1ST RENTAL PROPERTY !

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3

Investment Info:

Small multi-family (2-4 units) buy & hold investment in East Orange.

Purchase price: $195,000
Cash invested: $8,000

MY FIRST RENTAL ,FHA PURCHASE 3.6% FOR 30 YRS.. 1ST UNIT RENTING @ $1,375 2BDR . 2ND UNIT RENTING @ $1,575 3BDR , MORTGAGE $ 1,863. CASHFOWING @ $1,087 A MONTH !

Post: CASHFLOW 3-FAM IN ORANGE

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3
Originally posted by @Gabe Paolella:
Property Financials (Underwriting)
DisclaimersCALL OR TEXT GABE PAOLELLA FOR MORE INFO AT 609-638-8465SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (30) days or less. $7000 deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.

All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.

Post: Would you renew a lease on a disrespectful tenant?

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3

@Sarah Pursell

Keep her dont raise then rent, let her talk. Remember your winning. Her smart mouth means nothing when her rent adds to YOUR Passive Income ! I would listen to her with a smile

Post: First Flip Completed Successfully! W/ Pics and Numbers

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3

Congrats ! It came out great ! 

Post: First Flip done succesfully

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3

Congrats ! Hope your next deal goes much smoother !

Post: Newbie to 5 units in 7 months!

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3
@Junior Picanco how much equity was built up into the first property before the cash out refi?
Thanks ! @Mindy Jensen on the great savings!

Post: How to Succeed at Sheriff Sales!

Jimmy Lowe JrPosted
  • Flipper/Rehabber
  • Essex County, NJ
  • Posts 8
  • Votes 3

I'm 4 days late !