All Forum Posts by: John S Lewis

Thanks @Carl Fischer

@Ashish Acharya. Thanks

Does anyone know if NJ allows a Series LLC? I'm thinking it does not. But if it does, and I've already formed an LLC, can I turn that LLC into a SLLC?

Thanks.

no replies?  i just got the email for it.  too good to be true?

Looking for some feedback on Ufund.  I've been in touch on here on BP for loans less than $50K.  Looking for anyone that has done business with them for a review.

Thanks.

I'm negotiating on a deal on a 4 bedroom, 1 bath cape in Mercerville, NJ. I'm looking for a JV partner to bring the money for purchase, closing and renovation costs.

The numbers are as follows:

Purchase Price: $120,000

Renovation $ 30,000

ARV $200,000

Gross Profit $50,000

Closing Costs(buy and sell with commis) $17,000

Potential Net Profit $33,000

I will manage the project.  We can split the profit.  

I'm looking for local partners only that can show POF when we sit down for coffee.

PM me and we can discuss all the details.

Thanks.

HI BP - I'm going to contract on a great small two family.  Here are the numbers:

Looking to put down 10% ($8500) and pay 7% interest.

Contact me or message me through BP.

Thanks.

Thanks @Justin Fraser   I should've stated that I tried those resources but did not get good results.  I'll keep plugging though!

Hello BP community. Hopefully I can get some help here. I'm looking at a 4BR/2.5BA home this weekend in Burlington Twp, NJ. I can't seem to gather any information on rent comparables. Can anyone suggest any places to get this information? Or if anyone knows what a house like this should rent for in Burlington Twp, please let me know. It's a SFH ~2000 sq ft

Thanks.

Does anyone know of any hard money lenders that do loans less than $50K in NJ? I saw only one on BP and they are in Washington State.