All Forum Posts by: Jonathan S.

I have two properties available 

First Property West New York, New Jersey. 

 - Property is an empty lot zoned for 2-family. 

- Asking $250k

Second Property: Trenton, New Jersey

- SFR, 3/1

- Rents for $1100

- ARV: $45k

- Rehab cost: $10-15k

- Asking $22K

Please message or email me for additional info. 

[email protected]

Interested to hear how you're finding your deals

I'm an MEP engineer and wholesaler in NJ looking to network with builders and developers in New Jersey and New York. I have a few unique opportunities for the right builder and I am also interested in networking to provide MEP design services for developers. 

A little late to the thread but I'd thought I'd throw my .02 in. I'm a mechanical engineer and I've specified these units on countless projects. They are ideal for spaces where space is limited and energy efficiency is paramount. The numerous types of indoor units provide flexibility for all looks and budgets. I've used these on anything from a small cafe to multi million dollar townhomes off central park in manhattan. They are ideal for multifamily as they provide heating and cooling and allow individual control and are fairly compact. 

@Russ Scheider In regards to condensation forming on the grilles...This more likely than not comes down to improper sizing or installation of the units. In humid climates like the carolinas and elsewhere in the south, if the hvac system isn't sized properly, you can get really poor results. This is the case for any HVAC system be it split system, rooftop units, mini split, chill beam etc. 

My inbox is open to anyone interested in discussing HVAC or MEP related items.

Take your script and throw it out the window. Make a list of items you'd like to learn about the seller and the their property and just have a conversation with them. You need to be a human first and foremost and be conversational with them about their questions, comments, concerns and situations. Sprinkle in your questions you want to learn about and listen. No two calls are the same. 

hi everyone, I've recently become more and more interested in real estate developments. I am an engineer specializing in the design of hvac, plumbing and electrical for buildings and I've worked with a few developers on large residential projects (5-200 unit apartment buildings) in the NYC/NJ area. I'm looking to network with some developers to hopefully learn from and possibly work with. This is a niche that really interests me and I would love to get more involved. I have also found several development opportunities while marketing for wholesale deals but my list of potential buyers in that area is limited. Feel free to reach out. I'm open to answer all HVAC/plumbing or engineering related questions as well.

I agree with Patrick, pretty much everyone involved is at fault in some way. The architect and GC should've known to survey the lot and double check setbacks and boundaries prior to putting together any sort of plans for an addition. The three of you should've done some sort of due diligence to determine potential code and zoning issues. Someone should've approached the town and had their two cents thrown in. 

Now you can sit there and point fingers or come up with a solution. I think the best move here is to take a step back and be realistic. What and how long will it take to complete the project. Put together a realistic construction schedule and add an extra buffer for the town's bureaucratic BS. Can yo weather the storm and still come out with your head above water at the end? Would it make more sense and return a better profit if you just pivot and go a different direction? 

Please send further details to 

[email protected]

I think you'll find that most people who are getting killer deals aren't finding them through web sources like loopnet, trulia, zillow, etc. Great deals are found through direct mail, networking and otherwise prospecting on your own. Remember, many, many investors skim and scan the web daily so if theres a deal thats been lingering a while that might be a sign. However there might be something you see that could make it work that other people don't or you're a great negotiator and that could work too. At the end of the day its all about doing your own research on a deal.

This is an interesting thread and while I've only skimmed through a few posts here or there I'd drop my .02 cents. I believe we are about 2-5 years away from any sort of major adjustment, but I don't think it will be as bad as it has been in the past. As someone else has mentioned one of the major factors was an over use of the ARM mortgage which spiraled out of control. interested rates are low right now so its a great time to borrow but the banks are doing a better job at lending to qualified buyers.

If something happens it will probably be in the single family/luxury space. In the areas within and surrounding major cities the only building going on is for high-end luxury homes and apartments. Its too expensive to build "affordable" housing. and when I say affordable,, I mean rents that are 1200-1800/ month. Some of you in other parts of the country will think that number alone is high and call me crazy, that 1800 a month is considered affordable, but in the New York metro area you can barely touch a studio apartment for less than $2000 a month. Now that we're in the age of instagram and facebook and twitter, millenials want to be flashy and show off their awesome new modern apartment with manhattan views but what happens when the'yre stuck in these apartments with crippling student debt and subpar office jobs. 

There's a growing void in housing that young people and even some middle class can afford in desirable areas.