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All Forum Posts by: Jonathan Valdes

Jonathan Valdes has started 20 posts and replied 74 times.

Post: Mother daughter Bergen County New Jersey

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Kevin Hill ok, now I get it.

This is gonna be a tough one.

Post: Mother daughter Bergen County New Jersey

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Michael Gessner

I agree, the seller is an older woman who is looking to relocate Cross country. I know this wouldn’t be easy to find a buyer. Especially since I am not a realtor.

Post: Mother daughter Bergen County New Jersey

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Kevin Hill

What do you mean and end issue?

Post: Mother daughter Bergen County New Jersey

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

Hey BP,

I came across a Mother Daughter in Bergen County New Jersey. It’s in upper Saddle River NJ. Any idea how I can wholesale this property?? They want $1.7mil for the property.

5 brdm & 4 bath. 5k sqft per floor 2 floors, 3 car garage.

Post: SF with Mother in-law suit

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

Hey BP!!

It’s been a while since I’ve been on.

My in-law are selling this home in Ridgefield NJ.

They are asking for 750k.

It’s a huge SF with an in-law suite.

I would like to squeeze myself in and try to whole sale it. It was listed on the MLS and currently has a half *** offer. My father in law want to get rid of the house and doesn't want to fix anything.

Any ideas BP? How can I squeeze in here to make some money.

Thank you in advance

Post: Whole sale with no money

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Aaron K. I have to see WOW to your super fast response.

I did look further into the town. I did not see a SINGLE house sell more than 610k. That house sold back in 2018. I truly don’t think the seller wants to budge, but I’m sure there’s someone out there for him.

Post: Whole sale with no money

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

Hey BP,

I have come across a FSBO single family house here in Bergen County NJ. I am looking to wholesale it. The owner is admit about not showing the home until he sees POF. Considering that I do not want to live in, but I would like to own the property or wholesale it.

Owner is looking to get 649k for the property. With very little wiggle room for lowering it. It’s a 3/2 @ 1500 sqft.

Any help would would be appreciated!!

Thank you in advance.

Post: Crazy Demand for Rental

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Sunny Burns , if I’m not mistaken you are not the only one experiencing this influx of people/ leads. There’s a realtor/ investor in Bergen county called @kevin hill. He’s got a ton of insight. I would play it safe with finding the right tenant. It took me a good 4 solid months; in the peak of this “COVID “ to find a perfect tenant. I wish you luck!

Post: This is Not the Real Estate Environment for Rookie Investors

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Kevin Hill very well put!

And to think I met you almost 4 yrs ago Kevin. You had showed me a home in Ridgewood, it was a small 2 family across from the county park. You were knowledgeable then and still are now.

I consider myself to be a rookie investor. With just 1 property under my belt. But it has been a struggle, especially when trying to get private money for the rehab. I fell victim to fraud and lost money. Then COVID hit me. Now it’s about putting the puzzle together and staying afloat through these terrible times!!

Post: Get mortgage forbearance once in default?

Jonathan ValdesPosted
  • Rental Property Investor
  • Saddle Brook, NJ
  • Posts 82
  • Votes 36

@Kevin Walsh my lender has declined my traitor forbearance

My next step is to ask the loan originator (Ginnie Mae)